$310,000
●
Condo -
Off Market
640 Mchenry Road #401
Wheeling, IL 60090
2 Beds
3 Baths,
1
Half Bath
2,162 Ft²
$357,944
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
This is it! Look no more! Largest Penthouse corner unit with 9
ft. ceilings. Rare 2 l/2 baths. Vaulted ceiling in Family
Room with recessed tray lighting, crown molding in most rooms.
Master bedroom suite with walk in closet, luxury master bath with
jacuzzi, brand new separate shower, double bowl vanity. Separate
guest bedroom suite with walk in closet and bath, plus office/den
which can easily be converted to 3rd bedroom. Beautiful and open
and bright. 2161 Square Feet. Hardwood floors throughout, many
custom closets, new HVAC and new Ecobee Smart Thermostat. Updated
kitchen with replaced high quality cabinets and pretty granite
countertops. Large windows in every room allow for lots of natural
light. Underground heated extra large parking space #20 and storage
#20, close to the elevator. Beautiful park just steps away. Close
to Wheeling's New Town Center with restaurants, retail,
entertainment and Metra. Special assessment for new French doors
and windows has been paid in full.
Unit Size
2,162 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
Condo
Property Taxes
$452
HOA Dues
$730
Year Built
-
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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 #11264850)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2021 | Sold | ||
| Sold | |||
| Nov 6, 2021 | Listed by Re/Max United | $324,900 | |
| Listed by Re/Max United | |||
Property Highlights
Garage
Elevator
Air Conditioning
Parking Details
Total Number of Parking: 1
Garage Spaces: 1
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: N/A
Interior Details
Bedrooms: 2
Bathrooms: 3
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Rooms: 6
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 16-20 Years
Rebuilt(Y/N): No
Parcel Number: 03033000171045
Property Type: Residential
Year Built: 2003
No Disability Access
Special Conditions: None
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2020
Tax Annual Amount: $5,424
Utilities Details
Cooling: Central Air
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Township: Wheeling
Corporate Limits: Wheeling
Directions: McHenry Rd/83, North of Dundee and South of Lake Cook to Park Point on the south side of the street
County or Parish: Cook
Elementary School District: 21
Elementary School: Eugene Field Elementary School
Middle Or Junior School District: 214
Middle Or Junior School: Buffalo Grove High School
High School District: 214
High School: Buffalo Grove High School
Other Details
Association Fee Includes: Water, Parking, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $730
Association Fee Freq: Monthly
Holds Earnest Money: Yes
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 |
|---|---|---|---|---|---|---|---|
|
12/05/2025
|
2 Bed
|
2 Bath
|
2162 ft²
|
$429,900
2 Bed
2 Bath
2162 ft²
|
-
-
|
Denise Beckway
Re/Max United
| |
|
06/12/2025
|
2 Bed
|
2 Bath
|
1267 ft²
|
$299,000
2 Bed
2 Bath
1267 ft²
|
-
-
|
Denise Beckway
Re/Max United
| |
|
12/05/2024
|
2 Bed
|
2 Bath
|
1551 ft²
|
$309,000
2 Bed
2 Bath
1551 ft²
|
$299,000
-3.24%
01/30/2025
|
Michael Zwemke
Charles Rutenberg Realty of IL
| |
|
08/25/2024
|
2 Bed
|
2 Bath
|
2000 ft²
|
$359,000
2 Bed
2 Bath
2000 ft²
|
$349,900
-2.53%
10/24/2024
|
Kaloian Kouzmanov
Home Realty Group, Inc
| |
|
07/30/2024
|
2 Bed
|
2 Bath
|
1600 ft²
|
$325,000
2 Bed
2 Bath
1600 ft²
|
$325,000
12/12/2024
|
Lucia Demidetchi
Xhomes Realty Inc
| |
|
03/20/2023
|
2 Bed
|
2 Bath
|
1500 ft²
|
$299,000
2 Bed
2 Bath
1500 ft²
|
$299,000
06/27/2023
|
JOSEPH PAV
D'APRILE PROPERTIES INC.
