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DuPage 60185
3N551 Oak Road
$80,000
● Land - Off Market

3N551 Oak Road

West Chicago, IL 60185
bedrooms
Studio
bathrooms
0 Bath
$721
Est. Monthly
8.12%
Cap Rate

About This Property

Great opportunity to build your dream home to own this close to a 1.75 acreage on the north side of West Chicago. The lot sits at the end of the street and has lots of potential.
Unit Size
-
Days on Market
-
Land Size
1.69 acres
Price per sqft
-
Property Type
Land
Property Taxes
$181
HOA Dues
-
Year Built
-

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 #11903027)

Price History

Date / Event Date Event Price
Feb 27, 2024 Sold
Premium
Sold
Oct 6, 2023 Listed by Porcayo & Associates Realty $110,000
Listed by Porcayo & Associates Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 73,616
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAYNE TWP SUPERVISORS ASSMT PLAT
  • Land Acres: 0000001690
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: WAYNE TWP SUPERVISORS ASSMT PLAT 1 /EX S 178 FT/

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • School Tax School District: DISTRICT 303
  • Census Tract: 841313

Geography

  • Parcel: 01-30-202-023
  • Municipality: WAYNE
  • Latitude: 41.9245
  • Longitude: -88.2499

    Address

  • Full Address: 3n551 Oak Rd
  • Address - House Number: 3n551
  • Address - Street Name: Oak
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: West Chicago
  • Carrier Code: R012
  • 4-Digit Zip Code: 1166
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $216,668
  • Tax Rate Code Area: 1044

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 93
  • Final Value: 107,880
  • High Value: 116,683
  • Low Value: 99,077

    Market Valuation

  • Market Total Value: $88,290
  • Market Land Value: $88,290

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,430
  • Assessed Land Value: $29,430

    Sales

  • Current Sale Contract Date: Feb 24, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10822
  • Previous Sale Recording Date: Dec 14, 2018
  • Previous Sale Contract Date: Dec 14, 2018
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 55
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 DuPage

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2287 ft²

Average Home Age

43.4 years

Currently For Sale

1504 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

Rentals Near You

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MRED

Listed by: Pedro Porcayo, Porcayo & Associates Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11903027
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 3N551 Oak Road built and last sold?
The property at 3N551 Oak Road was built in and last sold on Feb 24, 2024 for $80,000.
How much is this home worth?
The estimated value of the home located at 3N551 Oak Road is $111,100.
What are some comparable homes to 3N551 Oak Road?
There are currently no comparable homes to 3N551 Oak Road.
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