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Brookfield 60513
4223 Grove Avenue
$585,000
● House - Off Market

4223 Grove Avenue

Brookfield, IL 60513
bedrooms
4 Beds
bathrooms
3 Baths
$3,933
Est. Monthly
5.62%
Cap Rate

About This Property

New Water Heater - 2021  New Furnace - 2021  Refinished First Floor Wood Floors - 2021  Added Ejector Pit to Sewer Line - 2021  Basement remodel - 2021  New Garage Windows - 2022  Backyard Landscaping - 2023  Remodeled Pantry - 2024  Added Radon Mitigation System - 2024  New Sump Pump - 2024
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,109
HOA Dues
-
Year Built
1920

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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: 2 years ago (MRED MLS #12292761)

Price History

Date / Event Date Event Price
Apr 4, 2025 Sold
Premium
Sold
Feb 16, 2025 Listed by Andersen Realty Group $575,000
Listed by Andersen Realty Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,450
  • Total Building Area: 1,314
  • Gross Building Area: 1,314
  • Building Area: 1,314
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,314
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROSS THIRD ADD TO GROSSDALE
  • Land Acres: 0000000217
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: S E (GROSS)(THIRD) ADD TO (GROSSDALE) PT OF WH OF NE 1/4 & EH OF NW 1/4 LYING N OF OGDEN AVE EXCEPT RIGHT OF WAY OF C B & QRR

Neighborhood

  • School District Name: Lyons Township High School District 204
  • Census Tract: 819400

Geography

  • District: 21
  • Parcel: 18-03-231-078-0000
  • Block: 89
  • Lot: 36,37
  • Meridian: SEC 03 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.8139
  • Longitude: -87.8411

    Address

  • Full Address: 4223 Grove Ave
  • Address - House Number: 4223
  • Address - Street Name: Grove
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Brookfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 2137
  • Zip Code: 60513

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $666,793
  • Tax Rate Code Area: 21037

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 342,692
  • High Value: 420,943
  • Low Value: 264,442

    Market Valuation

  • Market Total Value: $467,460
  • Market Land Value: $68,510
  • Market Improvement Value: $398,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,746
  • Assessed Land Value: $6,851
  • Assessed Improvements Value: $39,895

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2115406271
  • Previous Sale Recording Date: Apr 08, 2013
  • Previous Sale Contract Date: Mar 22, 2013
  • Previous Sale Amount: $142,500
  • Previous Sale Document Type: 68
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 Brookfield

Stats & Trends

Median Asking:

$413,450

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1251 ft²

Average Home Age

80.4 years

Currently For Sale

28 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 4000 Forest Avenue, IL, 60513

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
4000 Forest Avenue #6, IL, 60513 Listing by Brandon Kurdziel
Unit for rent at 641 8th Avenue, La Grange, IL, 60525

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 2,105 ft²
641 8th Avenue, La Grange, IL, 60525 Listing by Dan Stivers

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eric Andersen, Andersen Realty Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12292761
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 4223 Grove Avenue built and last sold?
The property at 4223 Grove Avenue was built in 1920 and last sold on May 13, 2021 for $477,000.
How much is this home worth?
The estimated value of the home located at 4223 Grove Avenue is $580,750.
What are some comparable homes to 4223 Grove Avenue?
There are currently no comparable homes to 4223 Grove Avenue.
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