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Park Forest 60466
120 Peach Street
$124,900
● House - Off Market

120 Peach Street

Park Forest, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
square feet
949 Ft²
$131,807
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Seeing is believing. Move right into this completely remodeled ranch house with a huge fenced backyard and a garage with an attached enclosed porch.  Remodeled kitchen with new cabinets, flooring, and granite countertops. Laminated wood flooring in the living room and bedrooms with new ceramic floor tiles in the kitchen and utility room. Updated bathroom with new vanity, toilet, and glossy ceramic tiles for tub surround.  This home has been beautifully kept with fresh paint throughout. Newer Stainless steel appliances in the kitchen and utility room (Washer and Dryer). (NOTE: Master bedroom window will be replaced. Its on order).
Unit Size
949 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1951

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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 #11635865)

Price History

Date / Event Date Event Price
Nov 9, 2022 Sold
Premium
Sold
Sep 22, 2022 Listed by KMS Realty, Inc. $124,900
Listed by KMS Realty, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 949
  • Gross Building Area: 949
  • Building Area: 949
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 949
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA2
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (VILLAGE) OF PARK (FOREST) (AREA2) SUB IN SEC 36-35-13

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830300

Geography

  • District: 32
  • Parcel: 31-36-103-040-0000
  • Block: 11
  • Lot: 38
  • Meridian: SEC 36 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4792
  • Longitude: -87.6842

    Address

  • Full Address: 120 Peach St
  • Address - House Number: 120
  • Address - Street Name: Peach
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C011
  • 4-Digit Zip Code: 2020
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,531
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 98,602
  • High Value: 124,739
  • Low Value: 72,464

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $26,250
  • Market Improvement Value: $73,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $2,625
  • Assessed Improvements Value: $7,375

    Sales

  • Current Sale Contract Date: Nov 09, 2022
  • Current Sale Recording Date: Nov 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28383
  • Previous Sale Recording Date: Sep 23, 2022
  • Previous Sale Contract Date: Sep 22, 2022
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 55
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 Park Forest

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$128

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1469 ft²

Average Home Age

70.2 years

Currently For Sale

129 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 398 W Lincoln Highway, Chicago Heights, IL, 60411

$1,450 /mo

  • Studio
  • 1 Bath
  • 625 ft²
398 W Lincoln Highway #B, Chicago Heights, IL, 60411 Listing by Sandra Lee

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bobby Kothari, KMS Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11635865
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 120 Peach Street built and last sold?
The property at 120 Peach Street was built in 1951 and last sold on Nov 9, 2022 for $125,000.
How much is this home worth?
The estimated value of the home located at 120 Peach Street is $0.
What are some comparable homes to 120 Peach Street?
There are currently no comparable homes to 120 Peach Street.
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