For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Chicago 60656 O'Hare
8540 W Carmen Avenue
$465,000
● House - Off Market

8540 W Carmen Avenue

CHICAGO, IL 60656
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$762,807
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

MOVE RIGHT IN! WELL APPOINTED RENOVATION OF QUALITY CONSTRUCTED HOME.  NEW KITCHEN - GRANITE COUNTERS, CAPPUCCINO WOOD CABINETS, SS APPLIANCES, EAT IN AREA, HARDWOOD FLOORS & STAIRS, GREAT LAYOUT!  2 FAMILY ROOMS & A FORMAL LIVING/DINING ROOM OFF THE KITCHEN.  LOWER LEVEL PARTY ROOM WITH RICH STONE FLOORS, WET BAR, RECESSED LIGHTING, WHIRLPOOL TUB, SLICK DESIGNER BATHROOMS, BUILDING ENJOYS A NEW ROOF, COOPER PLUMBING, HIGH EFFICIENCY GFA/CA, 200 AMPS OF POWER.  SOLID LOCATION, MANY LONG-TERM OWNERS.  EASY TO SHOW.  AVAILABLE FURNISHED.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$200
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1964

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #09744558)

Price History

Date / Event Date Event Price
Oct 27, 2017 Sold
Premium
Sold
Sep 8, 2017 Listed by Jameson Sotheby's Intl Realty $479,900
Listed by Jameson Sotheby's Intl Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 41
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,250
  • Gross Building Area: 1,250
  • Building Area: 1,250
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,250
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ST JOSEPH MANOR
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 760803

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 12-11-315-018-0000
  • Meridian: SEC 11 TWN 40N RNG 12E
  • Municipality: JEFFERSON
  • Latitude: 41.9719
  • Longitude: -87.8401

    Address

  • Full Address: 8540 W Carmen Ave
  • Address - House Number: 8540
  • Street Direction: W
  • Address - Street Name: Carmen
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C047
  • 4-Digit Zip Code: 2706
  • Zip Code: 60656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $600,691
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.2264
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 476,085
  • High Value: 583,915
  • Low Value: 368,255

    Market Valuation

  • Market Total Value: $326,250
  • Market Land Value: $100,000
  • Market Improvement Value: $226,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,625
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $22,625

    Sales

  • Current Sale Contract Date: Oct 07, 2017
  • Current Sale Recording Date: Nov 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1731041056

    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 Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1194 ft²

Average Home Age

78.2 years

Currently For Sale

781 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Jameson Sotheby's Intl Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09744558
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 8540 West Carmen Avenue built and last sold?
The property at 8540 West Carmen Avenue was built in 1964 and last sold on Oct 7, 2017 for $465,000.
How much is this home worth?
The estimated value of the home located at 8540 West Carmen Avenue is $0.
What are some comparable homes to 8540 West Carmen Avenue?
There are currently no comparable homes to 8540 West Carmen Avenue.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Chicago Homes for Sale
Chicago Houses for Sale
Chicago Condos for Sale
Chicago Townhouses for Sale
Chicago Multifamily for Sale
Chicago Land for Sale
Chicago Commercial for Sale
Chicago Homes with Basements
Nearby Cities
Naperville Homes for Sale
Aurora Homes for Sale
Joliet Homes for Sale
Schaumburg Homes for Sale
Palatine Homes for Sale
Orland Park Homes for Sale
Arlington Heights Homes for Sale
Plainfield Homes for Sale
Nearby Property Records
Cook County, IL Property Records
DuPage County, IL Property Records
Will County, IL Property Records
Lake County, IN Property Records
Lake County, IL Property Records
Porter County, IN Property Records
Kane County, IL Property Records
Kendall County, IL Property Records
Neighborhoods
Near North Side Real Estate
Lakeview Real Estate
South Loop Real Estate
Logan Square Real Estate
Edgewater Real Estate
DePaul Real Estate
Near West Side Real Estate
Uptown Real Estate
Nearby Counties
Downers Grove Homes for Sale
Thornton Homes for Sale
Worth Homes for Sale
Wheeling Homes for Sale
Maine Homes for Sale
Lisle Homes for Sale
York Homes for Sale
Schaumburg Homes for Sale
Top Real Estate Agents
Top Agents in O'Hare
Top Agents in Chicago
Top Agents in Near North Side
Top Agents in Naperville
Top Agents in Aurora
Top Agents in Downers Grove
Top Agents in Joliet
Top Agents in Thornton