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West Chicago 60185
554 ARBOR AVE
$242,000
● House - Off Market

554 ARBOR AVE

WEST CHICAGO, IL 60185
bedrooms
4 Beds
bathrooms
2 Baths
$426,855
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model

About This Property

DARLING 4 BR CAPE COD IN ABSOLUTLEY PERFECT CONDITION. PRETTY TREE-LINED STREET NEAR TRAIN STATION. NEWER FURNACE, CAC, ROOF, HWH, WATER SOFTNER & UPDATED BATHS, JUST ACROSS THE STREET FROM REED PARK & THE AQUATIC CENTER. HURRY & MAKE THIS YOUR COZY HOME.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1953

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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.

Last updated: 2 years ago (MRED MLS #06329492)

Price History

Date / Event Date Event Price
Apr 30, 2007 Sold
Premium
Sold
Nov 2, 2006 Listed by RE/MAX Suburban $249,900
Listed by RE/MAX Suburban

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 768
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLOCH REAL EST
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: BLOCH REAL EST 1ST ADD W CHGO

Neighborhood

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

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-C3
  • Parcel: 04-04-403-013
  • Block: 1
  • Lot: 2
  • Municipality: WINFIELD
  • Latitude: 41.8925
  • Longitude: -88.2047

    Address

  • Full Address: 554 Arbor Ave
  • Address - House Number: 554
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C011
  • 4-Digit Zip Code: 2152
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $620,128
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 299,865
  • High Value: 352,210
  • Low Value: 247,521

    Market Valuation

  • Market Total Value: $214,560
  • Market Land Value: $55,050
  • Market Improvement Value: $159,510

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,520
  • Assessed Land Value: $18,350
  • Assessed Improvements Value: $53,170

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2016
  • Current Sale Recording Date: May 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2016-046248
  • Previous Sale Recording Date: Jun 26, 2007
  • Previous Sale Contract Date: Apr 30, 2007
  • Previous Sale Amount: $242,000
  • 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 West Chicago

Stats & Trends

Median Asking:

$384,950

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2315 ft²

Average Home Age

62.6 years

Currently For Sale

19 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: , RE/MAX Suburban
Last Updated: 2 years ago
Data Source: MRED, MLS# 06329492
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 554 Arbor Avenue built and last sold?
The property at 554 Arbor Avenue was built in 1953 and last sold on May 6, 2016 for $224,000.
How much is this home worth?
The estimated value of the home located at 554 Arbor Avenue is $0.
What are some comparable homes to 554 Arbor Avenue?
There are currently no comparable homes to 554 Arbor Avenue.
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