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Morton Grove 60053
8918 Mango Avenue
$460,000
● House - Off Market

8918 Mango Avenue

Morton Grove, IL 60053
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,800 Ft²
$455,115
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Excellent opportunity to own this bright and spacious brick step ranch in the highly desirable East Morton Grove area. Move-in ready home featuring over 1,800 SF of living space, 3 bedrooms, 2.5 baths, gleaming hardwood floors on the main floor, finished basement with huge family room and a full bath. New tear-off roof, newer windows, new deck and a new garage door. Nicely sized eat-in kitchen with stainless steel appliances and new quartz countertops. Professionally landscaped fenced-in yard. Great location near award-winning schools, parks, shopping and expressways.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$250
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1960

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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 #11383232)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
Apr 22, 2022 Listed by Guidance Realty $449,900
Listed by Guidance Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 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: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Total Building Area: 1,380
  • Gross Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BATES SECOND L TERMINAL
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (BATES) (SECOND) (L) (TERMINAL) ADD A SUB OF W10ACS S E SEC & E5ACS SW SE SEC 17-41-13

Neighborhood

  • School District Name: Morton Grove School District 70
  • Census Tract: 808500

Geography

  • District: 24
  • Parcel: 10-17-420-031-0000
  • Lot: 12
  • Meridian: SEC 17 TWN 41N RNG 13E
  • Municipality: NILES
  • Latitude: 42.0434
  • Longitude: -87.7705

    Address

  • Full Address: 8918 Mango Ave
  • Address - House Number: 8918
  • Address - Street Name: Mango
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morton Grove
  • Carrier Code: C018
  • 4-Digit Zip Code: 2540
  • Zip Code: 60053

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $470,208
  • Tax Rate Code Area: 24017

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 373,492
  • High Value: 457,892
  • Low Value: 289,093

    Market Valuation

  • Market Total Value: $201,640
  • Market Land Value: $48,750
  • Market Improvement Value: $152,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,164
  • Assessed Land Value: $4,875
  • Assessed Improvements Value: $15,289

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18134
  • Previous Sale Recording Date: Oct 11, 2005
  • Previous Sale Contract Date: Sep 22, 2005
  • Previous Sale Amount: $409,000
  • 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 Morton Grove

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1636 ft²

Average Home Age

48.3 years

Currently For Sale

42 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 8300 Callie Avenue, Morton Grove, IL, 60053

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,281 ft²
8300 Callie Avenue #412, Morton Grove, IL, 60053 Listing by Eric Bjorkman
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 5135 Greenwood Street, Skokie, IL, 60077

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
5135 Greenwood Street #01, Skokie, IL, 60077 Listing by Imran Haq

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Syed Hashmi, Guidance Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11383232
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 8918 Mango Avenue built and last sold?
The property at 8918 Mango Avenue was built in 1960 and last sold on Jun 15, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 8918 Mango Avenue is $0.
What are some comparable homes to 8918 Mango Avenue?
There are currently no comparable homes to 8918 Mango Avenue.
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