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Countryside 60525
5741 LONGVIEW Drive
$325,000
● House - Off Market

5741 LONGVIEW Drive

Countryside, IL 60525
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,993 Ft²
$2,053
Est. Monthly
8.11%
Cap Rate

About This Property

OUTSTANDING VALUE FOR THE AREA! CLOSE TO PARK/SCHOOLS/GROCERY/SHOPPING/RESTAURANTS/HIGHWAY ACCESS. SPLIT LEVEL WITH SUB BASEMENT HAS SPACIOUS BEDROOM WITH HARDWOOD FLOORS, NEW BOILER, 2 1/2 CAR GARAGE, CONCRETE PATIO & DRIVEWAY, STREET/CURBS/APRON ALL NEW, LARGE BACKYARD HAS STORAGE SHED AND ABOVE GROUND POOL. PRICED RIGHT!!
Unit Size
1,993 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$176
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1959

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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 #12002748)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
Mar 12, 2024 Listed by REMAX Legends $350,000
Listed by REMAX Legends

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,360
  • Total Building Area: 1,993
  • Gross Building Area: 1,993
  • Building Area: 1,993
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,993
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD PARK UNIT NO 2
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Lyons Township High School District 204
  • Census Tract: 820104

Geography

  • District: 21
  • Parcel: 18-16-108-016-0000
  • Meridian: SEC 16 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.7857
  • Longitude: -87.8753

    Address

  • Full Address: 5741 Longview Dr
  • Address - House Number: 5741
  • Address - Street Name: Longview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Countryside
  • Carrier Code: C072
  • 4-Digit Zip Code: 3553
  • Zip Code: 60525

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $631,964
  • Tax Rate Code Area: 21011

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 372,443
  • High Value: 410,100
  • Low Value: 334,786

    Market Valuation

  • Market Total Value: $400,000
  • Market Land Value: $77,700
  • Market Improvement Value: $322,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,000
  • Assessed Land Value: $7,770
  • Assessed Improvements Value: $32,230
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 Countryside

Stats & Trends

Median Asking:

$372,450

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1540 ft²

Average Home Age

53.4 years

Currently For Sale

14 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 923 W Plainfield Road, La Grange Highlands, IL, 60525

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,780 ft²
923 W Plainfield Road, La Grange Highlands, IL, 60525 Listing by Mohammed Khan
Unit for rent at 413 S Gilbert Avenue, La Grange, IL, 60525

$2,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
413 S Gilbert Avenue, La Grange, IL, 60525 Listing by Ann-Marie Hickey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Shane Crawford, REMAX Legends
Last Updated: 3 years ago
Data Source: MRED, MLS# 12002748
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 5741 Longview Drive built and last sold?
The property at 5741 Longview Drive was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5741 Longview Drive is $365,838.
What are some comparable homes to 5741 Longview Drive?
There are currently no comparable homes to 5741 Longview Drive.
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