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Brookfield 60513
3115 Madison Avenue
$305,000
● House - Off Market

3115 Madison Avenue

Brookfield, IL 60513
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,258 Ft²
$301,328
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

One-level brick ranch home with great curb appeal & lots of potential! Three bedrooms, living room, & generously sized kitchen make this the perfect home to enjoy with family & friends. The oversized family room features floor to ceiling windows & fireplace. Large back yard & 2.5 car garage ensure that there is space for everyone. Well maintained & on a large lot, this home is ideally located with easy access to shopping, highways, schools, medical facilities, zoo, forest preserves & parks.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$238
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1950

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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.

Last updated: 3 years ago (MRED MLS #11370288)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by @properties Christie's International Real Estate $299,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 3
  • 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: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Total Building Area: 1,258
  • Gross Building Area: 1,258
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: S E GROSS SECOND ADDITION
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Riverside Brookfield Township School District 208
  • Census Tract: 818800

Geography

  • District: 31
  • Parcel: 15-34-105-054-0000
  • Meridian: SEC 34 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8342
  • Longitude: -87.854

    Address

  • Full Address: 3115 Madison Ave
  • Address - House Number: 3115
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Brookfield
  • Carrier Code: C008
  • 4-Digit Zip Code: 1226
  • Zip Code: 60513

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $888,997
  • Tax Rate Code Area: 31054

    Appraisal Valuation

  • Standard Deviation: 0.2697
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 330,076
  • High Value: 419,098
  • Low Value: 241,054

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $47,250
  • Market Improvement Value: $192,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,725
  • Assessed Improvements Value: $19,275

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6353
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 Brookfield

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1334 ft²

Average Home Age

81.4 years

Currently For Sale

31 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 8836 Ogden Avenue, Brookfield, IL, 60513

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 2,800 ft²
8836 Ogden Avenue #1, Brookfield, IL, 60513 Listing by Janny Arenas
Unit for rent at 8718 Plainfield Road, Lyons, IL, 60534

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,421 ft²
8718 Plainfield Road, Lyons, IL, 60534 Listing by Karen Guerra

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brian Brennan, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11370288
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 3115 Madison Avenue built and last sold?
The property at 3115 Madison Avenue was built in 1950 and last sold on May 4, 2022 for $305,000.
How much is this home worth?
The estimated value of the home located at 3115 Madison Avenue is $302,841.
What are some comparable homes to 3115 Madison Avenue?
There are currently no comparable homes to 3115 Madison Avenue.
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