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Addison 60101
4N425 N 7th Avenue
$320,000
● House - Off Market

4N425 N 7th Avenue

Addison, IL 60101
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,098 Ft²
$2,023
Est. Monthly
8.30%
Cap Rate

About This Property

Welcome to this spacious raised ranch offering a great layout and endless potential! The home features a generous living room, formal dining area, and a cozy kitchen ready for your personal touch. You'll find three well-sized bedrooms and a full bathroom on the main level. The lower level includes a large family room with direct access to the backyard-perfect for entertaining or relaxing. A two-car garage adds to the convenience. A fantastic opportunity to create the home of your dreams!
Unit Size
1,098 Ft²
Days on Market
-
Land Size
-
Price per sqft
$305
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1975

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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: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 155
  • Lot Size Frontage Feet: 101
  • Total Building Area: 2,496
  • Gross Building Area: 2,496
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRAUES LAKE TERR
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: GRAUES LAKE TERR & 1/2 VAC ALLEY ADJ ON N

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840303

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-C4
  • Parcel: 03-20-114-009
  • Block: 10
  • Lot: 12
  • Municipality: ADDISON
  • Latitude: 41.9418
  • Longitude: -88.0129

    Address

  • Full Address: 4n425 7th Ave
  • Address - House Number: 4n425
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Addison
  • Carrier Code: R003
  • 4-Digit Zip Code: 2051
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $451,120
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 76
  • Final Value: 290,011
  • High Value: 341,778
  • Low Value: 238,244

    Market Valuation

  • Market Total Value: $235,170
  • Market Land Value: $90,780
  • Market Improvement Value: $144,390

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,390
  • Assessed Land Value: $30,260
  • Assessed Improvements Value: $48,130

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2017
  • Current Sale Recording Date: Nov 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017-113204

    Financing

  • First Mortgage Financing Type: UNK
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 Addison

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1898 ft²

Average Home Age

39 years

Currently For Sale

45 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: Airel Hermosillo, Smart Home Realty
Data Source: MRED, MLS# MRD12398693
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 4N425 7th Avenue built and last sold?
The property at 4N425 7th Avenue was built in 1975 and last sold on Oct 12, 2017 for $190,000.
How much is this home worth?
The estimated value of the home located at 4N425 7th Avenue is $0.
What are some comparable homes to 4N425 7th Avenue?
There are currently no comparable homes to 4N425 7th Avenue.
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