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Rolling Meadows 60008
4511 Kirchoff Road
$133,000
● Land - Off Market

4511 Kirchoff Road

Rolling Meadows, IL 60067
bedrooms
Studio
bathrooms
0 Bath
$186,440
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Attention Developers/Investors, don't miss your chance! Residential vacant land with great investment opportunity. Wooded lot! Build your dream home on this 198' X 295' timbered lot. Over 300' deep with the frontage at over 500'. Close to Plum Grove Jr High, shopping and Rt 53. Home is in tear down condition. Home included are "as is" Sewer and water to property.
Unit Size
-
Days on Market
-
Land Size
1.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$856
HOA Dues
-
Year Built
1933

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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.

Last updated: 3 years ago (MRED MLS #10990997)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Feb 9, 2021 Listed by Keller Williams Preferred Rlty $185,000
Listed by Keller Williams Preferred Rlty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • 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: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,000
  • Total Building Area: 1,271
  • Gross Building Area: 1,271
  • Building Area: 1,271
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,271
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSH & COS PALATINE ESTATES UNIT3
  • Land Acres: 0000001377
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: A.T.(MCINTOSH) & COS (PALATINE) ESTATES (UNIT3) SUB O F PTS OF SECS 26 & SEC 27-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804000

Geography

  • District: 29
  • Parcel: 02-26-302-023-0000
  • Block: 41
  • Lot: 2,3
  • Meridian: SEC 27 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0852
  • Longitude: -88.0401

    Address

  • Full Address: 4511 Kirchoff Rd
  • Legal Unit: 3
  • Address - House Number: 4511
  • Address - Street Name: Kirchoff
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rolling Meadows
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $699,760
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 29016

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 235,034
  • High Value: 289,118
  • Low Value: 180,949

    Market Valuation

  • Market Total Value: $230,200
  • Market Land Value: $115,200
  • Market Improvement Value: $115,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,020
  • Assessed Land Value: $11,520
  • Assessed Improvements Value: $11,500

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6157
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 Rolling Meadows

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1442 ft²

Average Home Age

55.3 years

Currently For Sale

48 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: Ron Wexler, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 10990997
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 4511 Kirchoff Road built and last sold?
The property at 4511 Kirchoff Road was built in 1933 and last sold on May 13, 2022 for $65,333.
How much is this home worth?
The estimated value of the home located at 4511 Kirchoff Road is $186,850.
What are some comparable homes to 4511 Kirchoff Road?
There are currently no comparable homes to 4511 Kirchoff Road.
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