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River Grove 60171 River Grove
8622 Belden Avenue
$280,000
● House - Off Market

8622 Belden Avenue

River Grove, IL 60171
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,500 Ft²
$318,576
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Beautifully updated home in a great location! Spacious rear yard, tons of space throughout for all of your living and entertaining needs, oversized 2+ car garage... the list goes on and on! All new updated kitchen with white, shaker style cabinets, stone countertops and sparkling stainless appliances! New bathrooms with new vanities and all new light fixtures throughout. All new interior paint, hardwood flooring, new PLUMBING! Full village permits for the renovation lets you know the home is safe! Please view the 3-D tour and schedule your private showing today!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$190
Property Type
House
Property Taxes
$571
HOA Dues
-
Year Built
1951

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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 #11096927)

Price History

Date / Event Date Event Price
Nov 23, 2021 Sold
Premium
Sold
May 21, 2021 Listed by Chase Real Estate LLC $285,700
Listed by Chase Real Estate LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • 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: 6,482
  • Total Building Area: 838
  • Gross Building Area: 838
  • Building Area: 838
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 838
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRUMBULLS BELDEN AVE
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: SOUTH330 FT N660 FT SEC05

Neighborhood

  • School District Name: Rhodes School District 84-5
  • Census Tract: 811200

Geography

  • District: 20
  • Parcel: 12-35-102-020-0000
  • Lot: 8
  • Meridian: SEC 35 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9213
  • Longitude: -87.8415

    Address

  • Full Address: 8622 Belden Ave
  • Address - House Number: 8622
  • Address - Street Name: Belden
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Grove
  • Carrier Code: C009
  • 4-Digit Zip Code: 1824
  • Zip Code: 60171

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $690,968
  • Tax Rate Code Area: 20033

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 291,326
  • High Value: 359,391
  • Low Value: 223,261

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $68,060
  • Market Improvement Value: $161,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $6,806
  • Assessed Improvements Value: $16,194

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2134334130
  • Previous Sale Recording Date: Jun 07, 2016
  • Previous Sale Contract Date: Jun 01, 2016
  • Previous Sale Document Type: 64
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 River Grove

Stats & Trends

Median Asking:

$379,000

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1003 ft²

Average Home Age

74.1 years

Currently For Sale

15 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 2425 Hessing Street, River Grove, IL, 60171

$4,000 /mo

  • 5 Beds
  • 2 Baths
  • 2,200 ft²
2425 Hessing Street, River Grove, IL, 60171 Listing by Samantha Ricardo Romero

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Neil Gates, Chase Real Estate LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11096927
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 8622 Belden Avenue built and last sold?
The property at 8622 Belden Avenue was built in 1951 and last sold on Nov 23, 2021 for $280,000.
How much is this home worth?
The estimated value of the home located at 8622 Belden Avenue is $0.
What are some comparable homes to 8622 Belden Avenue?
There are currently no comparable homes to 8622 Belden Avenue.
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