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Itasca 60143
306 S Cherry Street
$361,700
● House - Off Market

306 S Cherry Street

Itasca, IL 60143
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,260 Ft²
$2,029
Est. Monthly
8.44%
Cap Rate

About This Property

Great rehab opportunity with this raised ranch in the heart of Itasca! Offering 3 bedrooms and 2 full bathrooms. All three bedrooms are upstairs along with kitchen, separate dining room, and living room. Lower level features second full bath, large rec room and laundry. Oversized 2 car garage has ample space for cars and extra storage. Sliding door in kitchen leads to deck overlooking nice size fenced yard. Amazing location near Itasca Park District, Wesley G Usher Memorial Park, Itasca Country Club, Songbird Slough, and quick access to shopping and restaurants!
Unit Size
2,260 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$150
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1976

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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: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 19
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 134
  • Lot Size Frontage Feet: 67
  • Total Building Area: 2,680
  • Gross Building Area: 2,680
  • Building Area: 2,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IRVING PARK
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: IRVING PARK GARDENS OF ITASCA S 67.85FT

Neighborhood

  • School District Name: Itasca School District 10
  • School Tax School District: ITASCA
  • Census Tract: 840201

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2914-C6
  • Parcel: 03-08-317-024
  • Block: 2
  • Lot: 2
  • Municipality: ADDISON
  • Latitude: 41.9678
  • Longitude: -88.0085

    Address

  • Full Address: 306 S Cherry St
  • Address - House Number: 306
  • Street Direction: S
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: IL
  • City Name: Itasca
  • Carrier Code: C004
  • 4-Digit Zip Code: 2107
  • Zip Code: 60143

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $462,076
  • Tax Rate Code Area: 3087

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 403,088
  • High Value: 466,448
  • Low Value: 339,728

    Market Valuation

  • Market Total Value: $348,360
  • Market Land Value: $160,050
  • Market Improvement Value: $188,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $116,120
  • Assessed Land Value: $53,350
  • Assessed Improvements Value: $62,770

    Exemptions

  • Senior Citizen Exemption : Yes
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 Itasca

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

44

Average Home Size

5877 ft²

Average Home Age

28.2 years

Currently For Sale

19 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 122 Bay Drive, Itasca, IL, 60143

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,850 ft²
122 Bay Drive, Itasca, IL, 60143 Listing by Lela Basaria
Unit for rent at 1117 Hawthorne Lane, Elk Grove Village, IL, 60007

$2,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,252 ft²
1117 Hawthorne Lane #1117, Elk Grove Village, IL, 60007 Listing by Miki Yoshida

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Garry, Keller Williams Premiere Properties
Data Source: MRED, MLS# MRD12338106
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 306 South Cherry Street built and last sold?
The property at 306 South Cherry Street was built in 1976 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 306 South Cherry Street is $360,238.
What are some comparable homes to 306 South Cherry Street?
There are currently no comparable homes to 306 South Cherry Street.
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