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McHenry 60050 Lakeland Park
4418 Parkway
$132,000
● House - Off Market

4418 Parkway

MCHENRY, IL 60050
bedrooms
2 Beds
bathrooms
1 Bath
$261,559
RealtyHop Estimate
95.19%
Since Oct 1, 2008
National-US
Primary Model

About This Property

Why rent when you can own??? 2 Bedroom Ranch on large lot with attached garage. Well maintained home that is walking distance to Beach and Park. Spacious room sizes,Hardwood Floors under carpeting, the possibilities are endless. If you are just starting out or down sizing this is the home for you. All this and a HWA Home Warranty for buyers peace of mind. Don't miss this opportunity to own a home of your own.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$204
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 912
  • Garage Type: 7
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,824
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKELAND PARK
  • Land Acres: 0000000185
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2023R0001263 LT 18 BLK 4 LAKELAND PARK UNIT 4

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870603

Geography

  • Parcel: 09-27-203-022
  • Block: 4
  • Lot: 18
  • Municipality: MCHENRY TWP
  • Latitude: 42.3559
  • Longitude: -88.2847

    Address

  • Full Address: 4418 Parkway Ave
  • Legal Unit: 4
  • Address - House Number: 4418
  • Address - Street Name: Parkway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C014
  • 4-Digit Zip Code: 3782
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $364,938
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 169,867
  • High Value: 186,387
  • Low Value: 153,346

    Market Valuation

  • Market Total Value: $133,251
  • Market Land Value: $23,334
  • Market Improvement Value: $109,917

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,417
  • Assessed Land Value: $7,778
  • Assessed Improvements Value: $36,639

    Sales

  • Current Sale Contract Date: Dec 27, 2022
  • Current Sale Recording Date: Jan 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1263
  • Previous Sale Recording Date: Oct 10, 2008
  • Previous Sale Contract Date: Sep 26, 2008
  • Previous Sale Amount: $132,000
  • 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 Lakeland Park

Stats & Trends

Median Asking:

$272,450

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1117 ft²

Average Home Age

59 years

Currently For Sale

2 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 504 Cartwright Trail, McHenry, IL, 60050

$2,999 /mo

  • 3 Beds
  • 2 Baths
  • 3,123 ft²
504 Cartwright Trail, McHenry, IL, 60050 Listing by Kimberly Schmidt

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheila Thomas, Berkshire Hathaway HomeServices Starck Real Estate
Data Source: MRED, MLS# MRD06821243
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 4418 Parkway Avenue built and last sold?
The property at 4418 Parkway Avenue was built in 1963 and last sold on Dec 27, 2022 for $90,000.
How much is this home worth?
The estimated value of the home located at 4418 Parkway Avenue is $120,190.
What are some comparable homes to 4418 Parkway Avenue?
There are currently no comparable homes to 4418 Parkway Avenue.
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