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Berwyn 60402
2802 Highland Avenue
$435,000
● House - Off Market

2802 Highland Avenue

Berwyn, IL 60402
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,000 Ft²
$2,842
Est. Monthly
7.96%
Cap Rate

About This Property

WOW! BEAUTIFUL BLONDE BRICK BUNGALOW WITH BRICK GARAGE. 4BEDROOMS, 3 FULL BATHROOMS. GORGEOUS KITCHEN WITH MODERN WHITE CABINETRY, QUARTZ COUNTERS, PENINSULA WITH SEATING SPACE, STAINLESS STEEL APPLIANCES. GLEAMING DARK WOOD FLOORS THROUGHOUT THE MAIN LEVEL. SPACIUS, BRIGHT AND AIRY LIVING ROOM AND DINING ROOM COMBO. FINISHED BASEMENT WITH LARGE FAMILY ROOM, FULL BATHROOM AND EXTRA ROOM. ROOF, WINDOWS, HVAC SYSTEM, PLUMBING, ELECTRICAL, INTERIOR AND EXTERIOR DOORS, MOLDINGS. CARPET IN THE BASEMENT AND SECOND FLOOR. ROOM SIZES ESTIMATED.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$220
Property Type
House
Property Taxes
$686
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,855
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,564
  • Gross Building Area: 1,564
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREELEYS ADD TO BERWYN
  • Land Acres: 0000000089
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (GREELEYS) ADD TO (BERWYN) SUB OF SH SW SW & NH SW SW SEC 29-39-13

Neighborhood

  • School District Name: Berwyn South School District 100
  • Census Tract: 815200

Geography

  • District: 11
  • Parcel: 16-29-317-021-0000
  • Block: 1
  • Lot: 1
  • Meridian: SEC 29 TWN 39N RNG 13E
  • Municipality: BERWYN
  • Latitude: 41.8396
  • Longitude: -87.781

    Address

  • Full Address: 2802 Highland Ave
  • Address - House Number: 2802
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Berwyn
  • Carrier Code: C002
  • 4-Digit Zip Code: 2720
  • Zip Code: 60402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $684,951
  • Tax Rate Code Area: 11002

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 333,679
  • High Value: 409,871
  • Low Value: 257,486

    Market Valuation

  • Market Total Value: $263,540
  • Market Land Value: $47,220
  • Market Improvement Value: $216,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,354
  • Assessed Land Value: $4,722
  • Assessed Improvements Value: $21,632

    Sales

  • Current Sale Contract Date: May 15, 2018
  • Current Sale Recording Date: May 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1813806202
  • Previous Sale Recording Date: Jul 25, 2017
  • Previous Sale Contract Date: Jun 20, 2017
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Berwyn

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$210

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1690 ft²

Average Home Age

93.7 years

Currently For Sale

87 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2234 Gunderson Avenue, Berwyn, IL, 60402

$3,650 /mo

  • 4 Beds
  • 2 Baths
  • 2,800 ft²
2234 Gunderson Avenue, Berwyn, IL, 60402 Listing by Luis Perez
Unit for rent at 7119 40th Street, Stickney, IL, 60402

$3,650 /mo

  • 4 Beds
  • 3 Baths
  • 2,505 ft²
7119 40th Street, Stickney, IL, 60402 Listing by Soharb Khan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Pat Cesario, Compass
Data Source: MRED, MLS# MRD12293107
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2802 Highland Avenue built and last sold?
The property at 2802 Highland Avenue was built in 1925 and last sold on May 15, 2018 for $350,000.
How much is this home worth?
The estimated value of the home located at 2802 Highland Avenue is $441,225.
What are some comparable homes to 2802 Highland Avenue?
There are currently no comparable homes to 2802 Highland Avenue.
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