When was property at 8424 West Madison Drive built and last sold?

The property at 8424 West Madison Drive was built in 1960 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 8424 West Madison Drive is $0.

What are some comparable homes to 8424 West Madison Drive?

There are currently no comparable homes to 8424 West Madison Drive.

Niles

60714

Niles

8424 W Madison Drive

$387,500

● House - Off Market

8424 W Madison Drive

Niles, IL 60714

3 Beds

1 Bath

1,300 Ft²

$2,191

Est. Monthly

7.94%

Cap Rate

About This Property

Located within the prestigious Park Ridge School District (Field, Emerson, and Maine South High), this classic mid-century ranch home offers timeless charm and incredible potential. Featuring vaulted ceilings, a spacious layout, an eat-in kitchen, and a separate dining room, this home provides a solid foundation for customization. Beautiful oak hardwood floors lie hidden under the carpeting on the main level, ready to be uncovered and restored to their original beauty. Unique to this property is a full, extra-tall unfinished basement with its own outdoor entrance-an ideal setup for added living space or storage. The previous owner, a master furniture maker, has left a lasting legacy with custom-built cabinetry, shelving in each bedroom, and handmade interior doors and window coverings, adding character throughout. Recent updates include new fascia, gutters, downspouts, and a newly roofed and sided garage, while the main roof is just 5-6 years old. With recent tuckpointing, this home is well-prepared for its next chapter, offering both charm and an exciting opportunity to make it your own.

Unit Size

1,300 Ft²

Days on Market

Land Size

Price per sqft

$298

Property Type

House

Property Taxes

$287

HOA Dues

Year Built

1960

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12201376)

Price History

Date / Event	Date	Event
Dec 27, 2024	Sold	Premium
Sold
Nov 29, 2024	In contract	-
In contract
Nov 19, 2024	Price Decreased	$387,500 ↓ $8K (1.9%)
Price Decreased
Nov 1, 2024	Listed by @properties Christie's International Real Estate	$395,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1960

Effective Year Built: 1960
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
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: 6,250

Total Building Area: 1,306
Gross Building Area: 1,306
Building Area: 1,306
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 1,306
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: GREENWOOD ESTATES
Land Acres: 0000000144
Standard Land Use Code: 1001
County Land Use Code: 2-03

Neighborhood

School District Name: Park Ridge Consolidated Community School District 64

Census Tract: 805902

Geography

District: 22

Parcel: 09-23-323-042-0000
Meridian: SEC 23 TWN 41N RNG 12E
Municipality: MAINE
Latitude: 42.0302
Longitude: -87.8368

Address

Full Address: 8424 W Madison Dr

Address - House Number: 8424
Street Direction: W
Address - Street Name: Madison
Address - Suffix Type: Dr
State: IL
City Name: Niles
Carrier Code: C013
4-Digit Zip Code: 2318
Zip Code: 60714

Valuation

Tax

Tax Year: 2022

Tax Amount: $332,753
Tax Rate Code Area: 22023

Appraisal Valuation

Standard Deviation: 0.2283

Valuation Date: Mar 20, 2024
Confidence Score: 68
Final Value: 418,524
High Value: 514,090
Low Value: 322,958

Market Valuation

Market Total Value: $320,000

Market Land Value: $68,750
Market Improvement Value: $251,250

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $32,000
Assessed Land Value: $6,875
Assessed Improvements Value: $25,125

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Niles

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$268

Below Asking

0.01%

Average Days on Market

Average Home Size

1515 ft²

Average Home Age

49.2 years

Currently For Sale

44 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 120 N Northwest Highway, Park Ridge, IL, 60068

$3,100 /mo

1 Bed
2 Baths
1,328 ft²

120 N Northwest Highway #405, Park Ridge, IL, 60068 Listing by Lisa Lucas

Unit for rent at 2600 Windsor Mall, Park Ridge, IL, 60068

$2,875 /mo

2 Beds
2 Baths
1,320 ft²

2600 Windsor Mall #2E, Park Ridge, IL, 60068 Listing by Joseph Quartana

Unit for rent at 9349 Fern Lane, Des Plaines, IL, 60016

$2,800 /mo

4 Beds
2 Baths
2,040 ft²

9349 Fern Lane, Des Plaines, IL, 60016 Listing by Ashraf Memon

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Ralph Milito, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12201376

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.

8424 W Madison Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Niles

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions