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Elmhurst 60126
397 S Rex Boulevard
$380,000
● Land - Off Market

397 S Rex Boulevard

Elmhurst, IL 60126
bedrooms
Studio
bathrooms
0 Bath
$403,013
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

(NEW) LINCOLN GRADE SCHOOL | 62 X 140 (BUILDABLE LOT) | CORNER LOT | ENDLESS POTENTIAL | GREAT AREA | STEPS TO SPRING ROAD, BARS, RESTAURANTS, SHOPS, PRAIRIE PATH, ALMOST COMPLETED (STATE OF THE ART) LINCOLN GRADE SCHOOL, YORK HIGH SCHOOL, AND MUSH MORE.. PERFECT LOT FOR A THREE CAR GARAGE!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$340
HOA Dues
-
Year Built
1923

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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 #11350195)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by @properties Christie's International Real Estate $399,900
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 896
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 140
  • Lot Size Frontage Feet: 62
  • Total Building Area: 1,896
  • Gross Building Area: 1,896
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERTSON & YOUNGS 4TH SPRG RD ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ROBERTSON & YOUNGS 4TH SPRING RD ADD N 62.5 FT

Neighborhood

  • School District Name: Elmhurst School District 205
  • School Tax School District: DISTRICT 205
  • Census Tract: 843900

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3027-D3
  • Parcel: 06-11-105-001
  • Lot: 268
  • Municipality: YORK
  • Latitude: 41.8889
  • Longitude: -87.9579

    Address

  • Full Address: 397 S Rex Blvd
  • Address - House Number: 397
  • Street Direction: S
  • Address - Street Name: Rex
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Elmhurst
  • Carrier Code: C052
  • 4-Digit Zip Code: 3720
  • Zip Code: 60126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $599,650
  • Tax Rate Code Area: 6046

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 376,479
  • High Value: 435,656
  • Low Value: 317,301

    Market Valuation

  • Market Total Value: $329,670
  • Market Land Value: $274,020
  • Market Improvement Value: $55,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $109,890
  • Assessed Land Value: $91,340
  • Assessed Improvements Value: $18,550

    Sales

  • Current Sale Contract Date: Mar 30, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20639
  • Previous Sale Recording Date: Jun 01, 2022
  • Previous Sale Contract Date: May 27, 2022
  • Previous Sale Amount: $380,000
  • 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 Elmhurst

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$367

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2653 ft²

Average Home Age

45.6 years

Currently For Sale

83 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: Tim Schiller, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11350195
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 397 South Rex Boulevard built and last sold?
The property at 397 South Rex Boulevard was built in 1923 and last sold on Mar 30, 2023 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 397 South Rex Boulevard is $0.
What are some comparable homes to 397 South Rex Boulevard?
There are currently no comparable homes to 397 South Rex Boulevard.
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