For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Franklin Park 60131 Franklin Park
3050 Elder Lane
$315,000
● House - Off Market

3050 Elder Lane

Franklin Park, IL 60131
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$2,224
Est. Monthly
7.24%
Cap Rate

About This Property

Don't miss out on this fantastic opportunity to move in and enjoy the upcoming summer in this move in ready all brick Georgian. Updated electrical, plumbing, flooring, new paint, new kitchen, new roof. This is what worry free homeownership is all about! The location cannot be beat, close schools, parks, shopping, restaurants, transportation and more. Make this house your home today.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
-
Price per sqft
$295
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1945

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MRED MLS #12161356)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Sep 21, 2024 In contract -
In contract
Sep 12, 2024 Listed by Grandview Realty, LLC $339,900
Listed by Grandview Realty, LLC
Aug 22, 2024 Temporarily off market -
Temporarily off market
Aug 3, 2024 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,084
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN PK/3RD ADD
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811401

Geography

  • District: 20
  • Parcel: 12-28-211-071-0000
  • Block: 25
  • Lot: 3,2
  • Meridian: SEC 28 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9347
  • Longitude: -87.873

    Address

  • Full Address: 3050 Elder Ln
  • Address - House Number: 3050
  • Address - Street Name: Elder
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C010
  • 4-Digit Zip Code: 2511
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $683,833
  • Tax Rate Code Area: 20026

    Appraisal Valuation

  • Standard Deviation: 0.2332
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 310,192
  • High Value: 382,559
  • Low Value: 237,825

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $45,760
  • Market Improvement Value: $204,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $4,576
  • Assessed Improvements Value: $20,424

    Sales

  • Current Sale Contract Date: Dec 19, 2001
  • Current Sale Recording Date: Jan 08, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0020025982
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 Franklin Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$261

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1497 ft²

Average Home Age

68.2 years

Currently For Sale

24 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 4326 Wesley Terrace, Schiller Park, IL, 60176

$2,850 /mo

  • 5 Beds
  • 2 Baths
  • 1,000 ft²
4326 Wesley Terrace, Schiller Park, IL, 60176 Listing by Emilio Bartucci
Unit for rent at 829 N Roy Avenue, Melrose Park, IL, 60164

$2,500 /mo

  • 4 Beds
  • 1 Bath
  • 1,278 ft²
829 N Roy Avenue, Melrose Park, IL, 60164 Listing by Noe Fragoso

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Lobrillo, Grandview Realty, LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12161356
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 3050 Elder Lane built and last sold?
The property at 3050 Elder Lane was built in 1945 and last sold on Dec 19, 2001 for $184,000.
How much is this home worth?
The estimated value of the home located at 3050 Elder Lane is $0.
What are some comparable homes to 3050 Elder Lane?
There are currently no comparable homes to 3050 Elder Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Franklin Park Homes for Sale
Franklin Park Houses for Sale
Franklin Park Condos for Sale
Franklin Park Townhouses for Sale
Franklin Park Multifamily for Sale
Franklin Park Commercial for Sale
Franklin Park Homes with Basements
Franklin Park Homes with Pools
Nearby Cities
Oak Park Homes for Sale
Elmhurst Homes for Sale
Elmwood Park Homes for Sale
Forest Park Homes for Sale
Villa Park Homes for Sale
Maywood Homes for Sale
Wood Dale Homes for Sale
River Forest Homes for Sale
Nearby Property Records
DuPage County, IL Property Records
Cook County, IL Property Records
Kane County, IL Property Records
Lake County, IL Property Records
Will County, IL Property Records
McHenry County, IL Property Records
Kendall County, IL Property Records
Lake County, IN Property Records
Neighborhoods
Norwood Park Real Estate
Belmont Central Real Estate
Norridge Real Estate
Belmont Heights Real Estate
Montclare Real Estate
Galewood Real Estate
O'Hare Real Estate
Harwood Heights Real Estate
Nearby Counties
Leyden Homes for Sale
Addison Homes for Sale
Oak Park Homes for Sale
Norwood Park Homes for Sale
River Forest Homes for Sale
Top Real Estate Agents
Top Agents in Franklin Park
Top Agents in Leyden
Top Agents in Addison
Top Agents in Oak Park
Top Agents in Oak Park
Top Agents in 60634
Top Agents in 60126
Top Agents in Elmhurst