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Kankakee 60940
10562 Prairie Turn Court E
$22,500
● Land - Off Market

10562 Prairie Turn Court E

Grant Park, IL 60940
bedrooms
Studio
bathrooms
0 Bath
$233
Est. Monthly

About This Property

Ready to create something truly your own? This spacious one-acre homesite, tucked away on a quiet cul-de-sac, offers the perfect blend of peaceful country charm and neighborhood convenience. Enjoy wide open views, and soak in breathtaking sunrises and sunsets right from your future front porch.    Utilities are a plus here-natural gas is available, so there's no need for propane. The lot will require a well and septic, giving you flexibility as you design your ideal setup.    Take a drive through Prairie Farm Estates and see firsthand why this location stands out-you just might find it's exactly where your next chapter begins.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$85
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.

Property Highlights

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: 43,693
  • 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: V
  • Subdivision: PRAIRIE FARM EST PH 2
  • Land Acres: 0000001003
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: PRAIRIE FARM EST PH 2 LT 45 13-32-13E

Neighborhood

  • School District Name: Grant Park Community Unit School District 6
  • Census Tract: 010100

Zoning

  • Zoning: R1

Geography

  • District: 2
  • Parcel: 02-03-13-201-045
  • Lot: 45
  • Municipality: SUMNER
  • Latitude: 41.2619
  • Longitude: -87.6673

    Address

  • Full Address: 10562 Prairie Turn E
  • Address - House Number: 10562
  • Street Segment Direction: E
  • Address - Street Name: Prairie Turn
  • State: IL
  • City Name: Grant Park
  • Carrier Code: R002
  • 4-Digit Zip Code: 4038
  • Zip Code: 60940

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $85,682
  • Tax Rate Code Area: 2001

    Market Valuation

  • Market Total Value: $37,380
  • Market Land Value: $37,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,460
  • Assessed Land Value: $12,460

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11843
  • Previous Sale Recording Date: Jan 03, 2017
  • Previous Sale Contract Date: Dec 28, 2016
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: 36
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 Kankakee

Stats & Trends

Median Asking:

$239,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1694 ft²

Average Home Age

58.6 years

Currently For Sale

203 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: Gina LaMore, LaMore Realty
Data Source: MRED, MLS# MRD12623569
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 10562 Prarie Turn built and last sold?
The property at 10562 Prarie Turn was built in and last sold on Jul 29, 2021 for $15,000.
How much is this home worth?
The estimated value of the home located at 10562 Prarie Turn is $0.
What are some comparable homes to 10562 Prarie Turn?
There are currently no comparable homes to 10562 Prarie Turn.
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