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DuPage 60148
2S624 Gray Avenue
$470,000
● House - Off Market

2S624 Gray Avenue

Lombard, IL 60148
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,815 Ft²
$2,816
Est. Monthly
6.31%
Cap Rate

About This Property

Beautifully expanded Butterfield East RANCH! 3 Bedroom/2 full baths- MOVE IN READY! Pristine Condition! Home had been expanded and interior redesigned for open concept living. Many newer windows.  Updated kitchen with white cabinets and stainless appliances featuring an expansive island w/counter seating. Kitchen opens up to the family room that overlooks the peaceful backyard that backs to Hoffman Park. Off the kitchen is a dining space and a mudroom/office space that leads to the garage. The homes back yard has a large paver patio, a fully fenced yard & a shed.
Unit Size
1,815 Ft²
Days on Market
-
Land Size
-
Price per sqft
$253
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1964

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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: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 133
  • Lot Size Frontage Feet: 75
  • Total Building Area: 2,235
  • Gross Building Area: 2,235
  • Building Area: 1,815
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,815
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BUTTERFIELD
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: BUTTERFIELD UNIT #4

Neighborhood

  • School District Name: Lombard School District 44
  • School Tax School District: GLENBARD
  • Census Tract: 842709

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3083-E3
  • Parcel: 05-25-301-017
  • Block: 10
  • Lot: 7
  • Municipality: MILTON
  • Latitude: 41.8335
  • Longitude: -88.0441

    Address

  • Full Address: 2s624 Gray Ave
  • Legal Unit: 4
  • Address - House Number: 2s624
  • Address - Street Name: Gray
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lombard
  • Carrier Code: R002
  • 4-Digit Zip Code: 5141
  • Zip Code: 60148

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $785,350
  • Tax Rate Code Area: 5086

    Appraisal Valuation

  • Standard Deviation: 0.172
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 434,291
  • High Value: 508,998
  • Low Value: 359,583

    Market Valuation

  • Market Total Value: $346,860
  • Market Land Value: $57,930
  • Market Improvement Value: $288,930

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,620
  • Assessed Land Value: $19,310
  • Assessed Improvements Value: $96,310

    Sales

  • Current Sale Contract Date: Aug 16, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 77880
  • Previous Sale Recording Date: May 30, 2001
  • Previous Sale Contract Date: May 21, 2001
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 71
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 DuPage

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2275 ft²

Average Home Age

43.9 years

Currently For Sale

1554 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 4038 Forest Avenue, Downers Grove, IL, 60515

$2,995 /mo

  • 3 Beds
  • 1 Bath
  • 1,125 ft²
4038 Forest Avenue, Downers Grove, IL, 60515 Listing by Robert Hayes

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Josie Morrison, RE/MAX Action
Data Source: MRED, MLS# MRD12408517
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 2S624 Gray Avenue built and last sold?
The property at 2S624 Gray Avenue was built in 1964 and last sold on Aug 16, 2022 for $392,000.
How much is this home worth?
The estimated value of the home located at 2S624 Gray Avenue is $465,435.
What are some comparable homes to 2S624 Gray Avenue?
There are currently no comparable homes to 2S624 Gray Avenue.
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