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Cook 60164
3004 N Wolf Road
$301,000
● House - Off Market

3004 N Wolf Road

Melrose Park, IL 60164
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$1,620
Est. Monthly
9.58%
Cap Rate

About This Property

GREAT HOME SHOWS PRIDE OF OWNERSHIP, HOME HAS BEEN WELL MAINTAINED. LOTS OF NATURAL WOODWORK. ROOF IN 2016, NEW AIR CONDITIONING UNIT IN 2022, CLEANOUT INSTALLED IN 2021. 2 BATHROOM HOME WITH 3 LARGE BEDROOMS UPSTAIRS PLUS A LARGE FAMILY ROOM ON FIRST FLOOR.  LAUNDRY ROOM ON FIRST FLOOR, SPACIOUS FENCED YARD ON LARGE LOT IS GREAT FOR ENTERTAINING.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1955

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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 #12024232)

Price History

Date / Event Date Event Price
May 20, 2024 Sold
Premium
Sold
Apr 8, 2024 Listed by PMA Group INC $270,000
Listed by PMA Group INC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • 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: 10,020
  • Total Building Area: 893
  • Gross Building Area: 893
  • Building Area: 893
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 893
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIDLAND DEVELOPMENT COS GRAND & WOL
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: MIDLAND DEV CO GRAND & WO BLK 14 LOT 9

Neighborhood

  • School District Name: Mannheim School District 83
  • Census Tract: 811701

Geography

  • District: 20
  • Parcel: 12-30-215-019-0000
  • Block: 14
  • Lot: 9
  • Meridian: SEC 30 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9328
  • Longitude: -87.9046

    Address

  • Full Address: 3004 N Wolf Rd
  • Address - House Number: 3004
  • Street Direction: N
  • Address - Street Name: Wolf
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Melrose Park
  • Carrier Code: C052
  • 4-Digit Zip Code: 1115
  • Zip Code: 60164

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $489,151
  • Tax Rate Code Area: 20011

    Appraisal Valuation

  • Standard Deviation: 0.2354
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 269,728
  • High Value: 333,224
  • Low Value: 206,232

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $45,090
  • Market Improvement Value: $154,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $4,509
  • Assessed Improvements Value: $15,491

    Sales

  • Current Sale Contract Date: Oct 26, 1999
  • Current Sale Recording Date: Oct 29, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 09018828
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 Cook

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$242

Above Asking

1.67%

Average Days on Market

45

Average Home Size

1487 ft²

Average Home Age

65.3 years

Currently For Sale

9168 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 221 E Dickens Avenue, Northlake, IL, 60164

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,325 ft²
221 E Dickens Avenue, Northlake, IL, 60164 Listing by Ana Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Margarito Martinez, PMA Group INC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12024232
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 3004 North Wolf Road built and last sold?
The property at 3004 North Wolf Road was built in 1955 and last sold on Oct 26, 1999 for $145,000.
How much is this home worth?
The estimated value of the home located at 3004 North Wolf Road is $276,139.
What are some comparable homes to 3004 North Wolf Road?
There are currently no comparable homes to 3004 North Wolf Road.
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