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Chicago 60641 Cragin
5251 W NELSON
$345,000
● House - Off Market

5251 W NELSON

CHICAGO, IL 60641
bedrooms
5 Beds
bathrooms
3 Baths
$614,747
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model

About This Property

CLASSIC CHICAGO BRK BUNGALOW IN BELMONT/CRAGIN, ESTATE SOLD "AS-IS", LRG RMS, SUN ROOM W/SLIDING DOORS TO DECK, 2ND FL KITCHEN, 2 C GARAGE, HDWD UNDER CARPET, 3BR 1ST FLR, 2BR 2ND FL. NEITHER AGENT OR OWNER REPRESENT LEGALLY OF 2ND FLR APT.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1932

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • 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: 34
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 3
  • 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: 2,824
  • Gross Building Area: 2,824
  • Building Area: 2,824
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,824
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HULBERT FULLERTON AVE HIGHLANDS SUB NUMB
  • Land Acres: 0000000086
  • Standard Land Use Code: 1112
  • County Land Use Code: 2-11
  • Legal Description 1: (HULBERT) (FULLERTON) AVE HIGHLANDS SUB (NUMBER25) SEC 28-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 190300

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-28-121-003-0000
  • Lot: 18
  • Meridian: SEC 28 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9348
  • Longitude: -87.7586

    Address

  • Full Address: 5251 W Wellington Ave
  • Address - House Number: 5251
  • Street Direction: W
  • Address - Street Name: Wellington
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C052
  • 4-Digit Zip Code: 4982
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $395,747
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 447,064
  • High Value: 561,297
  • Low Value: 332,830

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $56,250
  • Market Improvement Value: $323,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $5,625
  • Assessed Improvements Value: $32,375

    Sales

  • Current Sale Contract Date: Nov 13, 1997
  • Current Sale Recording Date: May 15, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98404562
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

1212 ft²

Average Home Age

78.5 years

Currently For Sale

783 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 4414 N Nagle Avenue, Harwood Heights, IL, 60706

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,248 ft²
4414 N Nagle Avenue, Harwood Heights, IL, 60706 Listing by Brendan Murphy
Unit for rent at 2443 N Kildare, CHICAGO, IL, 60639

$4,100 /mo

  • 4 Beds
  • 2,000 ft²
2443 N Kildare #1F, CHICAGO, IL, 60639 Listing by Joshua Berngard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Fran McGinnis, GRI, Coldwell Banker Residential
Data Source: MRED, MLS# MRD06299864
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 5251 West Nelson Street built and last sold?
The property at 5251 West Nelson Street was built in 1932 and last sold on Nov 13, 1997 for $200,000.
How much is this home worth?
The estimated value of the home located at 5251 West Nelson Street is $569,563.
What are some comparable homes to 5251 West Nelson Street?
There are currently no comparable homes to 5251 West Nelson Street.
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