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Riverside 60546
316 Gage Road
$335,000
● House - Off Market

316 Gage Road

Riverside, IL 60546
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,520 Ft²
$347,817
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome Home!  This classic 100 year old two-story home with a two car garage in historic Riverside has ton of charm and potential.  This home has three bedrooms.  Hardwood floors, tons of original woodwork, new concrete driveway, new roof. Front enclosed porch, fireplace in the living room with built-in bookcase and two decorative windows. Separate dining room with windows that bring in good lighting, unfinished basement with laundry and several storage areas. Great location to Harrington Park with baseball/soccer fields, tennis courts and playground, convenient to the Harlem Avenue Metra stop to Union Station in Chicago.  Well loved home but being SOLD "AS IS".  Such a great opportunity to make this gem your own.
Unit Size
1,520 Ft²
Days on Market
-
Land Size
-
Price per sqft
$230
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1923

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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 #11820498)

Price History

Date / Event Date Event Price
Sep 12, 2023 Sold
Premium
Sold
Jun 29, 2023 Listed by Coldwell Banker Realty $350,000
Listed by Coldwell Banker Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 63
  • Exterior Walls Type: 12
  • 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: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,549
  • Total Building Area: 1,570
  • Gross Building Area: 1,570
  • Building Area: 1,570
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,570
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECOND DIVISION OF RIVERSIDE
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Riverside Brookfield Township School District 208
  • Census Tract: 815702

Geography

  • District: 34
  • Parcel: 15-36-401-041-0000
  • Meridian: SEC 36 TWN 39N RNG 12E
  • Municipality: RIVERSIDE
  • Latitude: 41.8278
  • Longitude: -87.806

    Address

  • Full Address: 316 Gage Rd
  • Address - House Number: 316
  • Address - Street Name: Gage
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Riverside
  • Carrier Code: C012
  • 4-Digit Zip Code: 2316
  • Zip Code: 60546

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,272,985
  • Tax Rate Code Area: 34006

    Appraisal Valuation

  • Standard Deviation: 0.2319
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 434,766
  • High Value: 535,627
  • Low Value: 333,906

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $85,490
  • Market Improvement Value: $324,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $8,549
  • Assessed Improvements Value: $32,451

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13298
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 Riverside

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$288

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2017 ft²

Average Home Age

77 years

Currently For Sale

8 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 2125 Wesley Avenue, Berwyn, IL, 60402

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2125 Wesley Avenue, Berwyn, IL, 60402 Listing by Alejandra Salazar
Unit for rent at 3014 Harlem Avenue, IL, 60546

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
3014 Harlem Avenue #1, IL, 60546 Listing by Angela Walker
Unit for rent at 1820 Gunderson Avenue, Berwyn, IL, 60402

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
1820 Gunderson Avenue #2, Berwyn, IL, 60402 Listing by Heidi Lapczynska

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheila Gentile, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11820498
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 316 Gage Road built and last sold?
The property at 316 Gage Road was built in 1923 and last sold on Sep 6, 2023 for $335,000.
How much is this home worth?
The estimated value of the home located at 316 Gage Road is $359,948.
What are some comparable homes to 316 Gage Road?
There are currently no comparable homes to 316 Gage Road.
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