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Morton Grove 60053
8504 Frontage Road
$290,000
● House - Off Market

8504 Frontage Road

MORTON GROVE, IL 60053
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$476,141
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Nicely updated 3 bedroom, 2 bathroom all brick ranch home with an open floor plan and tons of natural light. Kitchen features solid wood cabinets, granite countertops, stainless steel appliances and a breakfast bar. Living room includes vaulted ceilings, a free standing wood-burning fireplace, wall-to-wall windows & hardwood floors. The full finished basement is the perfect place to relax with a huge family room/rec room and a unique boat themed bar area. There is also plenty of cabinets and additional storage. A well landscaped yard has in ground sprinklers, lots of mature flowers & shrubs, and is a perfect area for grilling/entertaining! Large Driveway big enough to hold 6 cars. Walking distance to Metra and yellow line CTA, easy access to I94 and I294, and near shopping and great schools! MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE BY 5PM on 08/29/17.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$249
Property Type
House
Property Taxes
$432
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 #09730471)

Price History

Date / Event Date Event Price
Sep 28, 2017 Sold
Premium
Sold
Aug 24, 2017 Listed by Main Street Real Estate Group $299,000
Listed by Main Street Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALPERS SUB UNIT10
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ALPERS) SUB (UNIT10) SUB OF PT OF LT4 IN CIRCUIT COU RT PARTN OF LTS2-3 IN COUNTY CLERKS DIV OF EH OF NE SEC 19 & ALL SEC 20

Neighborhood

  • School District Name: Morton Grove School District 70
  • Census Tract: 808302

Geography

  • District: 24
  • Parcel: 10-20-239-026-0000
  • Block: 3
  • Lot: 2-4
  • Meridian: SEC 20 TWN 41N RNG 13E
  • Municipality: NILES
  • Latitude: 42.0358
  • Longitude: -87.7683

    Address

  • Full Address: 8504 Frontage Rd
  • Legal Unit: 10
  • Address - House Number: 8504
  • Address - Street Name: Frontage
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Morton Grove
  • Carrier Code: C004
  • 4-Digit Zip Code: 3112
  • Zip Code: 60053

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $786,531
  • Tax Rate Code Area: 24017

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 397,254
  • High Value: 487,949
  • Low Value: 306,559

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $65,000
  • Market Improvement Value: $255,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $6,500
  • Assessed Improvements Value: $25,500

    Sales

  • Current Sale Contract Date: Sep 26, 2017
  • Current Sale Recording Date: Oct 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1727634047
  • Previous Sale Recording Date: Dec 04, 1997
  • Previous Sale Contract Date: Nov 17, 1997
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 4819 Main Street, Skokie, IL, 60077

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,100 ft²
4819 Main Street #202, Skokie, IL, 60077 Listing by Neil Turk
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 8025 Skokie Boulevard, Skokie, IL, 60077

$2,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,215 ft²
8025 Skokie Boulevard #302, Skokie, IL, 60077 Listing by Brian Levitas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Main Street Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09730471
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 8504 Frontage Road built and last sold?
The property at 8504 Frontage Road was built in 1958 and last sold on Sep 26, 2017 for $290,000.
How much is this home worth?
The estimated value of the home located at 8504 Frontage Road is $0.
What are some comparable homes to 8504 Frontage Road?
There are currently no comparable homes to 8504 Frontage Road.
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