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McHenry 60050 Lakeland Park
4517 Parkway Avenue
$250,500
● House - Off Market

4517 Parkway Avenue

McHenry, IL 60050
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,718 Ft²
$1,555
Est. Monthly
16.68%
Cap Rate

About This Property

You don't want to miss this charming 5-bedroom, 2-bathroom home! The two bedrooms on the main level have new vinyl flooring along with the laundry room. The laundry room is on the second level near the master bedroom and two other bedrooms. Newer furnace and AC which are zoned per floor. The kitchen and dining room open up to a large deck and spacious fenced in backyard. The house is located one block from the lake & beach; and two blocks from the park w/tennis courts. It is close to the downtown shopping and restaurants. Come see this home and make it yours today!
Unit Size
1,718 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$145
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1955

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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 #11957155)

Price History

Date / Event Date Event Price
Feb 27, 2024 Sold
Premium
Sold
Jan 11, 2024 Listed by Baird & Warner Real Estate - Algonquin $249,900
Listed by Baird & Warner Real Estate - Algonquin

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • 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: 1,004
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,694
  • Building Area: 1,690
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,690
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKELAND PARK
  • Land Acres: 0000000171
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2013R0005022 LT 2 BLK 5 LAKELAND PARK UNIT 4

Neighborhood

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

Geography

  • Parcel: 09-27-205-002
  • Block: 5
  • Lot: 2
  • Municipality: MCHENRY TWP
  • Latitude: 42.3555
  • Longitude: -88.2862

    Address

  • Full Address: 4517 Parkway Ave
  • Legal Unit: 4
  • Address - House Number: 4517
  • Address - Street Name: Parkway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mchenry
  • Carrier Code: C014
  • 4-Digit Zip Code: 3749
  • Zip Code: 60050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $392,600
  • Tax Rate Code Area: 09002

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 91
  • Final Value: 245,364
  • High Value: 269,243
  • Low Value: 221,486

    Market Valuation

  • Market Total Value: $141,987
  • Market Land Value: $21,654
  • Market Improvement Value: $120,333

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,329
  • Assessed Land Value: $7,218
  • Assessed Improvements Value: $40,111

    Sales

  • Current Sale Contract Date: Feb 22, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4861
  • Previous Sale Recording Date: Jan 28, 2013
  • Previous Sale Contract Date: Jan 10, 2013
  • Previous Sale Amount: $107,000
  • 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:

$277,450

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1007 ft²

Average Home Age

60.5 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

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MRED

Listed by: Hilda Jones, Baird & Warner Real Estate - Algonquin
Last Updated: 3 years ago
Data Source: MRED, MLS# 11957155
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 4517 Parkway Avenue built and last sold?
The property at 4517 Parkway Avenue was built in 1955 and last sold on Feb 22, 2024 for $250,500.
How much is this home worth?
The estimated value of the home located at 4517 Parkway Avenue is $252,399.
What are some comparable homes to 4517 Parkway Avenue?
There are currently no comparable homes to 4517 Parkway Avenue.
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