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Des Plaines 60016
489 Good Avenue
$570,000
● House - Off Market

489 Good Avenue

Des Plaines, IL 60016
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,840 Ft²
$3,546
Est. Monthly
7.48%
Cap Rate

About This Property

Welcome Home! This unique 2800+ sq ft brick ranch has so much to offer! Walk into your large, open, eat in kitchen with stainless steel appliances. 3 beautifully updated bathrooms with one of a kind design features. Vaulted ceilings with plenty of skylights that offer an abundance of natural light. 4 large size bedrooms. Enjoy summer nights in your fully - no maintenance - vinyl fenced yard (2024). Stay warm on cool nights in the hot tub located off the primary bedroom. New Roof and Gutters in 2025! Just a short drive to downtown Des Plaines which has restaurants, shopping and Metra train! Nothing to do but move in!
Unit Size
2,840 Ft²
Days on Market
-
Land Size
-
Price per sqft
$201
Property Type
House
Property Taxes
$746
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 10,134
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 790
  • Total Building Area: 2,840
  • Gross Building Area: 2,840
  • Building Area: 2,840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BESTMANNS ACRES 02
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806002

Geography

  • District: 22
  • Parcel: 09-15-301-020-0000
  • Lot: 1
  • Meridian: SEC 15 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0451
  • Longitude: -87.8621

    Address

  • Full Address: 489 Good Ave
  • Address - House Number: 489
  • Address - Street Name: Good
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C038
  • 4-Digit Zip Code: 4813
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,106,427
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2033
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 488,486
  • High Value: 587,832
  • Low Value: 389,141

    Market Valuation

  • Market Total Value: $430,000
  • Market Land Value: $65,870
  • Market Improvement Value: $364,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,000
  • Assessed Land Value: $6,587
  • Assessed Improvements Value: $36,413

    Sales

  • Current Sale Contract Date: Oct 23, 2019
  • Current Sale Recording Date: Apr 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2011507138
  • Previous Sale Recording Date: Feb 10, 2006
  • Previous Sale Contract Date: Jan 09, 2006
  • Previous Sale Amount: $333,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1623 ft²

Average Home Age

50.7 years

Currently For Sale

110 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 3309 Meadow Lane, Glenview, IL, 60025

$3,950 /mo

  • 2 Beds
  • 2 Baths
  • 1,187 ft²
3309 Meadow Lane, Glenview, IL, 60025 Listing by Rafay Qamar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Megan Hancock, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12369960
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 489 Good Avenue built and last sold?
The property at 489 Good Avenue was built in 1955 and last sold on Oct 23, 2019 for $369,000.
How much is this home worth?
The estimated value of the home located at 489 Good Avenue is $0.
What are some comparable homes to 489 Good Avenue?
There are currently no comparable homes to 489 Good Avenue.
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