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Minooka 60447
1111 Burns Lane
$271,000
● House - Off Market

1111 Burns Lane

Minooka, IL 60447
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,462 Ft²
$1,889
Est. Monthly
$139
HOA / Fees
9.16%
Cap Rate

About This Property

LISTED FOR SALE ONLY, NOT LISTED FOR RENT. Outstanding 1/2 Duplex in Lakewood Trails Subdivision of Minooka. This home has been completely refreshed and is move in ready. Brand new carpet and flooring throughout. Fresh paint throughout. White Kitchen cabinetry and a pantry closet in the kitchen. The large primary bedroom has vaulted ceilings and a large walk-in closet. Convenient 2nd floor laundry room. New flooring in both bathrooms. Brand new roof. White trim and doors throughout. Other great amenities include a 1 car-attached garage, fully fenced yard and brick paver patio.  Nothing to do but move right in!
Unit Size
1,462 Ft²
Days on Market
-
Land Size
-
Price per sqft
$191
Property Type
House
Property Taxes
$377
HOA Dues
$139
Year Built
2005

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 4,356
  • Total Building Area: 1,462
  • Gross Building Area: 1,462
  • Building Area: 1,462
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,462
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD TRAILS
  • Land Acres: 0000000100
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LAKEWOOD TRAILS UNIT 2B W1/2 LT 617 SEC 14-34-8

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 000103

Geography

  • District: 01
  • Parcel: 03-14-102-069
  • Lot: 617
  • Meridian: SEC 14 TWN 34N RNG 08W
  • Municipality: AUX SABLE TOWNSHIP
  • Latitude: 41.4298
  • Longitude: -88.2851

    Address

  • Full Address: 1111 Burns Ln
  • Legal Unit: 2B
  • Address - House Number: 1111
  • Address - Street Name: Burns
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Minooka
  • Carrier Code: R007
  • 4-Digit Zip Code: 4557
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $393,121
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 208,969
  • High Value: 247,651
  • Low Value: 170,286

    Market Valuation

  • Market Total Value: $147,030
  • Market Land Value: $20,808
  • Market Improvement Value: $126,222

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,010
  • Assessed Land Value: $6,936
  • Assessed Improvements Value: $42,074
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 Minooka

Stats & Trends

Median Asking:

$372,450

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2266 ft²

Average Home Age

27.1 years

Currently For Sale

37 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

Rentals Near You

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MRED

Listed by: Edward Lukasik, RE/MAX Professionals
Data Source: MRED, MLS# MRD12405566
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 1111 Burns Lane built and last sold?
The property at 1111 Burns Lane was built in 2005 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1111 Burns Lane is $0.
What are some comparable homes to 1111 Burns Lane?
There are currently no comparable homes to 1111 Burns Lane.
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