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Des Plaines 60016
368 Graceland Avenue
$115,000
● Land - Off Market

368 Graceland Avenue

Des Plaines, IL 60016
bedrooms
Studio
bathrooms
0 Bath
$685
Est. Monthly
8.32%
Cap Rate

About This Property

Great opportunity with endless possibilities. 6,000 square feet (48 feet frontage on Graceland) zoned R-3 Townhouse Residential District (residential environment for townhouses and multiple-family dwellings), Conveniently located blocks from the Metra station, down town Des Plaines, minutes to all major expressways and O'Hare International Airport.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$100
HOA Dues
-
Year Built
1920

Payment Calculator

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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 #11743712)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Mar 23, 2023 Listed by Coldwell Banker Realty $119,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Full Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 480
  • Total Building Area: 0
  • Building Area: 928
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 928
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MECHANICS ADD TO DESPLAINES ALLES
  • Land Acres: 0000000138
  • Standard Land Use Code: 8000
  • County Land Use Code: 1-00
  • Legal Description 1: (MECHANICS) ADD TO (DESPLAINES) (ALLES) SUB OF S 15 A CS WH NE SEC 17-41-12

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806201

Geography

  • District: 22
  • Parcel: 09-17-211-021-0000
  • Block: 4
  • Lot: 9,8
  • Meridian: SEC 17 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0465
  • Longitude: -87.8897

    Address

  • Full Address: 368 Graceland Ave
  • Address - House Number: 368
  • Address - Street Name: Graceland
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C027
  • 4-Digit Zip Code: 4437
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $100,349
  • Tax Rate Code Area: 22028

    Market Valuation

  • Market Total Value: $39,000
  • Market Land Value: $39,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,900
  • Assessed Land Value: $3,900

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Jan 03, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13224
  • Previous Sale Recording Date: Apr 29, 2015
  • Previous Sale Contract Date: Apr 20, 2015
  • Previous Sale Amount: $95,000
  • 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:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1631 ft²

Average Home Age

50.1 years

Currently For Sale

105 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

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MRED

Listed by: Anthony Nasca, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11743712
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 368 Graceland Avenue built and last sold?
The property at 368 Graceland Avenue was built in 1920 and last sold on Dec 28, 2023 for $115,000.
How much is this home worth?
The estimated value of the home located at 368 Graceland Avenue is $120,190.
What are some comparable homes to 368 Graceland Avenue?
There are currently no comparable homes to 368 Graceland Avenue.
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