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Chicago 60641 Portage Park
5111 W Grace Street
$420,000
● House - Off Market

5111 W Grace Street

CHICAGO, IL 60641
bedrooms
4 Beds
bathrooms
3 Baths
$700,940
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Spectacular rehab of a brick bungalow with second story addition on an oversized lot. Spacious home with lots of storage and walnut stained hardwood floors throughout, designer paint and custom trim. A chef's kitchen with granite counter tops, stainless steel appliances, tiled backsplash & custom white cabinets with side breakfast room. Beautiful and classic white marble master bath. Huge finished basement with full bath and laundry. Large backyard with brick paver patio and a 2 car garage. The house is only steps to Portage Park one of the largest in the city. This is the perfect home to call home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1921

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #09500193)

Price History

Date / Event Date Event Price
Apr 6, 2017 Sold
Premium
Sold
Feb 10, 2017 Listed by Berkshire Hathaway HomeServices KoenigRubloff $429,900
Listed by Berkshire Hathaway HomeServices KoenigRubloff

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 990
  • Gross Building Area: 990
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK ADD
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (WEDELLS) RESUB OF LT 11 IN KOESTER & ZANDERS GRAYLAN D PARK ADD TO IRVING PARK SUB OF LT 1 IN CIRCUIT COURT PARTITION IN SEC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 150800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-21-216-014-0000
  • Lot: 11
  • Meridian: SEC 21 TWN 40N RNG 01E
  • Municipality: JEFFERSON
  • Latitude: 41.9494
  • Longitude: -87.7551

    Address

  • Full Address: 5111 W Grace St
  • Address - House Number: 5111
  • Street Direction: W
  • Address - Street Name: Grace
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C057
  • 4-Digit Zip Code: 3453
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $547,008
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 399,765
  • High Value: 491,048
  • Low Value: 308,483

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $105,000
  • Market Improvement Value: $195,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $10,500
  • Assessed Improvements Value: $19,500

    Sales

  • Current Sale Contract Date: Apr 06, 2017
  • Current Sale Recording Date: Apr 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1710008041
  • Previous Sale Recording Date: Jun 05, 2002
  • Previous Sale Contract Date: May 10, 2002
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 27

    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 Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1210 ft²

Average Home Age

78.3 years

Currently For Sale

766 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: , Berkshire Hathaway HomeServices KoenigRubloff
Last Updated: 3 years ago
Data Source: MRED, MLS# 09500193
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 5111 West Grace Street built and last sold?
The property at 5111 West Grace Street was built in 1921 and last sold on Apr 6, 2017 for $420,000.
How much is this home worth?
The estimated value of the home located at 5111 West Grace Street is $0.
What are some comparable homes to 5111 West Grace Street?
There are currently no comparable homes to 5111 West Grace Street.
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