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Chicago Heights 60411
1138 Emerald Avenue
$161,000
● House - Off Market

1138 Emerald Avenue

Chicago Heights, IL 60411
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,416 Ft²
$1,028
Est. Monthly
16.19%
Cap Rate

About This Property

***GUT REHABBED IN 2012*** NEW KITCHEN *** NEW BATHROOM ** NEW FLOORING *** NEW FIXTURES *** CLEAN 4 BED 1 BATH HOME WITH EXPANSIVE LIVING AND DINING AREA *** CHARMING HOME WITH FULL BASEMENT *** NEW APPLIANCES *** DECK IN BACKYARD **** COME TAKE A LOOK ****
Unit Size
1,416 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$113
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1911

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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 #12008049)

Price History

Date / Event Date Event Price
May 20, 2024 Sold
Premium
Sold
Mar 19, 2024 Listed by Leverage Investments, LLC $159,900
Listed by Leverage Investments, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,650
  • Total Building Area: 1,416
  • Gross Building Area: 1,416
  • Building Area: 1,416
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,416
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL TOWN OF CHICAGO HEIGHTS
  • Land Acres: 0000000107
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (ORIGINAL) TOWN OF (CHICAGO)(HEIGHTS) SUB OF PT OF SE C 21 & OF PT SEC 20 LYING E OF CENTER LINE OF CHICAGO VINCENNES RD EH S

Neighborhood

  • School District Name: Chicago Heights School District 170
  • Census Tract: 828900

Geography

  • District: 12
  • Parcel: 32-21-105-034-0000
  • Block: 35
  • Lot: 28,29
  • Meridian: SEC 20 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5102
  • Longitude: -87.6346

    Address

  • Full Address: 1138 Emerald Ave
  • Address - House Number: 1138
  • Address - Street Name: Emerald
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C027
  • 4-Digit Zip Code: 2714
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $291,065
  • Tax Rate Code Area: 12028

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 86,930
  • High Value: 95,719
  • Low Value: 78,141

    Market Valuation

  • Market Total Value: $71,490
  • Market Land Value: $17,440
  • Market Improvement Value: $54,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,149
  • Assessed Land Value: $1,744
  • Assessed Improvements Value: $5,405

    Sales

  • Current Sale Contract Date: Sep 17, 2007
  • Current Sale Recording Date: Sep 24, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0726726120
  • Previous Sale Recording Date: May 09, 2007
  • Previous Sale Contract Date: May 01, 2007
  • Previous Sale Amount: $51,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: VAR
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 Chicago Heights

Stats & Trends

Median Asking:

$208,250

Sale Price/ft²

$158

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1183 ft²

Average Home Age

69.2 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

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MRED

Listed by: Jeannie Autry, Leverage Investments, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12008049
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 1138 Emerald Avenue built and last sold?
The property at 1138 Emerald Avenue was built in 1911 and last sold on Sep 17, 2007 for $140,000.
How much is this home worth?
The estimated value of the home located at 1138 Emerald Avenue is $0.
What are some comparable homes to 1138 Emerald Avenue?
There are currently no comparable homes to 1138 Emerald Avenue.
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