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Glen Ellyn 60137
296 May Avenue
$490,000
● House - Off Market

296 May Avenue

Glen Ellyn, IL 60137
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$3,117
Est. Monthly
5.28%
Cap Rate
Unit Size
1,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$381
Property Type
House
Property Taxes
$785
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 576
  • Garage Type: 7
  • Garage Square Area: 90
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 167
  • Lot Size Frontage Feet: 50
  • Total Building Area: 1,824
  • Gross Building Area: 1,824
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROSSITERS SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ROSSITERS SUB OF PT OF LOT 19 J R SMITHS ADD

Neighborhood

  • School District Name: Glen Ellyn School District 41
  • School Tax School District: GLEN ELLYN
  • Census Tract: 842100

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3025-D6
  • Parcel: 05-13-105-022
  • Lot: 19
  • Municipality: MILTON
  • Latitude: 41.8704
  • Longitude: -88.0517

    Address

  • Full Address: 296 May Ave
  • Address - House Number: 296
  • Address - Street Name: May
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Glen Ellyn
  • Carrier Code: C016
  • 4-Digit Zip Code: 5222
  • Zip Code: 60137

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $906,414
  • Tax Rate Code Area: 5036

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 457,404
  • High Value: 535,674
  • Low Value: 379,134

    Market Valuation

  • Market Total Value: $381,180
  • Market Land Value: $95,070
  • Market Improvement Value: $286,110

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $127,060
  • Assessed Land Value: $31,690
  • Assessed Improvements Value: $95,370

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Oct 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020-121606
  • Previous Sale Recording Date: Apr 12, 2016
  • Previous Sale Contract Date: Mar 31, 2016
  • Previous Sale Amount: $300,000
  • 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 Glen Ellyn

Stats & Trends

Median Asking:

$585,000

Sale Price/ft²

$310

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2442 ft²

Average Home Age

50.5 years

Currently For Sale

41 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

Rentals Near You

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MRED

Listed by: Charles McCann, Keller Williams Premiere Properties
Data Source: MRED, MLS# MRD12384252
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 296 May Avenue built and last sold?
The property at 296 May Avenue was built in 1926 and last sold on Aug 26, 2020 for $345,000.
How much is this home worth?
The estimated value of the home located at 296 May Avenue is $0.
What are some comparable homes to 296 May Avenue?
There are currently no comparable homes to 296 May Avenue.
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