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West Chicago 60185
522 ELITE Avenue
$249,900
● House - Off Market

522 ELITE Avenue

WEST CHICAGO, IL 60185
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,300 Ft²
$430,763
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

METICULOUSLY MAINTAINED HOME ON HUGE LOT. KITCHEN REMODEL INCLUDES CORIAN COUNTERS, CERAMIC TILE FLOORS AND OPENS TO SPACIOUS EAT-IN AREA. HDWD FLOORS THRUOUT; STONE WOOD BURNING FIREPLACE IN FAMILY ROOM; HUGE FENCED-IN YARD; 38X20 DECK WITH HOT TUB; 1 CAR ATTACHED GARAGE PLUS 2.5 CAR DETACHED; ROOF ONLY 3 YRS OLD. NEAR METRA AND SCHOOLS!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1955

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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: 2 years ago (MRED MLS #06408463)

Price History

Date / Event Date Event Price
Jul 25, 2007 Sold
Premium
Sold
Feb 12, 2007 Listed by Baird & Warner, Inc. $249,900
Listed by Baird & Warner, Inc.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,276
  • Garage Type: 7
  • Garage Square Area: 704
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,552
  • Gross Building Area: 2,552
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBIA PARK
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: COLUMBIA PARK ADD

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841501

Zoning

  • Zoning: R

Geography

  • Parcel: 04-03-303-016
  • Block: 2
  • Lot: M
  • Municipality: WINFIELD
  • Latitude: 41.8918
  • Longitude: -88.1996

    Address

  • Full Address: 522 Elite Ave
  • Address - House Number: 522
  • Address - Street Name: Elite
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C011
  • 4-Digit Zip Code: 2112
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $843,684
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.2282
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 282,502
  • High Value: 346,975
  • Low Value: 218,029

    Market Valuation

  • Market Total Value: $285,420
  • Market Land Value: $87,390
  • Market Improvement Value: $198,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $95,140
  • Assessed Land Value: $29,130
  • Assessed Improvements Value: $66,010

    Sales

  • Current Sale Contract Date: Jan 05, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10811
  • Previous Sale Recording Date: Sep 01, 2016
  • Previous Sale Contract Date: Jul 01, 2016
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 68
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 West Chicago

Stats & Trends

Median Asking:

$384,450

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2007 ft²

Average Home Age

72.1 years

Currently For Sale

14 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 924 Ainsley Drive, West Chicago, IL, 60185

$2,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,584 ft²
924 Ainsley Drive, West Chicago, IL, 60185 Listing by Rocco LaMantia

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Baird & Warner, Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 06408463
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 522 Elite Avenue built and last sold?
The property at 522 Elite Avenue was built in 1955 and last sold on Jan 5, 2022 for $250,000.
How much is this home worth?
The estimated value of the home located at 522 Elite Avenue is $0.
What are some comparable homes to 522 Elite Avenue?
There are currently no comparable homes to 522 Elite Avenue.
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