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West Chicago 60185
811 Farm Drive
$725,000
● House - Off Market

811 Farm Drive

West Chicago, IL 60185
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,000 Ft²
$4,593
Est. Monthly
$8
HOA / Fees
3.95%
Cap Rate
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$225
Property Type
House
Property Taxes
$1,271
HOA Dues
$8
Year Built
2006

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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 #12044648)

Price History

Date / Event Date Event Price
Aug 14, 2024 Sold
Premium
Sold
May 1, 2024 Listed by Century 21 Circle $675,000
Listed by Century 21 Circle

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 2
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,575
  • Garage Type: 7
  • Garage Square Area: 710
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 4,470
  • Gross Building Area: 4,470
  • Building Area: 2,895
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,895
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRINCE CROSSING FARM SUB
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: PRINCE CROSSING FARM SUB ALL

Neighborhood

  • School District Name: Benjamin School District 25
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841401

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-E2
  • Parcel: 04-03-215-067
  • Lot: 17
  • Municipality: WINFIELD
  • Latitude: 41.8977
  • Longitude: -88.1852

    Address

  • Full Address: 811 Farm Dr
  • Address - House Number: 811
  • Address - Street Name: Farm
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: West Chicago
  • Carrier Code: R004
  • 4-Digit Zip Code: 4948
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,525,078
  • Tax Rate Code Area: 4160

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 599,271
  • High Value: 701,050
  • Low Value: 497,491

    Market Valuation

  • Market Total Value: $501,660
  • Market Land Value: $95,460
  • Market Improvement Value: $406,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $167,220
  • Assessed Land Value: $31,820
  • Assessed Improvements Value: $135,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2006
  • Current Sale Recording Date: Mar 20, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2006-049786
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 West Chicago

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2298 ft²

Average Home Age

64.6 years

Currently For Sale

18 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly McQuillan, Century 21 Circle
Last Updated: 3 years ago
Data Source: MRED, MLS# 12044648
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 811 Farm Drive built and last sold?
The property at 811 Farm Drive was built in 2006 and last sold on Mar 17, 2006 for $433,500.
How much is this home worth?
The estimated value of the home located at 811 Farm Drive is $0.
What are some comparable homes to 811 Farm Drive?
There are currently no comparable homes to 811 Farm Drive.
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