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West Chicago 60185
863 Jeri Lane
$375,000
● House - Off Market

863 Jeri Lane

West Chicago, IL 60185
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,041 Ft²
$377,907
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Take a look at this stunning property in West Chicago boasting 4 bedrooms and 2 and a half bathrooms. The house features airy, open foyers with 9-foot ceilings on the first floor, formal front rooms, and ample windows to allow for plenty of natural light. The spacious eat-in kitchen is equipped with an island, pantry, and 42-inch upper cabinets. The master suite has a private bath and an enormous walk-in closet. The main floor is adorned with beautiful hardwood flooring, while the second floor is carpeted. The roof was replaced 4 years ago, and the refrigerator and water heater are only 1 year old. The full unfinished basement and 2-car garage complete the package.
Unit Size
2,041 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
House
Property Taxes
$691
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11770054)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Apr 28, 2023 Listed by Coldwell Banker Realty $375,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,015
  • Garage Type: 7
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,056
  • Gross Building Area: 3,056
  • Building Area: 2,041
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,041
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBINSONS TURNER CROSSING SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ROBINSONS TURNER CROSSING SUB ALL

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841401

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-E5
  • Parcel: 04-10-427-003
  • Lot: 4
  • Municipality: WINFIELD
  • Latitude: 41.8783
  • Longitude: -88.1884

    Address

  • Full Address: 863 Jeri Ln
  • Address - House Number: 863
  • Address - Street Name: Jeri
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C012
  • 4-Digit Zip Code: 7400
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $862,802
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 388,314
  • High Value: 455,379
  • Low Value: 321,250

    Market Valuation

  • Market Total Value: $306,480
  • Market Land Value: $70,260
  • Market Improvement Value: $236,220

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,160
  • Assessed Land Value: $23,420
  • Assessed Improvements Value: $78,740

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 34677
  • Previous Sale Recording Date: Oct 22, 2003
  • Previous Sale Contract Date: Oct 17, 2003
  • Previous Sale Amount: $268,500
  • Previous Sale Document Type: 71
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:

$384,950

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2315 ft²

Average Home Age

62.6 years

Currently For Sale

19 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

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MRED

Listed by: Tracy Tran, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11770054
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 863 Jeri Lane built and last sold?
The property at 863 Jeri Lane was built in 2003 and last sold on May 25, 2023 for $375,000.
How much is this home worth?
The estimated value of the home located at 863 Jeri Lane is $0.
What are some comparable homes to 863 Jeri Lane?
There are currently no comparable homes to 863 Jeri Lane.
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