$359,000
●
House -
Off Market
3525 Elder Lane
Franklin Park, IL 60131
3 Beds
2 Baths
1,313 Ft²
$426,478
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
LARGE, UPDATED AND WELL MAINTAINED BRICK RANCH, SITUATED ON LARGE
LOT. HOME FEATURES: LIVING ROOM WITH WOOD BURNING FIRE PLACE,
RENOVATED KITCHEN WITH CUSTOM CABINETS, GRANIT COUNTERS AND CERAMIC
FLOORS. DINING ROOM OVERLOOKING BACK YARD. 3 BEDS/1 BATH ON 1ST
FLOOR PLUS ADDITIONAL BEDROOM AND FULL BATH IN BASEMENT.
NEWLY FINISHED LOWER LEVEL WITH SPRAY ON INSULATION HEATED
FLOORS! HUGE FAMILY ROOM WITH ANOTHER WOOD BURNING FIREPLACE
AND WET BAR. TWO HEATING SYSTEMS(RADIANT AND FORCED AIR WITH AC).
NEW ROOF(RAFTERS, SHEETING AND SHINGLES). SIDE DRIVE LEADS TO 2.5
CAR HEATED GARAGE WITH OVERHEAD DOORS ON BOTH SIDES, NEW SIDING AND
ROOF. LARGE DECK FOR ENTERTAINMENT. SECURITY CAMERA SYSTEM AND
MORE.
Unit Size
1,313 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$281
Property Type
House
Property Taxes
$485
HOA Dues
-
Year Built
1959
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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 #11082415)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2022 | Sold | ||
| Sold | |||
| Oct 24, 2022 | Listed by RE/MAX City | $379,000 | |
| Listed by RE/MAX City | |||
| | |||
|
LARGE, UPDATED AND WELL MAINTAINED BRICK RANCH, SITUATED ON LARGE LOT. HOME FEATURES: LIVING ROOM WITH WOOD BURNING FIRE PLACE, RENOVATED KITCHEN WITH CUSTOM CABINETS, GRANIT COUNTERS AND CERAMIC FLOORS. DINING ROOM OVERLOOKING BACK YARD. 3 BEDS/1 BATH ON 1ST FLOOR PLUS ADDITIONAL BEDROOM AND FULL BATH IN BASEMENT. NEWLY FINISHED LOWER LEVEL WITH SPRAY ON INSULATION HEATED FLOORS! HUGE FAMILY ROOM WITH ANOTHER WOOD BURNING FIREPLACE AND WET BAR. TWO HEATING SYSTEMS(RADIANT AND FORCED AIR WITH AC). NEW ROOF(RAFTERS, SHEETING AND SHINGLES). SIDE DRIVE LEADS TO 2.5 CAR HEATED GARAGE WITH OVERHEAD DOORS ON BOTH SIDES, NEW SIDING AND ROOF. LARGE DECK FOR ENTERTAINMENT. SECURITY CAMERA SYSTEM AND MORE.
| |||
| Jul 13, 2021 | Sold | ||
| Sold | |||
| May 10, 2021 | Listed by Rafalo & Rafalo Realty Group Inc | $369,000 | |
| Listed by Rafalo & Rafalo Realty Group Inc | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
Closing Price
Sold On
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HOA + Taxes
About Franklin Park
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Listed by: Greg Rafalo, Rafalo & Rafalo Realty Group Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11082415
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# 11082415
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