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Aurora 60506 Near West Galena
527 N MAY
$109,900
● House - Off Market

527 N MAY

AURORA, IL 60506
bedrooms
3 Beds
bathrooms
2 Baths
$187,721
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model

About This Property

PERFECT HOME FOR REHAB, INVESTOR, FIRST-TIME BUYER, HANDYMAN OR RENTAL. NEEDS WORK BUT HAS TONS OF POTENTIAL.  AGENTS NOTE CC!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
1927

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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

Parking Available

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,270
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAY PLACE ADDN
  • Land Acres: 0000000144
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: MAY PLACE ADDN : N 25 FT LOT 32 & S 13 FT : LOT 33 BLK 1 LOT DIMENSIONS: 38 X 165 APPROX LOT SQ FT 6270 SUBDIVISION: SECTION 16 - SE 1/4 RANGE CODE: 001

Neighborhood

  • School District Name: Aurora West Unit School District 129
  • Census Tract: 853200

Geography

  • Section: 16
  • Parcel: 15-16-453-020
  • Block: 1
  • Lot: 32,33
  • Municipality: AURORA
  • Latitude: 41.7681
  • Longitude: -88.3268

    Address

  • Full Address: 527 N May St
  • Address - House Number: 527
  • Street Direction: N
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: IL
  • City Name: Aurora
  • Carrier Code: C005
  • 4-Digit Zip Code: 2945
  • Zip Code: 60506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $327,256
  • Tax Rate Code Area: AU005

    Appraisal Valuation

  • Standard Deviation: 0.0873
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 218,077
  • High Value: 237,130
  • Low Value: 199,024

    Market Valuation

  • Market Total Value: $110,954
  • Market Land Value: $19,463
  • Market Improvement Value: $91,492

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,970
  • Assessed Land Value: $6,485
  • Assessed Improvements Value: $30,485

    Sales

  • Current Sale Contract Date: Feb 22, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8620
  • Previous Sale Recording Date: Apr 25, 2007
  • Previous Sale Contract Date: Apr 05, 2007
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 27
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 Near West Galena

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1272 ft²

Average Home Age

110 years

Currently For Sale

5 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

Rentals Near You

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MRED

Listed by: John Hoffman, Whyrent Real Estate Company
Data Source: MRED, MLS# MRD06420485
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 527 North May Street built and last sold?
The property at 527 North May Street was built in 1927 and last sold on Feb 22, 2024 for $200,000.
How much is this home worth?
The estimated value of the home located at 527 North May Street is $0.
What are some comparable homes to 527 North May Street?
There are currently no comparable homes to 527 North May Street.
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