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Elmhurst 60126
589 N Willow Road
$340,000
● House - Off Market

589 N Willow Road

Elmhurst, IL 60126
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$2,183
Est. Monthly
7.33%
Cap Rate

About This Property

Solid brick home is in a top rated school district. Located near downtown Elmhurst, this ranch offers 3 bedrooms & 1 bathroom. Large spacious living room & dining room and eat-in kitchen There are hardwood floors throughout and a first-floor laundry room. Long side driveway & 2.5 allows for parking several vehicles and a large yard, great for entertaining outdoors.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$312
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1960

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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 #12156491)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 18, 2024 In contract -
In contract
Sep 6, 2024 Listed by Weichert, Realtors - All Pro $349,000
Listed by Weichert, Realtors - All Pro

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 130
  • Lot Size Frontage Feet: 60
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONE & COS ELMHURST ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: STONE & COS ELMHURST ADD

Neighborhood

  • School District Name: Elmhurst School District 205
  • School Tax School District: DISTRICT 205
  • Census Tract: 840706

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2972-A7
  • Parcel: 03-36-120-008
  • Block: 48
  • Lot: 13
  • Municipality: ADDISON
  • Latitude: 41.9161
  • Longitude: -87.9344

    Address

  • Full Address: 589 N Willow Rd
  • Address - House Number: 589
  • Street Direction: N
  • Address - Street Name: Willow
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elmhurst
  • Carrier Code: C042
  • 4-Digit Zip Code: 1922
  • Zip Code: 60126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532,254
  • Tax Rate Code Area: 3062

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 93
  • Final Value: 312,963
  • High Value: 338,502
  • Low Value: 287,425

    Market Valuation

  • Market Total Value: $278,670
  • Market Land Value: $138,990
  • Market Improvement Value: $139,680

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,890
  • Assessed Land Value: $46,330
  • Assessed Improvements Value: $46,560

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021-171874
  • Previous Sale Recording Date: Jul 18, 2005
  • Previous Sale Contract Date: Jun 10, 2005
  • Previous Sale Amount: $288,000
  • 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 Elmhurst

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2729 ft²

Average Home Age

43.2 years

Currently For Sale

82 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 110 N Willow Road, Elmhurst, IL, 60126

$2,495 /mo

  • 2 Beds
  • 1 Bath
110 N Willow Road #4, Elmhurst, IL, 60126 Listing by Sandra Mariottini

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Padilla, Weichert, Realtors - All Pro
Last Updated: 3 years ago
Data Source: MRED, MLS# 12156491
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 589 North Willow Road built and last sold?
The property at 589 North Willow Road was built in 1960 and last sold on Nov 15, 2021 for $295,000.
How much is this home worth?
The estimated value of the home located at 589 North Willow Road is $355,300.
What are some comparable homes to 589 North Willow Road?
There are currently no comparable homes to 589 North Willow Road.
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