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Des Plaines 60018
565 Cordial Drive
$330,000
● House - Off Market

565 Cordial Drive

Des Plaines, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,498 Ft²
$347,644
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Location, location, location!! Desirable Des Plaines ranch on lovely tree lined street now available!! You won't believe the open space in this kitchen! Generous size living room as well with sliding glass doors leading out to your private backyard and patio. Spacious master bedroom with large double closets and master bath with walk shower. Huge basement with high ceilings and wet bar for entertaining. Updated plumbing, and laundry area and extra "bedroom" in the basement has been started and waiting for your finishing touches!
Unit Size
1,498 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$227
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1966

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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.

Last updated: 3 years ago (MRED MLS #11372673)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
Apr 12, 2022 Listed by Cove Real Estate Group $339,800
Listed by Cove Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 1,498
  • Gross Building Area: 1,498
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEVONSHIRE WEST
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: LOT 2 IN DEVONSHIRE WEST PART SW4 O F SEC24 T41N R11E 3P

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-302-060-0000
  • Lot: 2
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0257
  • Longitude: -87.9356

    Address

  • Full Address: 565 Cordial Dr
  • Address - House Number: 565
  • Address - Street Name: Cordial
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C006
  • 4-Digit Zip Code: 5505
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $698,758
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 370,381
  • High Value: 455,172
  • Low Value: 285,591

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $67,500
  • Market Improvement Value: $282,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $6,750
  • Assessed Improvements Value: $28,250

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Aug 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 19170
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1640 ft²

Average Home Age

52.3 years

Currently For Sale

110 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 529 E Lincoln Street, Mount Prospect, IL, 60056

$2,700 /mo

  • 3 Beds
  • 1 Bath
529 E Lincoln Street, Mount Prospect, IL, 60056 Listing by Claudiu Popescu
Unit for rent at 384 S Wolf Road S, Des Plaines, IL, 60016

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,137 ft²
384 S Wolf Road S, Des Plaines, IL, 60016 Listing by Brian Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly Boyle, Cove Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11372673
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 565 Cordial Drive built and last sold?
The property at 565 Cordial Drive was built in 1966 and last sold on Jul 6, 2022 for $330,000.
How much is this home worth?
The estimated value of the home located at 565 Cordial Drive is $0.
What are some comparable homes to 565 Cordial Drive?
There are currently no comparable homes to 565 Cordial Drive.
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