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Lake Villa 60046 Lake Vista
3 Sheehan Drive
$220,000
● House - Off Market

3 Sheehan Drive

Lake Villa, IL 60046
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,991 Ft²
$1,931
Est. Monthly

About This Property

Investor or rehab opportunity in Lake Villa! This 4-bedroom, 2-bath split-level sits on a spacious corner lot and offers strong value-add potential with a functional layout, multiple living areas, generous room sizes, and a 2-car attached garage. Solid footprint with great upside for updates, renovation, resale, or rental income. Estate sale - property sold AS IS with seller making no repairs. Cash or rehab financing preferred. Quick close possible. Bring your vision and unlock the potential!
Unit Size
1,991 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$703
HOA Dues
-
Year Built
1987

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,768
  • Total Building Area: 1,713
  • Gross Building Area: 1,713
  • Building Area: 1,137
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,137
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHEEHANS SUBDIVISION
  • Land Acres: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: SHEEHANS SUBDIVISION LOT 1 LOT 1

Neighborhood

  • School District Name: Antioch Community High School District 117
  • Census Tract: 861013

Geography

  • Assessors Map Reference: 2475-C1
  • District: LAKE VILLA
  • Parcel: 06-04-205-020
  • Lot: 1
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.4152
  • Longitude: -88.0628

    Address

  • Full Address: 3 Sheehan Dr
  • Address - House Number: 3
  • Address - Street Name: Sheehan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Villa
  • Carrier Code: R015
  • 4-Digit Zip Code: 8766
  • Zip Code: 60046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $743,352
  • Tax Rate Code Area: 5119

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 253,500
  • High Value: 315,790
  • Low Value: 191,210

    Market Valuation

  • Market Total Value: $252,109
  • Market Land Value: $31,848
  • Market Improvement Value: $220,261

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,028
  • Assessed Land Value: $10,615
  • Assessed Improvements Value: $73,413

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 1998
  • Current Sale Recording Date: Sep 08, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 4201690
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 Lake Vista

Stats & Trends

Median Asking:

$445,000

Sale Price/ft²

$194

Below Asking

0.04%

Average Days on Market

71

Average Home Size

2279 ft²

Average Home Age

19 years

Currently For Sale

0 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 37055 N Capillo Avenue, Lake Villa, IL, 60046

$2,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
37055 N Capillo Avenue, Lake Villa, IL, 60046 Listing by John Worklan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sandra Anchor, RE/MAX Plaza
Data Source: MRED, MLS# MRD12560881
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 3 Sheehan Drive built and last sold?
The property at 3 Sheehan Drive was built in 1987 and last sold on Aug 28, 1998 for $165,000.
How much is this home worth?
The estimated value of the home located at 3 Sheehan Drive is $0.
What are some comparable homes to 3 Sheehan Drive?
There are currently no comparable homes to 3 Sheehan Drive.
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