493 McHENRY Road #3B
About This Property
The manager has listed the unit size as 900 square feet.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Oct 24, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 2, 2025 | Listed | $170,000 | |
| Listed | |||
| | |||
|
Why rent when you can own this spacious and updated 2-bedroom, 1-bath condo in a prime Wheeling location? This well-maintained unit features a large kitchen with maple cabinets, granite countertops, a built-in granite breakfast bar, stainless steel appliances, a garbage disposal, ceramic tile flooring, and a ceiling fan. The living room, dining room, and both bedrooms boast beautiful Brazilian cherry hardwood floors-no carpet throughout the home. The bathroom is clean and functional, with ample storage space. A sliding glass door opens to a large private balcony offering a serene courtyard view, perfect for morning coffee or evening relaxation. The condo includes two assigned parking spaces (40 and #46), as well as plenty of guest parking. Located in a quiet and friendly neighborhood, this unit is ideally situated within the complex, offering a full view of the beautifully maintained courtyard. With its desirable location and move-in-ready condition, this home presents a rare opportunity that won't last long. Just minutes from shopping, major highways, the Metra station, and the Wheeling Park District, which features an indoor pool, fitness center, and outdoor water park. A park and playground are conveniently located just across the street. This is a wonderful opportunity to own a comfortable, well-cared-for home in a sought-after community.
| |||
| Aug 13, 2025 | Price Decreased |
$185,000
↓ $15K
(7.5%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/04/2025
|
2 Bed
|
1 Bath
|
900 ft²
|
$200,000
2 Bed
1 Bath
900 ft²
|
-
-
|
Al Rautbort
Keller Williams Thrive
| |
|
06/05/2025
|
1 Bed
|
1 Bath
|
660 ft²
|
$159,900
1 Bed
1 Bath
660 ft²
|
-
-
|
Selena Cuevas
Compass
| |
|
08/12/2019
|
2 Bed
|
1 Bath
|
900 ft²
|
$110,000
2 Bed
1 Bath
900 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017