| |
|
04/04/2022
|
2 Bed
|
3 Bath
|
2200 ft²
|
$299,900
2 Bed
3 Bath
2200 ft²
|
$285,000
-4.97%
04/29/2022
|
Jack Bogun
Homesmart Connect LLC
| |
|
03/09/2022
|
2 Bed
|
2 Bath
|
-
|
$267,900
2 Bed
2 Bath
|
$275,000
+2.65%
04/18/2022
|
Denise Beckway
Re/Max United
| |
|
01/25/2022
|
2 Bed
|
2 Bath
|
1551 ft²
|
$229,500
2 Bed
2 Bath
1551 ft²
|
$242,000
+5.45%
02/25/2022
|
Dan Gleason
Realty Executives Elite
| |
|
11/06/2021
|
2 Bed
|
3 Bath
|
2162 ft²
|
$324,900
2 Bed
3 Bath
2162 ft²
|
$310,000
-4.59%
12/17/2021
|
Denise Beckway
Re/Max United
| |
|
10/02/2021
|
2 Bed
|
2 Bath
|
1550 ft²
|
$254,900
2 Bed
2 Bath
1550 ft²
|
$235,000
-7.81%
12/01/2021
|
Denise Beckway
Re/Max United
| |
|
09/17/2021
|
2 Bed
|
2 Bath
|
-
|
$249,900
2 Bed
2 Bath
|
$220,000
-11.96%
11/08/2021
|
Karen Majerczak
Compass Florida LLC
| |
|
07/20/2021
|
2 Bed
|
3 Bath
|
2162 ft²
|
$265,000
2 Bed
3 Bath
2162 ft²
|
$250,000
-5.66%
09/29/2021
|
Denise Beckway
Re/Max United
| |
|
04/08/2021
|
2 Bed
|
2 Bath
|
1560 ft²
|
$259,900
2 Bed
2 Bath
1560 ft²
|
$243,000
-6.50%
09/16/2021
|
Priscilla Rowan
| |
|
01/21/2021
|
2 Bed
|
2 Bath
|
1550 ft²
|
$239,900
2 Bed
2 Bath
1550 ft²
|
$223,000
-7.04%
05/07/2021
|
Denise Beckway
| |
|
11/14/2020
|
2 Bed
|
2 Bath
|
-
|
$252,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
07/15/2020
|
2 Bed
|
2 Bath
|
2060 ft²
|
$239,900
2 Bed
2 Bath
2060 ft²
|
-
-
|
-
| |
|
07/09/2020
|
2 Bed
|
2 Bath
|
1560 ft²
|
$234,900
2 Bed
2 Bath
1560 ft²
|
-
-
|
-
| |
|
03/22/2020
|
2 Bed
|
2 Bath
|
1527 ft²
|
$219,800
2 Bed
2 Bath
1527 ft²
|
$212,000
-3.55%
05/15/2020
|
Joseph Lozano
d'aprile properties
| |
|
05/17/2017
|
2 Bed
|
2 Bath
|
-
|
$195,000
2 Bed
2 Bath
|
$196,100
+0.56%
08/16/2017
|
-
| |
|
03/24/2008
|
2 Bed
|
2 Bath
|
-
|
$209,000
2 Bed
2 Bath
|
$190,000
-9.09%
09/23/2008
|
Sandee Abern
Coldwell Banker Realty
|
Building Info
About Wheeling
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,950 /mo
- 3 Beds
- 2 Baths
- 1,330 ft²
$1,750 /mo
- 1 Bed
- 1 Bath
- 600 ft²
Listed by: Denise Beckway, Re/Max United
Last Updated: 3 years ago
Data Source: MRED, MLS# 11264850
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: 3 years ago
Data Source: MRED, MLS# 11264850
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