$150,000
●
House -
Off Market
588 Fairway View Drive #1E
Wheeling, IL 60090
1 Bed
1 Bath
700 Ft²
$1,142
Est. Monthly
$289
HOA / Fees
10.72%
Cap Rate
About This Property
Discover an incredible opportunity to own a stunning first-floor
condo.~This 1-bedroom residence boasts a range of desirable
features, including a private patio, a spacious bedroom with a
large walk-in closet, ample storage, and convenient parking.~ Enjoy
the modern updates, including a beautifully renovated bathroom, new
light fixtures, and engineered flooring.~ The kitchen features a
new microwave oven and a newer refrigerator.~ Additionally, take
advantage of the community amenities such as a pool, clubhouse,
tennis courts, and playground.~ The HOA covers heat, water, gas,
and garbage. With monthly mortgage payments that are more
affordable than average rental costs in the area, this property
offers a unique chance for individuals to build equity and invest
in their future. Please note, the unit is sold "As Is."
Unit Size
700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$214
Property Type
House
Property Taxes
$116
HOA Dues
$289
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MRED MLS #12101120)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 2, 2025 | Listed by Baird & Warner | $150,000 | |
| Listed by Baird & Warner | |||
| | |||
|
Start 2025 by building wealth instead of paying rent with this incredible opportunity to own your own home! Explore this first-floor condo that includes a patio, a spacious bedroom with a walk-in closet, ample storage, and parking. Enjoy modern updates like a renovated bathroom, new light fixtures, and engineered flooring. The kitchen features a new microwave oven and refrigerator. The HOA covers heat, water, gas, and garbage. Monthly mortgage payments are more affordable than average rental costs, offering a unique chance to build equity and invest in your future. Note: the unit is sold "As Is." No rentals allowed.
| |||
| Dec 27, 2024 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Parking Details
Total Number of Parking: 2
Interior Details
Bedrooms: 1
Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Microwave, Refrigerator
Rooms: 4
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 51-60 Years
Rebuilt(Y/N): No
Parcel Number: 03042010251005
Property Type: Residential
Year Built: 1973
No Disability Access
Special Conditions: None
Lot Size Dimensions: COMMON
Water Source: Lake Michigan, Public
Financial Details
Tax Year: 2022
Tax Annual Amount: $1,388
Tax Exemptions: None
Utilities Details
Cooling: Window/Wall Unit - 1
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Township: Wheeling
Corporate Limits: Wheeling
Directions: McHenry Rd (South of Lake-Cook Rd) to Fairway Greens Condominiums
County or Parish: Cook
Elementary School District: 21
Elementary School: Joyce Kilmer Elementary School
Middle Or Junior School District: 21
Middle Or Junior School: Cooper Middle School
High School District: 214
High School: Buffalo Grove High School
Other Details
Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $289
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/08/2025
|
1 Bed
|
1 Bath
|
679 ft²
|
$145,000
1 Bed
1 Bath
679 ft²
|
$135,000
-6.90%
04/23/2026
|
Sergey Ognev
Citiland Real Estate Inc
| |
|
01/02/2025
|
1 Bed
|
1 Bath
|
700 ft²
|
$150,000
1 Bed
1 Bath
700 ft²
|
$138,000
-8.00%
02/28/2025
|
Jenny Park
Baird & Warner
| |
|
11/09/2024
|
1 Bed
|
2 Bath
|
700 ft²
|
$149,900
1 Bed
2 Bath
700 ft²
|
$135,000
-9.94%
12/18/2024
|
David Pickard
RE/MAX Suburban
| |
|
07/05/2024
|
1 Bed
|
1 Bath
|
700 ft²
|
$160,000
1 Bed
1 Bath
700 ft²
|
-
-
|
Jenny Park
Baird & Warner
| |
|
04/09/2024
|
2 Bed
|
2 Bath
|
935 ft²
|
$150,000
2 Bed
2 Bath
935 ft²
|
$158,000
+5.33%
05/16/2024
|
Julia Alexander
Keller Williams North Shore West
| |
|
06/08/2023
|
1 Bed
|
1 Bath
|
700 ft²
|
$129,900
1 Bed
1 Bath
700 ft²
|
$120,000
-7.62%
06/23/2023
|
Cathy Orlando
Baird & Warner
| |
|
05/28/2021
|
2 Bed
|
1 Bath
|
935 ft²
|
$127,500
2 Bed
1 Bath
935 ft²
|
-
-
|
-
|
Building Info
588 Fairway View Drive
588 Fairway View Drive, Wheeling, IL 60090
- 1 Unit for Sale
About Wheeling
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jenny Park, Baird & Warner
Last Updated: 2 years ago
Data Source: MRED, MLS# 12101120
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12101120
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017