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Chicago 60643 Morgan Park
1226 W 111th Place
$175,000
● House - Off Market

1226 W 111th Place

Chicago, IL 60643
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
1,558 Ft²
$1,007
Est. Monthly

About This Property

WELCOME HOME TO THIS CHARMING AND SPACIOUS MASONRY-BUILT TWO STORY HOME, NESTED IN MORGAN PARK!! THIS HOUSE FEATURES FOUR BEDROOMS, TWO FULL BATHS, TWO HALF BATHROOMS. DECENTLY SIZED MAIN LEVEL BEDROOM EQUIPPED WITH ON SUITE POWDER ROOM. OPEN FLOOR PLAN LIVING, WITH KITCHEN DINING COMBO. SS APPLIANCES, NEW QUARTZ COUNTER TOPS, AND LOVELY 42 INCH CABINETS. CENTRAL AIR, CENTRAL HEATING WITH NEW FURNANCE (2022), FRESH PAINT (2024), UPDATED BATHROOMS (2024). ENCLOSED BACKYARD, AND TWO CAR GARAGE! PLENTY OF SPACE FOR STORAGE AND FAMILY ENTERTAINMENT.
Unit Size
1,558 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$132
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

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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 #12098624)

Price History

Date / Event Date Event Price
Sep 20, 2024 Sold
Premium
Sold
Sep 14, 2024 In contract -
In contract
Aug 25, 2024 Price Decreased $205,000
↓ $5K (2.4%)
Price Decreased
Aug 1, 2024 Price Decreased $210,000
↓ $10K (4.6%)
Price Decreased
Jul 19, 2024 Price Decreased $220,000
↓ $15K (6.4%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,558
  • Gross Building Area: 1,558
  • Building Area: 1,558
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,558
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRIFFINS SUB/BLS 01-4
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750600

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-20-105-034-0000
  • Block: 1
  • Lot: 38
  • Meridian: SEC 20 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6915
  • Longitude: -87.6532

    Address

  • Full Address: 1226 W 111th Pl
  • Address - House Number: 1226
  • Street Direction: W
  • Address - Street Name: 111th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C025
  • 4-Digit Zip Code: 4514
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 72201

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 140,604
  • High Value: 204,794
  • Low Value: 76,413

    Market Valuation

  • Market Total Value: $55,000
  • Market Land Value: $20,310
  • Market Improvement Value: $34,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,500
  • Assessed Land Value: $2,031
  • Assessed Improvements Value: $3,469

    Sales

  • Current Sale Contract Date: Dec 08, 2016
  • Current Sale Recording Date: Dec 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1635149101
  • Previous Sale Recording Date: Sep 30, 2015
  • Previous Sale Contract Date: Sep 16, 2015
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Far South Chicago

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$164

Above Asking

32.48%

Average Days on Market

50

Average Home Size

1253 ft²

Average Home Age

94.2 years

Currently For Sale

776 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 11809 S Lafayette Avenue, Chicago, IL, 60628

$2,500 /mo

  • 5 Beds
  • 2 Baths
  • 1,040 ft²
11809 S Lafayette Avenue, Chicago, IL, 60628 Listing by Babajide Okechukwu

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Anthony Crudup, Family Pride Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12098624
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 1226 West 111th Place built and last sold?
The property at 1226 West 111th Place was built in 1955 and last sold on Dec 8, 2016 for $135,000.
How much is this home worth?
The estimated value of the home located at 1226 West 111th Place is $0.
What are some comparable homes to 1226 West 111th Place?
There are currently no comparable homes to 1226 West 111th Place.
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