$113,500
●
House -
Off Market
117 Michael Lane
NEW LENOX, IL 60451
3 Beds
2 Baths
1,100 Ft²
$189,493
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model
About This Property
Opportunity knocks! Entry level pricing for this 3 bedroom, 2 bath
single level home on the north side of New Lenox Township!
Unincorporated for lower taxes: New Lenox grade school district
#122 and Lincolnway West High School. Fabulous fast and EZ access
to I-355, Silver Cross, I-80. Sizeable living room w/hardwood
flooring. Galley kitchen with dinette area. Original garage was
converted into large master bedroom w/private full (shower) bath
and large closet. Updated/upgraded roof. Central air. Roomy lot
with garden shed - bring your chickens and plant your garden! Needs
updating and some vision, but it's got great bones and oodles of
potential to make it a charmer. Ideal for first time buyers looking
for a sweat equity opportunity or could be a great rental for a
savvy investor. As-is sale, sorry no FHA or VA financing.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$105
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
-
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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 #09513272)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Mar 8, 2024 | Listed by john greene, Realtor | $260,000 | |
| Listed by john greene, Realtor | |||
| | |||
|
***NO HOA and LOW TAXES*** Ranch style home with 3 full bedrooms and 2 full bathrooms located in unincorporated New Lenox. Original hardwood floors and updated bathrooms are just the start. Kitchen has newer appliances and modern cabinets. Oversized backyard and shed. New windows in 2018. Roof was upgraded in 2016. Central A/C and newer water Osmosis system installed. All appliances included. Fabulous fast and EZ access to I-355, Silver Cross Hospital, I-80.**INVESTORS** this property is currently rented for $2000/month and easily will rent again with the hospital so close! Private showings allowed to serious buyers. This home will not last long! Call today for more information!
| |||
| Mar 31, 2017 | Sold | ||
| Sold | |||
| Feb 25, 2017 | Listed by RE/MAX 10 | $115,000 | |
| Listed by RE/MAX 10 | |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About New Lenox
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Listed by: , RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 09513272
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09513272
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