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Aurora 60506 Near West Galena
541 N May Street
$235,000
● House - Off Market

541 N May Street

Aurora, IL 60506
bedrooms
2 Beds
bathrooms
1 Bath
$1,418
Est. Monthly
10.50%
Cap Rate

About This Property

Single family bungalow type home offering a living room, separate dining room, kitchen with all appliances and two bedrooms & one full bath. The finished attic could be used as a play room for the little ones and the unfinished, but clean basement offers plenty of storage space. No garage, but has the room to build one. The driveway is Shared, but offers parking space towards the back. Come & see it today...
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1929

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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.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,930
  • Lot Size Depth Feet: 420
  • Lot Size Frontage Feet: 1,650
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAY PLACE ADD
  • Land Acres: 0000000159
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: MAY PLACE ADD : N 22 FT LOT 35 & S 20 FT : LOT 36 BLK 1

Neighborhood

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

Geography

  • Parcel: 15-16-453-016
  • Block: 1
  • Lot: 35,36
  • Municipality: AURORA
  • Latitude: 41.7685
  • Longitude: -88.3268

    Address

  • Full Address: 541 N May St
  • Address - House Number: 541
  • 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: $315,130
  • Tax Rate Code Area: AU005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 177,982
  • High Value: 202,704
  • Low Value: 153,259

    Market Valuation

  • Market Total Value: $106,843
  • Market Land Value: $19,463
  • Market Improvement Value: $87,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,600
  • Assessed Land Value: $6,485
  • Assessed Improvements Value: $29,115

    Sales

  • Current Sale Contract Date: Feb 27, 2012
  • Current Sale Recording Date: Mar 14, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012K016170
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

51

Average Home Size

1270 ft²

Average Home Age

109.3 years

Currently For Sale

3 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 319 S Buell Avenue, Aurora, IL, 60506

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,207 ft²
319 S Buell Avenue, Aurora, IL, 60506 Listing by Amanda Brooks

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jose Gonzalez, Keller Williams Innovate
Data Source: MRED, MLS# MRD12417613
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 541 North May Street built and last sold?
The property at 541 North May Street was built in 1929 and last sold on Feb 27, 2012 for $32,000.
How much is this home worth?
The estimated value of the home located at 541 North May Street is $232,300.
What are some comparable homes to 541 North May Street?
There are currently no comparable homes to 541 North May Street.
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