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Des Plaines 60016
885 Walnut Court
$375,000
● House - Off Market

885 Walnut Court

Des Plaines, IL 60016
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$2,143
Est. Monthly
6.43%
Cap Rate

About This Property

MULTIPLE OFFERS RECEIVED. FINAL AND BEST DUE BY WEDNESDAY 3/13/24 AT 12PM. Brick and stone ranch with 3 bedrooms, 2 bath in the sought after Villas. 2 car garage from the rear. Beautifully redone with great finishes. Great location near schools, parks, shopping, restaurants, expressways and METRA. Recently replaced the flooring, outdoor posts, and dishwasher. The home is being sold AS IS.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$236
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1954

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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 #12001336)

Price History

Date / Event Date Event Price
Apr 3, 2024 Sold
Premium
Sold
Mar 11, 2024 Listed by United Realty and Development $354,000
Listed by United Realty and Development

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,256
  • Total Building Area: 1,210
  • Gross Building Area: 1,210
  • Building Area: 1,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,210
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DES PLAINES VILLAS
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: LOT 2 EXCEPT E 7 5 FT E 21 5 FT LOT 3 IN BLK 22 IN DES PLAINES VILLAS W2 NW4 OF SEC20 T41N R12E 3P

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806300

Geography

  • District: 22
  • Parcel: 09-20-115-018-0000
  • Block: 22
  • Lot: 2
  • Meridian: SEC 20 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0317
  • Longitude: -87.9022

    Address

  • Full Address: 885 Walnut Ct
  • Address - House Number: 885
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C004
  • 4-Digit Zip Code: 6246
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $484,873
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 347,599
  • High Value: 382,744
  • Low Value: 312,454

    Market Valuation

  • Market Total Value: $261,520
  • Market Land Value: $61,920
  • Market Improvement Value: $199,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,152
  • Assessed Land Value: $6,192
  • Assessed Improvements Value: $19,960

    Sales

  • Current Sale Contract Date: Jan 30, 2017
  • Current Sale Recording Date: Feb 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1703408022
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1643 ft²

Average Home Age

53.9 years

Currently For Sale

110 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: Anthony Khoshabe, United Realty and Development
Last Updated: 3 years ago
Data Source: MRED, MLS# 12001336
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 885 Walnut Court built and last sold?
The property at 885 Walnut Court was built in 1954 and last sold on Jan 30, 2017 for $161,000.
How much is this home worth?
The estimated value of the home located at 885 Walnut Court is $0.
What are some comparable homes to 885 Walnut Court?
There are currently no comparable homes to 885 Walnut Court.
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