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West Chicago 60185
29W524 Lee Road
$268,000
● House - Off Market

29W524 Lee Road

West Chicago, IL 60185
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$261,923
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

MULTIPLE OFFER SITUATION!  HIGHEST & BEST OFFERS DUE BY MONDAY APRIL 11, 2022 AT 1PM!!  CHARMING RANCH ON LARGE LOT! This move in ready home is just waiting for your personal touches. The living room features built in shelves, and  large windows for tons of natural light. The spacious eating area leads to french doors which opens to a large 3 seasons porch. The 3 seasons porch boasts cedar walls and ceiling, ceiling fan, carpeting, and is perfect for enjoying views of the large back yard. Living space continues into the partially finished basement with laminate flooring. The separate storage area in the basement has built in shelves, cabinets & utility sink. Walking distance to Reed Keppler Park, close to 59 & 64 for easy access for commuting and shopping & dining.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$246
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1956

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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 #11369601)

Price History

Date / Event Date Event Price
May 26, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by RE/MAX Suburban $259,900
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 21
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,056
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,112
  • Gross Building Area: 2,112
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: W CHICAGO PARK MANOR
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: W CHICAGO PARK MANOR W 1/2 ALL E 1/2

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841501

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-E2
  • Parcel: 04-03-104-006
  • Block: 10
  • Lot: M
  • Municipality: WINFIELD
  • Latitude: 41.8963
  • Longitude: -88.1975

    Address

  • Full Address: 29w524 Lee Rd
  • Address - House Number: 29w524
  • Address - Street Name: Lee
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C002
  • 4-Digit Zip Code: 2041
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566,424
  • Tax Rate Code Area: 4069

    Appraisal Valuation

  • Standard Deviation: 0.1789
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 280,131
  • High Value: 330,257
  • Low Value: 230,006

    Market Valuation

  • Market Total Value: $222,750
  • Market Land Value: $79,230
  • Market Improvement Value: $143,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,250
  • Assessed Land Value: $26,410
  • Assessed Improvements Value: $47,840

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53538

    Financing

  • First Mortgage Financing Type: ADJ
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 West Chicago

Stats & Trends

Median Asking:

$384,950

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2225 ft²

Average Home Age

63.5 years

Currently For Sale

12 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 924 Ainsley Drive, West Chicago, IL, 60185

$2,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,584 ft²
924 Ainsley Drive, West Chicago, IL, 60185 Listing by Rocco LaMantia

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lance Kammes, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11369601
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 29W524 Lee Road built and last sold?
The property at 29W524 Lee Road was built in 1956 and last sold on May 26, 2022 for $268,000.
How much is this home worth?
The estimated value of the home located at 29W524 Lee Road is $262,913.
What are some comparable homes to 29W524 Lee Road?
There are currently no comparable homes to 29W524 Lee Road.
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