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Chicago 60707 Montclare
7023 W WRIGHTWOOD Avenue
$299,900
● House - Off Market

7023 W WRIGHTWOOD Avenue

Chicago, IL 60707
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,382 Ft²
$1,708
Est. Monthly
14.67%
Cap Rate

About This Property

Montclare's unique 2 story! First floor features Livingroom with spiral staircase to 2nd floor. Primary Bedroom with walk-in-closet, full bath w/ walk-in shower. Laundry room. Second floor has custom Kitchen with stainless-steel appliances, granite counters with adjoining Dining area. 3 Bedrooms with jacuzzi tub. Second rear staircase enclosed and one exterior staircase. Newer windows and roof - storage shed. Private gate. Home is situated in rear of lot with a great space for your pleasure. Immediate Possession. Move-In Condition.
Unit Size
1,382 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$217
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1917

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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 #11898539)

Price History

Date / Event Date Event Price
Dec 8, 2023 Sold
Premium
Sold
Oct 6, 2023 Listed by Caporale Realty Group $299,900
Listed by Caporale Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,750
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,382
  • Gross Building Area: 1,382
  • Building Area: 1,382
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,382
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHNSONS ADD TO MONTCLARE
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (JOHNSONS) ADD TO (MONTCLARE) SUB OF EH OF WH & W1/3 OF EH SW SEC 30-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 831600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-30-319-025-0000
  • Block: 8
  • Lot: 20,21
  • Meridian: SEC 30 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9269
  • Longitude: -87.8019

    Address

  • Full Address: 7023 W Wrightwood Ave
  • Address - House Number: 7023
  • Street Direction: W
  • Address - Street Name: Wrightwood
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C031
  • 4-Digit Zip Code: 2116
  • Zip Code: 60707

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $284,875
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2088
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 301,416
  • High Value: 364,361
  • Low Value: 238,471

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $103,180
  • Market Improvement Value: $96,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $10,318
  • Assessed Improvements Value: $9,682

    Sales

  • Current Sale Contract Date: Nov 16, 2023
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 46038
  • Previous Sale Recording Date: Nov 18, 2016
  • Previous Sale Contract Date: Nov 15, 2016
  • Previous Sale Amount: $185,000
  • 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 Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1232 ft²

Average Home Age

76.5 years

Currently For Sale

816 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 1530 Clinton Place, River Forest, IL, 60305

$3,750 /mo

  • 4 Beds
  • 3 Baths
  • 1,750 ft²
1530 Clinton Place #1, River Forest, IL, 60305 Listing by Keri Meacham
Unit for rent at 2731 N 75th Avenue, Elmwood Park, IL, 60707

$4,200 /mo

  • 3 Beds
  • 3 Baths
  • 2,820 ft²
2731 N 75th Avenue, Elmwood Park, IL, 60707 Listing by Evelyn Fred

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gabe Caporale, Caporale Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11898539
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 7023 West Wrightwood Avenue built and last sold?
The property at 7023 West Wrightwood Avenue was built in 1917 and last sold on Nov 16, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 7023 West Wrightwood Avenue is $307,206.
What are some comparable homes to 7023 West Wrightwood Avenue?
There are currently no comparable homes to 7023 West Wrightwood Avenue.
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