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Chicago 60656 Norwood Park
7722 W Rascher Avenue
$470,000
● House - Off Market

7722 W Rascher Avenue

Chicago, IL 60656
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,883 Ft²
$468,605
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
Unit Size
1,883 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$247
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1954

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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.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 4,960
  • Total Building Area: 1,883
  • Gross Building Area: 1,883
  • Building Area: 1,883
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,883
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROAD SUB/KINSEY HIGGINS
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 100500

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 12-12-108-025-0000
  • Block: 9
  • Lot: 23
  • Meridian: SEC 12 TWN 40N RNG 12E
  • Municipality: JEFFERSON
  • Latitude: 41.979
  • Longitude: -87.8203

    Address

  • Full Address: 7722 W Rascher Ave
  • Address - House Number: 7722
  • Street Direction: W
  • Address - Street Name: Rascher
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 1647
  • Zip Code: 60656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $723,543
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 482,671
  • High Value: 579,308
  • Low Value: 386,034

    Market Valuation

  • Market Total Value: $385,980
  • Market Land Value: $99,200
  • Market Improvement Value: $286,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,598
  • Assessed Land Value: $9,920
  • Assessed Improvements Value: $28,678

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33007
  • Previous Sale Recording Date: Oct 07, 2002
  • Previous Sale Contract Date: Aug 29, 2002
  • Previous Sale Amount: $356,500
  • 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

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1215 ft²

Average Home Age

78.8 years

Currently For Sale

802 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 8001 W Balmoral Avenue, Chicago, IL, 60656

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,694 ft²
8001 W Balmoral Avenue, Chicago, IL, 60656 Listing by Christopher Demos
Unit for rent at 7236 W Pratt Avenue, Chicago, IL, 60631

$3,800 /mo

  • 4 Beds
  • 3 Baths
  • 1,123 ft²
7236 W Pratt Avenue, Chicago, IL, 60631 Listing by Christopher Demos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cathi Weaver, Fathom Realty IL LLC
Data Source: MRED, MLS# MRD11733026
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 7722 West Rascher Avenue built and last sold?
The property at 7722 West Rascher Avenue was built in 1954 and last sold on May 11, 2023 for $470,000.
How much is this home worth?
The estimated value of the home located at 7722 West Rascher Avenue is $471,942.
What are some comparable homes to 7722 West Rascher Avenue?
There are currently no comparable homes to 7722 West Rascher Avenue.
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