522 Bobby Ln Mundelein, IL 60060

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3 beds · 1 bath · 1,034 sq ft · Lot Size: 7,802 sq ft · Single Family Home · Mundelein Gardens
Est. Property Value: $247,889
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522 Bobby Ln is in the Mundelein Gardens neighborhood of Mundelein, IL. It is located in Lake County and ZIP code 60060. This Single Family Home was built in 1958 and is approximately 67 years old. The single family home spans 1034 sq ft with 3 bedrooms and 1 bathroom and sits on a 7802 sq ft lot. According to public records, it has a tax-assessed value of $231,201, which is $240 per sq ft. The Mundelein Gardens area of Mundelein has 155 residential homes with an average size of 1066 sq ft. Analyze and compare real estate investment strategies for properties like this home at 522 Bobby Ln Mundelein, IL 60060 with Property Intel by Whitepages.

522 Bobby Ln

Mundelein, IL 60060

Owner Info

Owners & Occupancy for 522 Bobby Ln

This property is owned by Elaine H Kurtz. Owner contact information includes 2 phone numbers and 3 email addresses.

Property Owners

Cell Phone(618) ***-****View Cell Phone
Residence*************
Landline(847) 566-4830
Distance from Property**********
Email Address******@sbcglobal.netView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 93
Resident 2*******

Property Financials for 522 Bobby Ln

522 Bobby Ln, Mundelein, IL has no known mortgage. The Lake county assessment for 2023 values it at $231,201, with annual taxes of $2,901.

Property Tax

Property Tax Amount$2,901 in 2022
Assessed Value$231,201 on 2023

Investment Potential for 522 Bobby Ln

The property has a current estimated value of $247,889, which is 7% above the neighborhood median. Projected long-term rental income is $33,000 annually ($2,750 per month) with a 96% occupancy rate.

Discover more Single Family Homes in Mundelein Gardens.

Long-Term

Gross Rental
$33,000 per year($2,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 60060 zip code
 
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Property Details for 522 Bobby Ln

Property Details

Property Sq Ft

Living Area

1,034 sq ft

3% below market

Lot Size

7,802 sq ft

0% above market

Price Per Sq Ft

Living Area

$240 / sq ft

25% above market

Lot Size Area

$32 / sq ft

12% above market

Property condition, age, exterior, etc. for 522 Bobby …
Longitude: -88.011423 Latitude: 42.27101 Parcel Number (APN): 10-24-419-018-0000…

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Discover more single family homes near 522 Bobby Ln in Mundelein, Illinois. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 522 Bobby Ln in Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$247,889
$220,711
$27,178 (12%)
YoY Price Change
Year Built
1958
1961
-3 years
Living Space
1,034 sq ft
1,342 sq ft
-308 (-23%)
$ Per Living Sq Ft
$240
$154
$85 (55%)
Lot Size
7,802 sq ft
7,425 sq ft
377 (5%)
$ Per Lot Sq Ft
$32
$29
$3 (10%)

Net Operating Income
$22,237
$1,627 (7%)
Annual Revenue
$33,000
$33,600
-$600 (-2%)
$11,093
-$1,957 (-18%)
Net Operating Income
$22,237
$1,627 (7%)
Cap Rate
9.91%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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