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Gurnee 60031
537 PINE GROVE Avenue
$240,000
● House - Off Market

537 PINE GROVE Avenue

GURNEE, IL 60031
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$414,073
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

1st time Offered! This Delightful one Owner was built in 1981 for the current owners. 4-bedrooms, 1.5 baths, 2.5 car attached Garage is coventtly located to Rt. 41 or I-94 off Grand ave. Rare Opportunity to own  this perfect blend of Cozy Living, Choice, Location & Affordable.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$162
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1981

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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
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 39
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 480
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,881
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,208
  • Gross Building Area: 2,308
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEVIES SUB
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: STEVIES SUB LOT 3

Neighborhood

  • School District Name: Gurnee School District 56
  • Census Tract: 861510

Geography

  • District: WARREN
  • Parcel: 07-24-210-008
  • Lot: 3
  • Municipality: TWP OF WARREN
  • Latitude: 42.3677
  • Longitude: -87.8907

    Address

  • Full Address: 537 Pine Grove Ave
  • Address - House Number: 537
  • Address - Street Name: Pine Grove
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Gurnee
  • Carrier Code: C001
  • 4-Digit Zip Code: 2964
  • Zip Code: 60031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $703,148
  • Tax Rate Code Area: 8001

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 273,234
  • High Value: 322,490
  • Low Value: 223,978

    Market Valuation

  • Market Total Value: $242,406
  • Market Land Value: $30,465
  • Market Improvement Value: $211,941

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,794
  • Assessed Land Value: $10,154
  • Assessed Improvements Value: $70,640

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7878810
  • Previous Sale Recording Date: Apr 09, 2007
  • Previous Sale Contract Date: Mar 30, 2007
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 71
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 Gurnee

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$192

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2025 ft²

Average Home Age

38.3 years

Currently For Sale

48 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 10 N Greenleaf Street, Gurnee, IL, 60031

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
10 N Greenleaf Street, Gurnee, IL, 60031 Listing by Rodney Chesser

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Willie Simpson, PSA,SFR, Midwest America Realty, Inc.
Data Source: MRED, MLS# MRD06392859
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 537 Pine Grove Avenue built and last sold?
The property at 537 Pine Grove Avenue was built in 1981 and last sold on Jan 7, 2022 for $230,000.
How much is this home worth?
The estimated value of the home located at 537 Pine Grove Avenue is $0.
What are some comparable homes to 537 Pine Grove Avenue?
There are currently no comparable homes to 537 Pine Grove Avenue.
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