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Chicago Heights 60411
Undisclosed Address
$55,000
● House - Off Market

Undisclosed Address

CHICAGO HEIGHTS, IL 60411
bedrooms
3 Beds
bathrooms
2 Baths
$95,159
RealtyHop Estimate
71.13%
Since Jun 1, 2007
National-US
Primary Model

About This Property

BANK OWNED                                    " AS IS SALE"  PRE-APPROVAL OR PROOF OF FUNDS REQUIRED WITH ALL OFFERS
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1898

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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: 2 years ago (MRED MLS #06351327)

Price History

Date / Event Date Event Price
May 7, 2007 Sold
Premium
Sold
Dec 1, 2006 Listed by Grove Limited, Realtors $55,606
Listed by Grove Limited, Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL TOWN OF CHICAGO HEIGHTS
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • 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: 32-20-208-005-0000
  • Block: 26
  • Lot: 4
  • Meridian: SEC 20 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5092
  • Longitude: -87.6389

    Address

  • Full Address: 1215 Otto Blvd
  • Address - House Number: 1215
  • Address - Street Name: Otto
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C050
  • 4-Digit Zip Code: 2732
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $50,975
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 12028

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 119,423
  • High Value: 149,937
  • Low Value: 88,908

    Market Valuation

  • Market Total Value: $65,630
  • Market Land Value: $28,130
  • Market Improvement Value: $37,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,563
  • Assessed Land Value: $2,813
  • Assessed Improvements Value: $3,750

    Sales

  • Current Sale Contract Date: Mar 15, 2011
  • Current Sale Recording Date: Mar 28, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1108740029
  • Previous Sale Recording Date: Feb 04, 2011
  • Previous Sale Contract Date: Jan 21, 2011
  • Previous Sale Document Type: 42
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:

$207,500

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1175 ft²

Average Home Age

70.5 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

Rentals Near You

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MRED

Listed by: , Grove Limited, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 06351327
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 1215 Otto Boulevard built and last sold?
The property at 1215 Otto Boulevard was built in 1898 and last sold on Mar 15, 2011 for $15,000.
How much is this home worth?
The estimated value of the home located at 1215 Otto Boulevard is $0.
What are some comparable homes to 1215 Otto Boulevard?
There are currently no comparable homes to 1215 Otto Boulevard.
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