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Brookfield 60513
3518 Madison Avenue
$430,000
● House - Off Market

3518 Madison Avenue

Brookfield, IL 60513
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$422,015
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Multiple Offers!!! Highest and Best Due 10/25/22 at 5pm!!!!   Beautifully updated!  5-bedroom, 2-bathroom home with gorgeous hardwood floors throughout the first floor.  The main level offers a modern kitchen with white shaker cabinets, stainless steel appliances, and quartz countertops. The lower level is completely finished with a generously sized family room, bedroom, laundry room, second full bath, and a bounce room that could be used as a gym or office.  Follow the newer carpeted stairs to a massive suite with spacious closet space and a bonus room that could be used as a yoga/meditation room, or extra work space! The property sits on a huge double lot and is ready to move in!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$200
Property Type
House
Property Taxes
$704
HOA Dues
-
Year Built
1926

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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 #11658165)

Price History

Date / Event Date Event Price
Nov 18, 2022 Sold
Premium
Sold
Oct 20, 2022 Listed by George Flannick $399,900
Listed by George Flannick

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 1,325
  • Gross Building Area: 1,325
  • Building Area: 1,325
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,325
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORTIA MANOR
  • Land Acres: 0000000172
  • 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: 15-34-305-017-0000
  • Meridian: SEC 34 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8266
  • Longitude: -87.8542

    Address

  • Full Address: 3518 Madison Ave
  • Address - House Number: 3518
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Brookfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1235
  • Zip Code: 60513

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $894,085
  • Tax Rate Code Area: 31054

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 373,558
  • High Value: 459,009
  • Low Value: 288,107

    Market Valuation

  • Market Total Value: $306,610
  • Market Land Value: $56,250
  • Market Improvement Value: $250,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,661
  • Assessed Land Value: $5,625
  • Assessed Improvements Value: $25,036

    Sales

  • Current Sale Contract Date: Nov 17, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49149
  • Previous Sale Recording Date: Feb 19, 2020
  • Previous Sale Contract Date: Feb 05, 2020
  • Previous Sale Amount: $101,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

$276

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1225 ft²

Average Home Age

83.8 years

Currently For Sale

26 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 4000 Forest Avenue, IL, 60513

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
4000 Forest Avenue #6, IL, 60513 Listing by Brandon Kurdziel
Unit for rent at 641 8th Avenue, La Grange, IL, 60525

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 2,105 ft²
641 8th Avenue, La Grange, IL, 60525 Listing by Dan Stivers

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: George Flannick, George Flannick
Last Updated: 3 years ago
Data Source: MRED, MLS# 11658165
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 3518 Madison Avenue built and last sold?
The property at 3518 Madison Avenue was built in 1926 and last sold on Nov 17, 2022 for $430,000.
How much is this home worth?
The estimated value of the home located at 3518 Madison Avenue is $0.
What are some comparable homes to 3518 Madison Avenue?
There are currently no comparable homes to 3518 Madison Avenue.
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