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Prospect Heights 60070
7 N WHEELING Road
$408,000
● House - Off Market

7 N WHEELING Road

Prospect Heights, IL 60070
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,941 Ft²
$2,871
Est. Monthly
8.48%
Cap Rate

About This Property

Ready to move in.     Kitchen completely remodeled in 2022. Solid wood high end cabinets and granite countertops.     Master bedroom and sunroom flooring remodeled in 2022.    New roof 2020, New Water heater and Cooktop Oven 2023.     Freshly painted wall ceiling and doors in 2022    Huge relaxing 1/2 acre backyard.     Spacious 2.5 car garage. Big driveway can fit 8 cars.    Award winning Hersey high school district. Close to Randhurst Mall and Costco, Home Depot, Menard.    Close to companies, Discover, Allstate, Walgreens.
Unit Size
1,941 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$221
Property Type
House
Property Taxes
$764
HOA Dues
-
Year Built
1958

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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 #11899108)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Oct 2, 2023 Listed by Wang J Realty LLC $429,000
Listed by Wang J Realty LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,360
  • Lot Size Depth Feet: 2,480
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 1,941
  • Gross Building Area: 1,941
  • Building Area: 1,941
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,941
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHEELING
  • Land Acres: 0000000513
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802605

Geography

  • District: 38
  • Parcel: 03-23-302-018-0000
  • Block: 302
  • Meridian: SEC 23 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.096
  • Longitude: -87.9268

    Address

  • Full Address: 7 N Wheeling Rd
  • Address - House Number: 7
  • Street Direction: N
  • Address - Street Name: Wheeling
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Prospect Heights
  • Carrier Code: C022
  • 4-Digit Zip Code: 1515
  • Zip Code: 60070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $998,833
  • Tax Rate Code Area: 38208

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 408,904
  • High Value: 450,248
  • Low Value: 367,561

    Market Valuation

  • Market Total Value: $332,270
  • Market Land Value: $89,440
  • Market Improvement Value: $242,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,227
  • Assessed Land Value: $8,944
  • Assessed Improvements Value: $24,283

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2074
  • Previous Sale Recording Date: Aug 23, 2011
  • Previous Sale Contract Date: Aug 02, 2011
  • Previous Sale Amount: $216,000
  • Previous Sale Document Type: 20
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 Prospect Heights

Stats & Trends

Median Asking:

$327,000

Sale Price/ft²

$227

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1242 ft²

Average Home Age

54.5 years

Currently For Sale

24 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 1807 N Larch Drive, Mount Prospect, IL, 60056

$3,995 /mo

  • 3 Beds
  • 2 Baths
  • 1,904 ft²
1807 N Larch Drive, Mount Prospect, IL, 60056 Listing by Connie Hoos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Qun Wang, Wang J Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11899108
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 Wheeling Road built and last sold?
The property at 7 North Wheeling Road was built in 1958 and last sold on Mar 1, 2024 for $408,000.
How much is this home worth?
The estimated value of the home located at 7 North Wheeling Road is $433,873.
What are some comparable homes to 7 North Wheeling Road?
There are currently no comparable homes to 7 North Wheeling Road.
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