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Morton Grove 60053
7101 SIMPSON Street
$185,000
● House - Off Market

7101 SIMPSON Street

Morton Grove, IL 60053
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,074 Ft²
$196,954
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

*** THE SALE OF THIS HOME HAS TO BE SUBJECT TO "TENANTS RIGHTS" WITH POSSESSION DELIVERED JANUARY 15, 2022.*** NURSERY HAD IT'S 4TH WALL REMOVED FOR CONVENIENCE AND IT CAN RE-INSTALLED TO MAKE IT A FULL 3 BEDROOM HOME. BRING YOUR MANY DECORATING IDEAS TO THIS AFFORDABLE 6 ROOM BRICK RANCH ON CRAWL SPACE. IT HAS BEEN RENTED FOR MANY YEARS, SOLD AS-IS. SIMPSON STREET IS A QUIET BLOCK LONG LITTLE TRAVELED STREET THAT HAS ATTRACTED REHABBERS AND NEW CONSTRUCTION. CLOSE AND CONVENIENTLY LOCATED TO MANY AMENITIES NEARBY AND IN CLOSE-BY GLENVIEW AND SKOKIE. FOR OVER 1000 SF BRICK HOME IN MORTON GROVE THIS IS AN OPPORTUNITY YOU SHOULD CONSIDER TODAY!
Unit Size
1,074 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$629
HOA Dues
-
Year Built
1953

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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 #11190018)

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold
Premium
Sold
Aug 12, 2021 Listed by Sebastian Co. Real Estate $175,000
Listed by Sebastian Co. Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,325
  • Total Building Area: 1,074
  • Gross Building Area: 1,074
  • Building Area: 1,074
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,074
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLS PARK ESTATES
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 24
  • Parcel: 10-18-110-051-0000
  • Lot: 11,10
  • Meridian: SEC 18 TWN 41N RNG 13E
  • Municipality: NILES
  • Latitude: 42.0549
  • Longitude: -87.8037

    Address

  • Full Address: 7101 Simpson St
  • Address - House Number: 7101
  • Address - Street Name: Simpson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morton Grove
  • Carrier Code: C011
  • 4-Digit Zip Code: 1220
  • Zip Code: 60053

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $656,915
  • Tax Rate Code Area: 24019

    Appraisal Valuation

  • Standard Deviation: 0.2451
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 302,299
  • High Value: 376,404
  • Low Value: 228,194

    Market Valuation

  • Market Total Value: $252,790
  • Market Land Value: $82,230
  • Market Improvement Value: $170,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,279
  • Assessed Land Value: $8,223
  • Assessed Improvements Value: $17,056

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13081
  • Previous Sale Recording Date: Nov 01, 2021
  • Previous Sale Contract Date: Oct 07, 2021
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 27
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

1579 ft²

Average Home Age

46.2 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 6340 Capulina Avenue, Morton Grove, IL, 60053

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
6340 Capulina Avenue #4C, Morton Grove, IL, 60053 Listing by Mary Tracy
Unit for rent at 8300 Callie Avenue, Morton Grove, IL, 60053

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,281 ft²
8300 Callie Avenue #412, Morton Grove, IL, 60053 Listing by Imad Ahmad
Unit for rent at 6415 Elm Street, Morton Grove, IL, 60053

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
6415 Elm Street #3B, Morton Grove, IL, 60053 Listing by Mary Tracy

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donald Sebastian, Sebastian Co. Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11190018
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 7101 Simpson Street built and last sold?
The property at 7101 Simpson Street was built in 1953 and last sold on Sep 15, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 7101 Simpson Street is $0.
What are some comparable homes to 7101 Simpson Street?
There are currently no comparable homes to 7101 Simpson Street.
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