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Franklin Park 60131 Franklin Park
2808 Elder Lane
$319,000
● House - Off Market

2808 Elder Lane

Franklin Park, IL 60131
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$1,989
Est. Monthly
8.13%
Cap Rate
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$268
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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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: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 7,249
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTBROOK UNIT2
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WESTBROOK)(UNIT2) BEING MILLS & SONS SUB IN EH SEC 28-40-12

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811402

Geography

  • District: 20
  • Parcel: 12-28-404-025-0000
  • Block: 9
  • Lot: 21
  • Meridian: SEC 28 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9298
  • Longitude: -87.8729

    Address

  • Full Address: 2808 Elder Ln
  • Legal Unit: 2
  • Address - House Number: 2808
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C007
  • 4-Digit Zip Code: 2503
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $582,778
  • Tax Rate Code Area: 20028

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 280,884
  • High Value: 350,544
  • Low Value: 211,223

    Market Valuation

  • Market Total Value: $222,520
  • Market Land Value: $54,370
  • Market Improvement Value: $168,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,252
  • Assessed Land Value: $5,437
  • Assessed Improvements Value: $16,815

    Sales

  • Current Sale Contract Date: Nov 15, 2018
  • Current Sale Recording Date: Nov 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1832746048
  • Previous Sale Recording Date: Dec 09, 2008
  • Previous Sale Contract Date: Sep 04, 2008
  • Previous Sale Amount: $145,000
  • 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 Franklin Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1567 ft²

Average Home Age

68.8 years

Currently For Sale

26 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 221 E Dickens Avenue, Northlake, IL, 60164

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,325 ft²
221 E Dickens Avenue, Northlake, IL, 60164 Listing by Ana Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheena Gutierrez, Keller Williams Realty Ptnr,LL
Data Source: MRED, MLS# MRD12394965
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 2808 Elder Lane built and last sold?
The property at 2808 Elder Lane was built in 1945 and last sold on Nov 15, 2018 for $180,000.
How much is this home worth?
The estimated value of the home located at 2808 Elder Lane is $310,883.
What are some comparable homes to 2808 Elder Lane?
There are currently no comparable homes to 2808 Elder Lane.
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