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Chicago 60634 Belmont Central
2833 N McVicker Avenue
$220,900
● House - Off Market

2833 N McVicker Avenue

Chicago, IL 60634
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$242,595
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

BRING YOUR CASH BUYERS!!! ATTENTION CONTRACTORS AND REHABBERS! 4 BEDROOM BRICK BUNGALOW IN BELMONT CRAGIN AREA ON A LARGE LOT LIVEABLE BUT NEEDS UPDATING AND TLC. LOTS OF POTENTIAL, FIRST FLOOR HAS HARDWOOD FLOORS THROUGHOUT, LIVING ROOM, SEPARATE DINING ROOM, KITCHEN AND WALK IN PANTRY, ENCLOSED PORCH AND 2 BEDROOMS. FINISHED ATTIC W LOW CEILINGS HAS 2 LARGE BEDROOMS. UNFINISHED BASEMENT IS JUST WAITING FOR YOUR IDEAS. ROOF IS 8 YEARS OLD. GARAGE IS A TEAR DOWN. HOME SOLD AS IS. CLOSE TO SCHOOLS, SHOPPING AND PUBLIC TRANSPORTATION. NO FHA LOANS.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$150
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1924

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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.

Last updated: 3 years ago (MRED MLS #11077444)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
May 5, 2021 Listed by Berkshire Hathaway HomeServices Chicago $209,900
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 3,720
  • Total Building Area: 966
  • Gross Building Area: 966
  • Building Area: 966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 966
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALTER E GOGOLINSKIS SUB
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 190401

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-29-128-009-0000
  • Lot: 32
  • Meridian: SEC 29 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9321
  • Longitude: -87.7769

    Address

  • Full Address: 2833 N Mcvicker Ave
  • Address - House Number: 2833
  • Street Direction: N
  • Address - Street Name: Mcvicker
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C022
  • 4-Digit Zip Code: 5144
  • Zip Code: 60634

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $555,659
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2476
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 326,369
  • High Value: 407,202
  • Low Value: 245,537

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $93,000
  • Market Improvement Value: $177,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $9,300
  • Assessed Improvements Value: $17,700

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2120320358
  • Previous Sale Recording Date: Jul 26, 2013
  • Previous Sale Contract Date: Jun 03, 2013
  • Previous Sale Amount: $129,000
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: UNK
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 Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1242 ft²

Average Home Age

77.9 years

Currently For Sale

802 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 3404 N Lavergne Avenue, Chicago, IL, 60641

$3,475 /mo

  • 5 Beds
  • 2 Baths
  • 1,700 ft²
3404 N Lavergne Avenue #2F, Chicago, IL, 60641 Listing by Danyale Dollah
Unit for rent at 2839 N Rutherford Avenue, Chicago, IL, 60634

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,558 ft²
2839 N Rutherford Avenue, Chicago, IL, 60634 Listing by Alison Song

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jessica Rivera, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11077444
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 2833 North McVicker Avenue built and last sold?
The property at 2833 North McVicker Avenue was built in 1924 and last sold on Jul 12, 2021 for $221,000.
How much is this home worth?
The estimated value of the home located at 2833 North McVicker Avenue is $0.
What are some comparable homes to 2833 North McVicker Avenue?
There are currently no comparable homes to 2833 North McVicker Avenue.
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