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Mount Prospect 60056
904 S Tower Drive
$450,000
● House - Off Market

904 S Tower Drive

Mount Prospect, IL 60056
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,096 Ft²
$2,522
Est. Monthly
4.70%
Cap Rate
Unit Size
1,096 Ft²
Days on Market
-
Land Size
-
Price per sqft
$365
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,096
  • Gross Building Area: 1,096
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,096
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB TERRACE
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (COUNTRY) (CLUB) (TERRACE) SUB OF PT OF LT 16 & PT OF LT 18 IN OWNERS SUB OF SEC 13 SEC 13-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804902

Geography

  • District: 16
  • Parcel: 08-13-107-015-0000
  • Lot: 16,18
  • Meridian: SEC 13 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0492
  • Longitude: -87.9399

    Address

  • Full Address: 904 S Tower Dr
  • Address - House Number: 904
  • Street Direction: S
  • Address - Street Name: Tower
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C058
  • 4-Digit Zip Code: 4258
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,910
  • Tax Rate Code Area: 16016

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 374,924
  • High Value: 460,534
  • Low Value: 289,313

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $81,250
  • Market Improvement Value: $218,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $8,125
  • Assessed Improvements Value: $21,875

    Sales

  • Current Sale Contract Date: Jun 29, 2009
  • Current Sale Recording Date: Jul 13, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0919441021
  • Previous Sale Recording Date: Nov 03, 2000
  • Previous Sale Contract Date: Oct 31, 2000
  • Previous Sale Amount: $225,000
  • 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 Mount Prospect

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1672 ft²

Average Home Age

55.8 years

Currently For Sale

87 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 290 N Westgate Road, Mount Prospect, IL, 60056

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,600 ft²
290 N Westgate Road #203, Mount Prospect, IL, 60056 Listing by Rafay Qamar
Unit for rent at 1515 E Central Road, Arlington Heights, IL, 60005

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
1515 E Central Road #258A, Arlington Heights, IL, 60005 Listing by Tad Szmelter
Unit for rent at 505 S Cleveland Avenue, Arlington Heights, IL, 60005

$2,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,130 ft²
505 S Cleveland Avenue #207, Arlington Heights, IL, 60005 Listing by Syuzanna Zakharchuk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jamie Machel, Baird & Warner
Data Source: MRED, MLS# MRD12418621
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 904 South Tower Drive built and last sold?
The property at 904 South Tower Drive was built in 1957 and last sold on Jun 29, 2009 for $297,000.
How much is this home worth?
The estimated value of the home located at 904 South Tower Drive is $397,177.
What are some comparable homes to 904 South Tower Drive?
There are currently no comparable homes to 904 South Tower Drive.
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