904 W Gilbert Road
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Nov 4, 2023 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Listed by RE/MAX Destiny | $449,900 | |
| Listed by RE/MAX Destiny | |||
| Oct 25, 2023 | In contract | - | |
| In contract | |||
| Oct 11, 2023 | Listed by Re/Max Destiny | $524,900 | |
| Listed by Re/Max Destiny | |||
| | |||
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Are you looking for a large ranch home with a fantastic neighborhood feel, then this is the one for you! As you walk up to the home there is a stately feel with the brick exterior, gated entrance, front composite deck and double door entry. Once inside you are greeted with a wide-open foyer providing access to a big mudroom off the garage, family room and living room. The family room is enormous with a nook for a desk and a floor to ceiling brick gas log fireplace. The living/dining room area has over sized sun-drenched windows and hardwood floors. The kitchen is laid out perfectly with tons of cabinet space, pantry, countertop area, mosaic tile backsplash, coffee nook and eat in kitchen. The master bedroom is gigantic featuring a walk-in closet along with three other closet areas with custom smoked glass doors, built in safe and a remodeled bathroom. The two other bedrooms are larger than normal with sizable closets and ceiling fans. The finished basement offers two additional living areas, a laundry room and lots of storage space. The backyard is wonderfully landscaped with a wide-open concrete patio, pergola, glass area and huge side yard with a custom fence. This neighborhood is walking distance to parks and highly sought after schools including top ranked Fremd High School. Downtown Palatine is just over a mile away featuring all the shopping/restaurants you can imagine, and the Metra stop. 2000+ square foot ranch homes are hard to find in this market, this one will not last long! ***Seller is offering a $10,000 credit at closing for carpets and minor updates!!!*** The manager has listed the unit size as 2076 square feet.
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About Palatine
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017