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Lake 60048
32400 N River Road
$150,000
● Land - Off Market

32400 N River Road

Gurnee, IL 60031
bedrooms
Studio
bathrooms
0 Bath
$778
Est. Monthly

About This Property

Nestled at the edge of a peaceful cul-de-sac, this beautiful wooded lot offers over 2 acres of untouched natural landscape-perfect for those seeking privacy, serenity, and space to build their dream home. Surrounded by mature trees and lush foliage, the property provides a tranquil setting with ample opportunity to create a custom retreat tucked away in nature. The cul-de-sac location ensures minimal traffic and a quiet neighborhood feel, while still being conveniently close to local amenities, schools, and major roadways. Whether you're envisioning a secluded getaway or a forever home with room to grow, this generous parcel of land presents a rare opportunity to own a slice of wooded paradise.
Unit Size
-
Days on Market
-
Land Size
2.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$41
HOA Dues
-
Year Built
-

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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.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 103,237
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PT NW
  • Land Acres: 0000002370
  • Standard Land Use Code: 8001
  • County Land Use Code: 30
  • Legal Description 1: PT ELY OF LN COM ON S LN NW1/4 NW1/4 SW1/4SD SEC 327.05FT E OF SW COR SD 1/4 1/4 1/4 SEC TH NELY TO PNTON E LN THOF 46.0 5FTS OF NE COR PT NW1/4 NW1/4 SW1/4 SECTION 34 TOWNSHIP 45 R

Neighborhood

  • School District Name: Warren Township High School District 121
  • Census Tract: 861509

Geography

  • District: WARREN
  • Section: 34,327
  • Parcel: 07-34-300-003
  • Meridian: SEC 34 TWN 45N RNG 11E
  • Municipality: TWP OF WARREN
  • Latitude: 42.3335
  • Longitude: -87.942

    Address

  • Full Address: 32400 N River Rd
  • Address - House Number: 32400
  • Street Direction: N
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Gurnee
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,654
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 8006

    Market Valuation

  • Market Total Value: $15,485
  • Market Land Value: $15,485

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,161
  • Assessed Land Value: $5,161

    Sales

  • Current Sale Contract Date: Sep 21, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7938404
  • Previous Sale Recording Date: Jan 26, 2021
  • Previous Sale Contract Date: Dec 14, 2020
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 69
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 Lake

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$223

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2659 ft²

Average Home Age

42 years

Currently For Sale

1230 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

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MRED

Listed by: Rafay Qamar, Real Broker LLC
Data Source: MRED, MLS# MRD12366556
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 32400 North River Road built and last sold?
The property at 32400 North River Road was built in and last sold on Sep 21, 2022 for $71,000.
How much is this home worth?
The estimated value of the home located at 32400 North River Road is $0.
What are some comparable homes to 32400 North River Road?
There are currently no comparable homes to 32400 North River Road.
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