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Addison 60101
718 N Neva Avenue
$345,000
● House - Off Market

718 N Neva Avenue

Addison, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,581 Ft²
$329,000
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Multiple offers received.  Highest and Best due by 8PM tonight, Sunday, June 25th. Thank you. FANTASTIC SPLIT LEVEL / 3 BEDROOMS / 2 BATHROOMS / 2 CAR GARAGE. 1581 SQUARE FEET / HARD WOOD FLOORS / LARGE KITCHEN.  LOWER LEVEL WITH FULL BATHROOM BAR, WALK OUT LOWER LEVEL TO BACK YARD.  TONS OF NATURAL LIGHT IN THIS HOME. WOOD & GAS FIREPLACE. DON'T WAIT. THIS HOME WILL NOT LAST LONG.
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$209
Property Type
House
Property Taxes
$461
HOA Dues
-
Year Built
1958

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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 #11812359)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
Jun 20, 2023 Listed by Access Real Estate Inc $329,900
Listed by Access Real Estate Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1
  • Garage Square Area: 444
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 110
  • Lot Size Frontage Feet: 66
  • Total Building Area: 2,025
  • Gross Building Area: 2,025
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,581
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOESKE KLOCK ADD TO ADDISON
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: BOESKE KLOCK ADD TO ADDISON UNIT 2

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840104

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-D3
  • Parcel: 03-20-412-018
  • Lot: 65
  • Municipality: ADDISON
  • Latitude: 41.9403
  • Longitude: -87.9988

    Address

  • Full Address: 718 N Neva Ave
  • Legal Unit: 2
  • Address - House Number: 718
  • Street Direction: N
  • Address - Street Name: Neva
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Addison
  • Carrier Code: C004
  • 4-Digit Zip Code: 1314
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $549,644
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 322,136
  • High Value: 377,641
  • Low Value: 266,632

    Market Valuation

  • Market Total Value: $246,240
  • Market Land Value: $103,590
  • Market Improvement Value: $142,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,080
  • Assessed Land Value: $34,530
  • Assessed Improvements Value: $47,550

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Aug 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 48585
  • Previous Sale Recording Date: Oct 08, 1997
  • Previous Sale Contract Date: Sep 05, 1997
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 55
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:

$401,266

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1836 ft²

Average Home Age

42.6 years

Currently For Sale

49 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 125 S Maple Street, Itasca, IL, 60143

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,790 ft²
125 S Maple Street, Itasca, IL, 60143 Listing by James Diestel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dana Anest, Access Real Estate Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11812359
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 718 Neva Avenue built and last sold?
The property at 718 Neva Avenue was built in 1958 and last sold on Jul 26, 2023 for $345,000.
How much is this home worth?
The estimated value of the home located at 718 Neva Avenue is $0.
What are some comparable homes to 718 Neva Avenue?
There are currently no comparable homes to 718 Neva Avenue.
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