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Addison 60101
7 N School Street
$379,000
● House - Off Market

7 N School Street

Addison, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$2,421
Est. Monthly
7.06%
Cap Rate

About This Property

BEST LOCATION IN TOWN. Welcome to 7 N School St, Addison - a charming and meticulously maintained home in a prime location! This 3-bedroom, 2-bath residence offers an ideal blend of comfort and convenience. Enjoy a spacious, light-filled living area with hardwood floors and a beautifully updated kitchen featuring stainless steel appliances and granite countertops. Generous bedroom sizes, ample closet space, and finished basement add flexibility for a home office or recreational space. Step outside to a lovely backyard with a patio, perfect for entertaining. Located near parks, schools, shopping, dining, and major expressways. A must-see property in the heart of Addison!
Unit Size
1,650 Ft²
Days on Market
-
Land Size
-
Price per sqft
$236
Property Type
House
Property Taxes
$506
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 134
  • Lot Size Frontage Feet: 50
  • Total Building Area: 1,539
  • Gross Building Area: 1,539
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RITTMUELLERS ADD TO ADDISON
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: RITTMUELLERS ADD TO ADDISON

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846603

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-E5
  • Parcel: 03-28-110-027
  • Lot: 69
  • Municipality: ADDISON
  • Latitude: 41.9275
  • Longitude: -87.9933

    Address

  • Full Address: 7 N School St
  • Address - House Number: 7
  • Street Direction: N
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: IL
  • City Name: Addison
  • Carrier Code: C033
  • 4-Digit Zip Code: 3547
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $581,312
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 320,198
  • High Value: 375,369
  • Low Value: 265,027

    Market Valuation

  • Market Total Value: $254,790
  • Market Land Value: $97,620
  • Market Improvement Value: $157,170

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,930
  • Assessed Land Value: $32,540
  • Assessed Improvements Value: $52,390

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 25, 2006
  • Current Sale Recording Date: Jun 13, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2006-112018
  • Previous Sale Recording Date: Sep 17, 2003
  • Previous Sale Contract Date: Aug 18, 2003
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Addison

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1969 ft²

Average Home Age

39.7 years

Currently For Sale

48 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 128 Morgans Gate Drive, Wood Dale, IL, 60191

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,771 ft²
128 Morgans Gate Drive, Wood Dale, IL, 60191 Listing by Vittoria Logli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Edyta Morawska, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12363215
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 7 North School Street built and last sold?
The property at 7 North School Street was built in 1960 and last sold on May 25, 2006 for $295,000.
How much is this home worth?
The estimated value of the home located at 7 North School Street is $0.
What are some comparable homes to 7 North School Street?
There are currently no comparable homes to 7 North School Street.
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