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Mount Prospect 60056
301 W Central Road
$1,310,000
● House - Off Market

301 W Central Road

Mount Prospect, IL 60056
bedrooms
Studio
bathrooms
0 Bath
$9,131
Est. Monthly
-2.06%
Cap Rate

About This Property

Prime Mount Prospect Location! Purchase Includes 7,000 sq ft Lot, 6,000 sq ft Building, and Profitable Business. Dog Play Day Care, Inc. is an Established Dog Daycare and Boarding Facility Serving the Area Since 2009. With a Prime Location and Established Clientele, All You Need is a Love for Dogs and a Desire to Make Money! The Business is Fully Staffed with Everything in Place. According to Fortune Business Insights, the Pet Care Market is Projected to Grow from $222.93 Billion in 2021 to $325.74 Billion in 2028. Tap into One of the Fastest-Growing and Most Profitable Industries, the Pet Industry. Please Note that this is a Confidential Matter, and No Additional Information Will be Provided Until a Confidentiality Agreement and Background Information have been Submitted.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,379
HOA Dues
-
Year Built
1950

Payment Calculator

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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 #11646919)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Oct 6, 2022 Listed by RE/MAX Suburban $1,375,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Business/Commerical Units Count: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,135
  • Total Building Area: 5,758
  • Gross Building Area: 5,758
  • Building Area: 5,758
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,758
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: EHARDS SUB
  • Land Acres: 0000000164
  • Standard Land Use Code: 2043
  • County Land Use Code: 5-17
  • Legal Description 1: (NOVAKOVICS) RESUB OF LTS12-14 IN HENRY J EHARDS SUB OF THAT PT OF THE NE SEC 11-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804901

Geography

  • District: 16
  • Parcel: 08-11-204-017-0000
  • Lot: 12-14
  • Meridian: SEC 11 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0661
  • Longitude: -87.9413

    Address

  • Full Address: 301 W Central Rd
  • Address - House Number: 301
  • Street Direction: W
  • Address - Street Name: Central
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C071
  • 4-Digit Zip Code: 2476
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,215,412
  • Tax Rate Code Area: 16140

    Market Valuation

  • Market Total Value: $778,884
  • Market Land Value: $107,024
  • Market Improvement Value: $671,860

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $194,721
  • Assessed Land Value: $26,756
  • Assessed Improvements Value: $167,965

    Sales

  • Current Sale Contract Date: Mar 19, 2024
  • Current Sale Recording Date: Mar 27, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14070
  • Previous Sale Recording Date: Apr 06, 2004
  • Previous Sale Contract Date: Mar 19, 2004
  • Previous Sale Amount: $208,000
  • 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 Mount Prospect

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1822 ft²

Average Home Age

57.7 years

Currently For Sale

79 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

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MRED

Listed by: Jackie Lynch, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11646919
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 301 West Central Road built and last sold?
The property at 301 West Central Road was built in 1950 and last sold on Mar 19, 2024 for $850,000.
How much is this home worth?
The estimated value of the home located at 301 West Central Road is $0.
What are some comparable homes to 301 West Central Road?
There are currently no comparable homes to 301 West Central Road.
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