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Des Plaines 60016
956 E Grant Drive
$278,000
● House - Off Market

956 E Grant Drive

Des Plaines, IL 60016
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,235 Ft²
$267,063
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Welcome home! Move in ready, beautifully maintained brick ranch in the highly desirable villas. Spacious, bright home that has a great flow. Family room has sliding doors that lead to the backyard.  Owners take pride in their home and have added many updates. Freshly painted throughout. Updates include: bathroom, new refrigerator (2022), roof (2020), skylights (2020), water heater (2020), light fixtures, ceiling fans installed, and recessed lighting installed (2018), central air installed (2018), washer, dryer, and oven (2017). Nothing for you to do except move in! Close to parks and schools.
Unit Size
1,235 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$215
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1954

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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 #11381907)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Apr 21, 2022 Listed by Berkshire Hathaway HomeServices Chicago $265,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • 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: 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: 6,600
  • Total Building Area: 1,057
  • Gross Building Area: 1,057
  • Building Area: 1,057
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,057
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DES PLAINES VILLAS
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 22
  • Parcel: 09-20-106-030-0000
  • Block: 10
  • Lot: 9,10
  • Meridian: SEC 20 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0354
  • Longitude: -87.9032

    Address

  • Full Address: 956 E Grant Dr
  • Address - House Number: 956
  • Street Direction: E
  • Address - Street Name: Grant
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C004
  • 4-Digit Zip Code: 6209
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $636,805
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 310,043
  • High Value: 381,864
  • Low Value: 238,221

    Market Valuation

  • Market Total Value: $247,480
  • Market Land Value: $49,500
  • Market Improvement Value: $197,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,748
  • Assessed Land Value: $4,950
  • Assessed Improvements Value: $19,798

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7404
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

$252

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1592 ft²

Average Home Age

50.4 years

Currently For Sale

104 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 770 Pearson Street, Des Plaines, IL, 60016

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,528 ft²
770 Pearson Street #209, Des Plaines, IL, 60016 Listing by Peter Bellert
Unit for rent at 2209 Douglas Avenue, Des Plaines, IL, 60018

$2,500 /mo

  • 3 Beds
  • 4 Baths
  • 1,422 ft²
2209 Douglas Avenue, Des Plaines, IL, 60018 Listing by Zeeshan Bhimji

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carla Visoky, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11381907
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 956 East Grant Drive built and last sold?
The property at 956 East Grant Drive was built in 1954 and last sold on May 16, 2022 for $278,000.
How much is this home worth?
The estimated value of the home located at 956 East Grant Drive is $269,210.
What are some comparable homes to 956 East Grant Drive?
There are currently no comparable homes to 956 East Grant Drive.
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