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Lockport 60441
1044 Milne Drive
$285,000
● House - Off Market

1044 Milne Drive

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,100 Ft²
$300,098
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Wonderful corner lot one block away from Lockport Township High School within Kelvin Grove School District. Close to amenities and I355 as well as Lockport Mainstreet restaurants, shops, community events and parks. So much new in this home: new siding on both the house and garage, new window and doors in the garage, new gutters, downspouts, soffits and fascia with gutter guards, New cabinets, counter tops and kitchen appliances, remodeled bathrooms as well as new mechanicals such as sump pump, water heater, furnace, and central AC. Chimney was rebuilt with new cap and new main sewer line with clean out in yard. Priced below comps due to windows and doors being original to the house. Agent has owner interest
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$136
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
-

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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 #11286367)

Price History

Date / Event Date Event Price
Feb 25, 2022 Sold
Premium
Sold
Dec 15, 2021 No longer available -
No longer available
Dec 14, 2021 Listed by Village Realty, Inc. $285,000
Listed by Village Realty, Inc.
Dec 5, 2021 No longer available -
No longer available
Dec 2, 2021 Listed by Century 21 Affiliated $295,000
Listed by Century 21 Affiliated
The manager has listed the unit size as 2100 square feet.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,224
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELVIN GROVE
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 375 UNIT 5C IN KELVIN GROVE, A SUB OF PART OF THE E1/2 OF THE SE1/4 OF SEC 23 THE SW1/4 OF SEC 24, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880601

Geography

  • Parcel: 11-04-24-309-024
  • Lot: 375
  • Meridian: SEC 24 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5869
  • Longitude: -88.0364

    Address

  • Full Address: 1044 Milne Dr
  • Legal Unit: 5C
  • Address - House Number: 1044
  • Address - Street Name: Milne
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: C005
  • 4-Digit Zip Code: 3765
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $752,114
  • Tax Rate Code Area: 1112

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 314,550
  • High Value: 365,439
  • Low Value: 263,661

    Market Valuation

  • Market Total Value: $245,097
  • Market Land Value: $59,208
  • Market Improvement Value: $185,889

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,699
  • Assessed Land Value: $19,736
  • Assessed Improvements Value: $61,963

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: Mar 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20948
  • Previous Sale Recording Date: Apr 22, 2019
  • Previous Sale Contract Date: Apr 17, 2019
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 4
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 Lockport

Stats & Trends

Median Asking:

$379,990

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2014 ft²

Average Home Age

31.5 years

Currently For Sale

72 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 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andrea Morice, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11286367
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 1044 Milne Drive built and last sold?
The property at 1044 Milne Drive was built in and last sold on Feb 7, 2022 for $285,000.
How much is this home worth?
The estimated value of the home located at 1044 Milne Drive is $0.
What are some comparable homes to 1044 Milne Drive?
There are currently no comparable homes to 1044 Milne Drive.
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