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Des Plaines 60016
365 N 5th Avenue
$330,000
● House - Off Market

365 N 5th Avenue

Des Plaines, IL 60016
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,800 Ft²
$375,806
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Motivated Seller!!Beautiful two-story home in a desirable Cumberland neighborhood in North East Des Plaines with 5 bedrooms on the second floor, 4 full baths, a large main-level family room, a fully finished basement, and a 3 car garage (1 car attached and 2 cars detached). Gracious practical floor plan for everyday living and formal entertaining. A perfect location with convenience to everything you would need: Metra, Highways, great schools, shopping centers, and many parks. Come see it!! SOLD-AS-IS.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$127
Property Type
House
Property Taxes
$864
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11683142)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Dec 5, 2022 Listed by Homesmart Connect LLC $355,000
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,351
  • Gross Building Area: 2,351
  • Building Area: 2,351
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,351
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESPLAINES TERRACE UNIT1
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (DESPLAINES) TERRACE (UNIT1) SUB IN PT OF LT 2 IN CON RAD MOEHLINGS SUB IN SECS 7 & 8 SEC 07-41-12

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806103

Geography

  • District: 22
  • Parcel: 09-07-216-009-0000
  • Lot: 2
  • Meridian: SEC 07 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0598
  • Longitude: -87.9055

    Address

  • Full Address: 365 N 5th Ave
  • Legal Unit: 1
  • Address - House Number: 365
  • Street Direction: N
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C048
  • 4-Digit Zip Code: 1157
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,003,525
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 432,462
  • High Value: 531,572
  • Low Value: 333,351

    Market Valuation

  • Market Total Value: $390,000
  • Market Land Value: $58,650
  • Market Improvement Value: $331,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,000
  • Assessed Land Value: $5,865
  • Assessed Improvements Value: $33,135

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33408
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 22, 2019
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71
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 Des Plaines

Stats & Trends

Median Asking:

$399,999

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1678 ft²

Average Home Age

49.9 years

Currently For Sale

99 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 1003 E Golfhurst Avenue, Mount Prospect, IL, 60056

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
1003 E Golfhurst Avenue, Mount Prospect, IL, 60056 Listing by Christian Searles

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sufiyan Patel, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11683142
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 365 North 5th Avenue built and last sold?
The property at 365 North 5th Avenue was built in 1962 and last sold on Jan 13, 2023 for $330,000.
How much is this home worth?
The estimated value of the home located at 365 North 5th Avenue is $0.
What are some comparable homes to 365 North 5th Avenue?
There are currently no comparable homes to 365 North 5th Avenue.
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