$233,000
●
House -
Off Market
644 Merle Lane
Wheeling, IL 60090
3 Beds
1 Bath
1,285 Ft²
$247,774
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Desirable expanded Dunhurst ranch home in prime quiet location.
Formal foyer with large coat closet, big kitchen updated with newer
cabinets, granite counters, recessed lights, ceramic tile and
stainless steel appliances. Family size dinning room adjacent to
kitchen with crown moldings and pantry. Spacious family/living room
has pergo solid surface flooring and large window, three good size
bedrooms, remodeled bath, newer 2018 siding, front windows, front
door, roof 2020, A/C 2017. Dwelling IS NOT located in the
floodplain and DOES NOT require flood insurance. See Flood
Certificate under additional information. Large patio and fenced in
backyard for all your summer activities and entertaining. Currently
garage is not used for car parking and does not have a garage
doors, can be converted. Property is in great condition and ready
for new owner!
Unit Size
1,285 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$175
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1957
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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 #11244013)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Feb 14, 2023 | Listed by Northwest Real Estate Group | $269,900 | |
| Listed by Northwest Real Estate Group | |||
| | |||
|
Adorable 3 bedroom 1 bath Ranch. This home features a large kitchen, dining adjacent to kitchen. Spacious family room, nice size bedrooms. 2018 Siding, 2020 roof, 2017 A/C. Enjoy the large backyard and patio. Convenient location, walk to Mark Twain Elementary school & Wheeling H.S. Just minutes to Wheeling Town Center, Park District Gym, Community Center & Aquatic Center, Metra Station, Wheeling's Municipal Campus & CMX CineBistro, Movie Theater speakers mounted within the ceiling. Welcome home. No property tax exemptions. Also, property is NOT located in floodplain.
| |||
| Dec 6, 2021 | Sold | ||
| Sold | |||
| Oct 12, 2021 | Listed by RE/MAX United | $224,900 | |
| Listed by RE/MAX United | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Wheeling
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Listed by: Gary Aver, RE/MAX United
Last Updated: 3 years ago
Data Source: MRED, MLS# 11244013
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# 11244013
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