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Rolling Meadows 60008
4600 Lincoln Avenue
$285,000
● House - Off Market

4600 Lincoln Avenue

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,607 Ft²
$285,441
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Highest & Best Deadline June 3rd, 7pm. Great ranch with highly rated Fremd High School!  So much larger than it appears, this home includes 3 bedrooms and 1 full bath with double sinks.  Cozy up in the spacious family room with fireplace or unwind in the generously sized living room.  This home also features an eat-in kitchen and a separate dining room for entertaining guests.  Enjoy your morning coffee on the screened porch while looking out to the beautifully landscaped backyard.  Plenty of storage space in the large laundry/mudroom and the detached 2.5 car garage.  Convenient location that's close to everything you're looking for in the perfect neighborhood.  Just a few minutes to the Metra station, Route 53/I-90, plenty of restaurants, parks and more.  Come check out this great home!
Unit Size
1,607 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$174
Property Type
House
Property Taxes
$623
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.

Last updated: 3 years ago (MRED MLS #11410152)

Price History

Date / Event Date Event Price
Jul 8, 2022 Sold
Premium
Sold
May 23, 2022 Listed by Baird & Warner $279,000
Listed by Baird & Warner

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,148
  • Gross Building Area: 1,148
  • Building Area: 1,148
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,148
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLUM GROVE COUNTRYSIDE UNIT3
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (PLUM) GROVE (COUNTRYSIDE) (UNIT3) SUB OF SH NW SEC 26-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804106

Geography

  • District: 29
  • Parcel: 02-26-108-008-0000
  • Lot: 48
  • Meridian: SEC 26 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0912
  • Longitude: -88.0414

    Address

  • Full Address: 4600 Lincoln Ave
  • Legal Unit: 3
  • Address - House Number: 4600
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C003
  • 4-Digit Zip Code: 1124
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $716,769
  • Tax Rate Code Area: 29016

    Appraisal Valuation

  • Standard Deviation: 0.2358
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 322,650
  • High Value: 398,739
  • Low Value: 246,561

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $58,800
  • Market Improvement Value: $211,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $5,880
  • Assessed Improvements Value: $21,120

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18161
  • Previous Sale Recording Date: Dec 04, 2009
  • Previous Sale Contract Date: Nov 10, 2009
  • Previous Sale Amount: $216,500
  • 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 Rolling Meadows

Stats & Trends

Median Asking:

$354,870

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1367 ft²

Average Home Age

52.2 years

Currently For Sale

40 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 670 E Algonquin Road, Schaumburg, IL, 60173

$2,907 /mo

  • 2 Beds
  • 2 Baths
  • 1,130 ft²
670 E Algonquin Road #4208, Schaumburg, IL, 60173 Listing by Cathleen Simboli
Unit for rent at 1933 Song Sparrow Court, Schaumburg, IL, 60173

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
1933 Song Sparrow Court, Schaumburg, IL, 60173 Listing by Jonathan Minerick

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Latasha Chedda, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11410152
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 4600 Lincoln Avenue built and last sold?
The property at 4600 Lincoln Avenue was built in 1963 and last sold on Jun 27, 2022 for $285,000.
How much is this home worth?
The estimated value of the home located at 4600 Lincoln Avenue is $287,988.
What are some comparable homes to 4600 Lincoln Avenue?
There are currently no comparable homes to 4600 Lincoln Avenue.
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