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Palatine 60067
309 E Parallel Street
$351,000
● House - Off Market

309 E Parallel Street

Palatine, IL 60067
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,066 Ft²
$2,162
Est. Monthly
8.60%
Cap Rate
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$328
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1956

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 8,844
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,066
  • Gross Building Area: 1,066
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRAIRIE VIEW ADD TO PALATINE
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (PRAIRIE)(VIEW)ADD TO(PALATINE)SUB OF PT LYING N OF C &N.W.RR EXCEPT W 7ACRES THEREOF IN EH NW SEC 23-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803800

Geography

  • District: 29
  • Parcel: 02-23-101-047-0000
  • Block: 6,6
  • Lot: 7,8
  • Meridian: SEC 23 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1078
  • Longitude: -88.036

    Address

  • Full Address: 309 E Parallel St
  • Address - House Number: 309
  • Street Direction: E
  • Address - Street Name: Parallel
  • Address - Suffix Type: St
  • State: IL
  • City Name: Palatine
  • Carrier Code: C052
  • 4-Digit Zip Code: 6235
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532,099
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 300,398
  • High Value: 369,306
  • Low Value: 231,491

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $53,060
  • Market Improvement Value: $166,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $5,306
  • Assessed Improvements Value: $16,694

    Sales

  • Current Sale Contract Date: Nov 30, 2004
  • Current Sale Recording Date: Dec 20, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 41
  • Current Sale Input Document Number: 0435502284
  • Previous Sale Recording Date: Nov 16, 2001
  • Previous Sale Contract Date: Sep 26, 2001
  • Previous Sale Amount: $182,500
  • 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 Palatine

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$236

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1646 ft²

Average Home Age

43.6 years

Currently For Sale

111 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 561 W Parkside Drive, Palatine, IL, 60067

$3,100 /mo

  • 3 Beds
  • 3 Baths
561 W Parkside Drive, Palatine, IL, 60067 Listing by Haifeng Sun

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mark Veit, Keller Williams Thrive
Data Source: MRED, MLS# MRD12254113
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 309 East Parallel Street built and last sold?
The property at 309 East Parallel Street was built in 1956 and last sold on Nov 30, 2004 for $243,500.
How much is this home worth?
The estimated value of the home located at 309 East Parallel Street is $0.
What are some comparable homes to 309 East Parallel Street?
There are currently no comparable homes to 309 East Parallel Street.
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