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Addison 60101
581 N Veterans Parkway
$590,000
● House - Off Market

581 N Veterans Parkway

Addison, IL 60101
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,057 Ft²
$4,121
Est. Monthly
5.66%
Cap Rate
Unit Size
3,057 Ft²
Days on Market
-
Land Size
-
Price per sqft
$203
Property Type
House
Property Taxes
$1,076
HOA Dues
-
Year Built
2001

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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
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 2
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,559
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 128
  • Lot Size Frontage Feet: 61
  • Total Building Area: 5,057
  • Gross Building Area: 5,057
  • Building Area: 3,057
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,057
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARMANI CIRCLE SUB
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ARMANI CIRCLE SUB ALL

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840303

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-C4
  • Parcel: 03-20-423-007
  • Lot: 43
  • Municipality: ADDISON
  • Latitude: 41.9377
  • Longitude: -88.0076

    Address

  • Full Address: 581 N Veterans Pkwy
  • Address - House Number: 581
  • Street Direction: N
  • Address - Street Name: Veterans
  • Address - Suffix Type: Pkwy
  • State: IL
  • City Name: Addison
  • Carrier Code: C009
  • 4-Digit Zip Code: 2299
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,243,712
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 93
  • Final Value: 533,645
  • High Value: 577,191
  • Low Value: 490,098

    Market Valuation

  • Market Total Value: $524,610
  • Market Land Value: $160,020
  • Market Improvement Value: $364,590

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $174,870
  • Assessed Land Value: $53,340
  • Assessed Improvements Value: $121,530

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 20, 2002
  • Current Sale Recording Date: Jun 13, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2002-154500

    Financing

  • First Mortgage Financing Type: FIX
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 Addison

Stats & Trends

Median Asking:

$401,266

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1865 ft²

Average Home Age

40.8 years

Currently For Sale

42 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 1550 W Goldengate Drive, Addison, IL, 60101

$4,200 /mo

  • 3 Beds
  • 2 Baths
1550 W Goldengate Drive, Addison, IL, 60101 Listing by Peter Lee

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jenny Park, Baird & Warner
Data Source: MRED, MLS# MRD12444885
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 581 North Veterans Parkway built and last sold?
The property at 581 North Veterans Parkway was built in 2001 and last sold on Mar 20, 2002 for $387,500.
How much is this home worth?
The estimated value of the home located at 581 North Veterans Parkway is $631,380.
What are some comparable homes to 581 North Veterans Parkway?
There are currently no comparable homes to 581 North Veterans Parkway.
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