487 Sheridan Rd

Highland Park, IL 60035
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4 bd, 4 ba | 2,056 sqft | Built in 1956

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List Price
$1,175,000

Initial Investment

$320,188

Purchase Price

$1,175,000

Down Payment

25%

Rent

$3,950

Total Return

-$41,848

Annualized Return

-2.0%

Cap Rate

0.6%

Gross Yield

4.0%

Cash Flow

-$58,615

Appreciation

4.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,306

HOA

None

Flood Risk

Not Required

Welcome to this stunning mid-century split-level home, completely rebuilt from top to bottom, situated on a picturesque ravine in Highland Park's coveted Braeside School District. This meticulously transformed residence features 4 spacious bedrooms and 3.5 beautifully designed bathrooms. Every detail has been attended to, with all new systems including HVAC, plumbing, and electrical throughout. The exterior showcases brand new siding, roof and windows ensuring long-lasting quality. Enjoy year-round comfort with two new air conditioning units and furnaces. Inside, you'll find solid core shaker doors, 7-inch white oak floors throughout, and custom high-end finishes that elevate the living experience. The chef's kitchen boasts custom cabinetry with premium integrated appliances, creating a seamless and modern look. A conveniently located laundry room on the second floor adds to the home's functionality. All this and much more, don't miss this opportunity to own a luxurious, move-in-ready home in an ideal location!

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$45,030

Expenses

-$8,015

Property Taxes

-$31,750

Loan Payments

-$63,879

Net Cash Flow

-$58,615

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Michael Dickstein
Agent License 475171900
@properties Christie's International Real Estate
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12216236
Last Updated: 12/03/2024 19:12
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