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West Chicago 60185
981 Apple Tree Lane
$277,575
● House - Off Market

981 Apple Tree Lane

West Chicago, IL 60185
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,636 Ft²
$1,946
Est. Monthly
$262
HOA / Fees
10.22%
Cap Rate

About This Property

Rarely available 3-bedroom, 2-bath end-unit townhome in the sought-after Apple Tree Townhomes of West Chicago. This spacious 2-story gem features a charming balcony off of the dining area and hardwood floors throughout. Also located on the main floor is the large primary bedroom, walk-in closet, ensuite bathroom, and the second bedroom. As you reach the lower level, the second full bath has been recently renovated. The downstairs bedroom also has the potential to be an office, rec area, or more storage space. This level also conveniently connects to the two car attached garage.
Unit Size
1,636 Ft²
Days on Market
-
Land Size
-
Price per sqft
$162
Property Type
House
Property Taxes
$382
HOA Dues
$262
Year Built
1996

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 40
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 540
  • Garage Type: 7
  • Garage Square Area: 479
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Lot Size Depth Feet: 560
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,636
  • Gross Building Area: 1,636
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLE TREE PHASE 1 ASSMT PLAT
  • Land Acres: 0000000040
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: APPLE TREE PHASE 1 ASSMT PLAT ALL

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841603

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-E7
  • Subdivision Phase Number: 1
  • Parcel: 04-15-405-045
  • Lot: 45
  • Municipality: WINFIELD
  • Latitude: 41.8587
  • Longitude: -88.1881

    Address

  • Full Address: 981 Apple Tree Ln
  • Address - House Number: 981
  • Address - Street Name: Apple Tree
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: West Chicago
  • Carrier Code: R008
  • 4-Digit Zip Code: 6501
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $458,208
  • Tax Rate Code Area: 4010

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 228,606
  • High Value: 266,566
  • Low Value: 190,645

    Market Valuation

  • Market Total Value: $163,410
  • Market Land Value: $28,620
  • Market Improvement Value: $134,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,470
  • Assessed Land Value: $9,540
  • Assessed Improvements Value: $44,930

    Sales

  • Current Sale Contract Date: Nov 15, 2000
  • Current Sale Recording Date: Dec 06, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2000-191653
  • Previous Sale Recording Date: Aug 27, 1996
  • Previous Sale Contract Date: Aug 23, 1996
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 West Chicago

Stats & Trends

Median Asking:

$384,900

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2036 ft²

Average Home Age

71.8 years

Currently For Sale

13 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: Katie Kenny, Real Broker, LLC
Data Source: MRED, MLS# MRD12309812
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 981 Apple Tree Lane built and last sold?
The property at 981 Apple Tree Lane was built in 1996 and last sold on Nov 15, 2000 for $149,000.
How much is this home worth?
The estimated value of the home located at 981 Apple Tree Lane is $0.
What are some comparable homes to 981 Apple Tree Lane?
There are currently no comparable homes to 981 Apple Tree Lane.
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