$265,000
●
House -
Off Market
3508 1st Avenue
McHenry, IL 60050
4 Beds
2 Baths
2,240 Ft²
$251,837
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
***Multiple offer situation. Seller has called for highest and best
by 6:00pm on Friday 3/31*** Location Location Location!!! Move
Right Into This Beautiful 4 Bed 2 Bath Home In The Heart Of
Downtown Mchenry. Large Family Room With Hardwood Floors Which
Leads Into The Spacious Eat-In Kitchen With Breakfast Bar. Two
Spacious Bedrooms Which Includes The Master Bedroom On The Main
Level With Built In Closets/Cabinets. Third Bedroom On The Second
Floor Which Has Potential For An Extra Bedroom Or Flex Space. Full
Finished Walkout Basement With Inn-law Suite That Includes Bedroom,
Full Bath, Kitchen and Living Room. Large Deck Great For
Entertaining. Fenced In Yard With Shed. Enjoy What Mchenry Has To
Offer With Walking Distance To Restaurants, Shops, Entertainment,
Parks, Schools, Fishing and Boating. One Of Kind Property
Unit Size
2,240 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$112
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1950
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11734038)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | Listed by 4 Sale Realty, Inc. | $295,000 | |
| Listed by 4 Sale Realty, Inc. | |||
| | |||
|
Lovely home a couple blocks from downtown McHenry. The main level has two bedrooms, a kitchen, living room and bathroom. The finished upper level has a very large bedroom with sitting/gaming/study/office area. The lower level level has a possible in-law (or possible day care) setting with a kitchen area, living room, bedroom and a full bathroom. The lower level has its own entrance. Fenced in backyard with shed. Many updates including furnace/AC and two hot water heaters. The entire main level has hardwood floors that were recently refinished. The basement has Luxury Vinyl Plank flooring throughout, new ceiling tiles all in 2023. Newer roof from previous owner in 2021. New blinds in all bedrooms.
| |||
| May 3, 2023 | Sold | ||
| Sold | |||
| Mar 28, 2023 | Listed by Blue Fence Real Estate Inc. | $249,900 | |
| Listed by Blue Fence Real Estate Inc. | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About McHenry
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Reid Anderson, Blue Fence Real Estate Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11734038
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11734038
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017