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Glencoe 60022
605 Vernon Avenue
$805,000
● House - Off Market

605 Vernon Avenue

Glencoe, IL 60022
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,733 Ft²
$6,214
Est. Monthly
2.48%
Cap Rate

About This Property

Exceptional opportunity to own a charming 1924 home just steps from downtown Glencoe, featuring modern updates from 2024. This beautifully remodeled two-story residence boasts four bedrooms and two updated bathrooms, with fresh paint throughout. Situated on an extra-long lot, it includes spacious front and backyards. Additionally, a coach house above the garage provides a living room, bedroom, kitchen, and full bath, making it perfect for guests, an office, or rental income. Location, location, location.
Unit Size
1,733 Ft²
Days on Market
-
Land Size
-
Price per sqft
$490
Property Type
House
Property Taxes
$2,044
HOA Dues
-
Year Built
1924

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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.

Last updated: 2 years ago (MRED MLS #12184631)

Price History

Date / Event Date Event Price
Feb 14, 2025 Sold
Premium
Sold
Dec 12, 2024 In contract -
In contract
Oct 17, 2024 Listed by @properties Christie's International Real Estate $849,000
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 2
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • 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: 1
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 2,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,532
  • Gross Building Area: 2,532
  • Building Area: 2,532
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,532
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENCOE A SUB IN SECS 5,6,7 & 8 SEC 08
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (GLENCOE) A SUB IN SECS 5,6,7 & 8 SEC 08-42-13

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 800200

Geography

  • District: 23
  • Parcel: 05-07-212-007-0000
  • Block: 23,23
  • Lot: 15,14
  • Meridian: SEC 08 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.1321
  • Longitude: -87.7575

    Address

  • Full Address: 605 Vernon Ave
  • Address - House Number: 605
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Glencoe
  • Carrier Code: C012
  • 4-Digit Zip Code: 1642
  • Zip Code: 60022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,835,757
  • Tax Rate Code Area: 23006

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,047,801
  • High Value: 1,287,679
  • Low Value: 807,923

    Market Valuation

  • Market Total Value: $1,001,530
  • Market Land Value: $264,000
  • Market Improvement Value: $737,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,153
  • Assessed Land Value: $26,400
  • Assessed Improvements Value: $73,753

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2032746091
  • Previous Sale Recording Date: Sep 05, 2003
  • Previous Sale Contract Date: Sep 03, 2003
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: 71

    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 Glencoe

Stats & Trends

Median Asking:

$2,150,000

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

41

Average Home Size

5627 ft²

Average Home Age

35.7 years

Currently For Sale

18 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 1862 Old Willow Road, Northfield, IL, 60093

$3,900 /mo

  • 3 Beds
  • 2 Baths
1862 Old Willow Road, Northfield, IL, 60093 Listing by Gloria Matlin

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Dickstein, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12184631
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 605 Vernon Avenue built and last sold?
The property at 605 Vernon Avenue was built in 1924 and last sold on Sep 29, 2020 for $495,000.
How much is this home worth?
The estimated value of the home located at 605 Vernon Avenue is $865,313.
What are some comparable homes to 605 Vernon Avenue?
There are currently no comparable homes to 605 Vernon Avenue.
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