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Franklin Park 60131 Franklin Park
3517 Lonnquist Drive
$198,500
● House - Off Market

3517 Lonnquist Drive

Franklin Park, IL 60131
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$330,195
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Great for 1st time homebuyers!!  Come see this pristine well kept move in Ready Home!  Features include updated Kitchen, New counters, newer appliances, Freshly redone original hardwood flooring! Remodeled 1st floor Bath, and Completely Remodeled Basement with WetBar Fabulous for Entertaining!  Also Enjoy a Professionally Landscaped Backyard with a new Patio as your Oasis Also Brand new Windows Throughout,  Nothing you have to do but move in!
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$445
HOA Dues
-
Year Built
1947

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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: 2 years ago (MRED MLS #09259193)

Price History

Date / Event Date Event Price
Aug 10, 2016 Sold
Premium
Sold
Jun 15, 2016 Listed by City Habitat Realty LLC $195,500
Listed by City Habitat Realty LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,865
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANK-LON HOMES INC 02
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Franklin Park School District 84
  • Census Tract: 811500

Geography

  • District: 20
  • Parcel: 12-21-431-004-0000
  • Lot: 65
  • Meridian: SEC 21 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9428
  • Longitude: -87.8694

    Address

  • Full Address: 3517 Lonnquist Dr
  • Address - House Number: 3517
  • Address - Street Name: Lonnquist
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C009
  • 4-Digit Zip Code: 1735
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $715,515
  • Tax Rate Code Area: 20026

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 319,547
  • High Value: 398,796
  • Low Value: 240,298

    Market Valuation

  • Market Total Value: $260,010
  • Market Land Value: $43,790
  • Market Improvement Value: $216,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,001
  • Assessed Land Value: $4,379
  • Assessed Improvements Value: $21,622

    Sales

  • Current Sale Contract Date: Aug 02, 2016
  • Current Sale Recording Date: Aug 11, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1622416049
  • Previous Sale Recording Date: May 24, 2010
  • Previous Sale Contract Date: May 04, 2010
  • Previous Sale Amount: $166,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Franklin Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1572 ft²

Average Home Age

68.7 years

Currently For Sale

19 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 4326 Wesley Terrace, Schiller Park, IL, 60176

$2,850 /mo

  • 5 Beds
  • 2 Baths
  • 1,000 ft²
4326 Wesley Terrace, Schiller Park, IL, 60176 Listing by Emilio Bartucci

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tabitha Sorrentino, City Habitat Realty LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 09259193
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 3517 Lonnquist Drive built and last sold?
The property at 3517 Lonnquist Drive was built in 1947 and last sold on Aug 2, 2016 for $198,500.
How much is this home worth?
The estimated value of the home located at 3517 Lonnquist Drive is $197,455.
What are some comparable homes to 3517 Lonnquist Drive?
There are currently no comparable homes to 3517 Lonnquist Drive.
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