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Morton Grove 60053
6828 Lyons Street
$325,000
● House - Off Market

6828 Lyons Street

Morton Grove, IL 60053
bedrooms
6 Beds
bathrooms
3 Baths
square feet
2,504 Ft²
$354,056
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Attention builders and rehabbers. This home is in a great location in Morton Grove!  HUGE lot backing up to Cardinal Park. The house is in need of major repairs, or possible tear down. It is surrounded by new construction. Incredible oversized 13455 sq ft lot on a fantastic street.  It has a side drive and 2.5 car garage.  Come see the potential before its gone! No sign in front of the property.
Unit Size
2,504 Ft²
Days on Market
-
Land Size
-
Price per sqft
$140
Property Type
House
Property Taxes
$947
HOA Dues
-
Year Built
1954

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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: 3 years ago (MRED MLS #11363439)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
Apr 1, 2022 Listed by Exit Strategy Realty $349,999
Listed by Exit Strategy Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 60
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,455
  • Total Building Area: 2,504
  • Gross Building Area: 2,504
  • Building Area: 2,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADD TO MILLS PARK
  • Land Acres: 0000000309
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (THIRD) ADD TO (MILLS)(PARK) ESTATES SUB OF EX ROAD P T E OF WAUKEGAN ROAD IN ASSESSORS DIVN OF NW SEC 18-41-13

Neighborhood

  • School District Name: Golf Elementary School District 67
  • Census Tract: 808400

Geography

  • District: 24
  • Parcel: 10-18-116-015-0000
  • Lot: 6
  • Meridian: SEC 18 TWN 41N RNG 13E
  • Municipality: NILES
  • Latitude: 42.0512
  • Longitude: -87.7969

    Address

  • Full Address: 6828 Lyons St
  • Address - House Number: 6828
  • Address - Street Name: Lyons
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morton Grove
  • Carrier Code: C013
  • 4-Digit Zip Code: 1308
  • Zip Code: 60053

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,165,401
  • Tax Rate Code Area: 24019

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 550,713
  • High Value: 676,443
  • Low Value: 424,983

    Market Valuation

  • Market Total Value: $510,010
  • Market Land Value: $174,920
  • Market Improvement Value: $335,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,001
  • Assessed Land Value: $17,492
  • Assessed Improvements Value: $33,509

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Aug 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10161
  • Previous Sale Recording Date: Jul 05, 2022
  • Previous Sale Contract Date: Jun 17, 2022
  • Previous Sale Amount: $325,000
  • 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 Morton Grove

Stats & Trends

Median Asking:

$479,000

Sale Price/ft²

$276

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1609 ft²

Average Home Age

48.7 years

Currently For Sale

44 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 1750 Henley Street, Glenview, IL, 60025

$3,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
1750 Henley Street #25, Glenview, IL, 60025 Listing by Colleen Berg
Unit for rent at 7030 W Carol Avenue, Niles, IL, 60714

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,168 ft²
7030 W Carol Avenue, Niles, IL, 60714 Listing by Ashraf Memon

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheila Mecher, Exit Strategy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11363439
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 6828 Lyons Street built and last sold?
The property at 6828 Lyons Street was built in 1954 and last sold on Jul 29, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 6828 Lyons Street is $353,499.
What are some comparable homes to 6828 Lyons Street?
There are currently no comparable homes to 6828 Lyons Street.
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