3818 RUBY Street #1E
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by HomeSmart Connect LLC | $185,000 | |
| Listed by HomeSmart Connect LLC | |||
| |||
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Welcome to this bright and move-in-ready first-floor 2-bedroom, 1-bath condo in Schiller Park, offering a comfortable layout and an excellent opportunity for both owner-occupants and investors. The unit features hardwood floors, abundant natural light, recessed lighting, generously sized bedrooms, and a spacious living area. The kitchen offers ample cabinetry and counter space, while in-unit laundry adds everyday convenience. The unit also includes two assigned parking spaces. Investors will appreciate the property's rental-friendly association with no rental restrictions. The condo is currently occupied by a long-term tenant with a lease in place through the end of June 2027, providing immediate rental income and a true turn-key investment opportunity. Current rent is below prevailing market levels, offering potential for increased rental income upon lease renewal, subject to applicable laws and lease terms. Conveniently located near parks, Metra transportation, major highways, schools, shopping, dining, entertainment, and everyday amenities. A well-maintained first-floor condo offering flexibility, convenience, and long-term investment potential.
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| Feb 28, 2015 | Sold | ||
| Sold | |||
| Jan 21, 2015 | Listed by Re/Max 1st | $89,900 | |
| Listed by Re/Max 1st | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/09/2022
|
2 Bed
|
1 Bath
|
900 ft²
|
$120,000
2 Bed
1 Bath
900 ft²
|
$120,000
07/15/2022
|
Joanna Krzepkowska
Keller Williams Success Realty
| |
|
01/21/2015
|
2 Bed
|
1 Bath
|
800 ft²
|
$89,900
2 Bed
1 Bath
800 ft²
|
$84,000
-6.56%
02/28/2015
|
Donna Raven
Re/Max 1st
|
Building Info
About Schiller Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017