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Chicago 60643 Longwood Manor
1229 W 98TH Street
$53,500
● House - Off Market

1229 W 98TH Street

CHICAGO, IL 60643
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,980 Ft²
$132,327
RealtyHop Estimate
120.91%
Since Dec 1, 2010
National-US
Primary Model

About This Property

WOW! 5 BDRM BRICK BUNGALOW LOCATED ON A GOOD BLOCK, JUST WAITING TO BE UPDATED. YOU WON'T WANT YOUR BUYER TO MISS THIS ONE.  CLOSE BY 12/31/10 AND WITHIN 60 DAYS OF OFFER ACCEPTANCE AND RECEIVE UP TO 3.5% IN CLOSING COSTS ASSISTANCE FOR OWNER OCCUPANT. ELIGIBILITY RESTRICTIONS APPLY.  PROPERTY MUST REMAIN ON MARKET FOR 15 DAYS PRIOR TO ANY INVESTOR OFFERS BEING CONSIDERED. ADDENDUMS MUST ACCOMPANY ALL OFFERS.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
-
Price per sqft
$30
Property Type
House
Property Taxes
$160
HOA Dues
-
Year Built
1941

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 63
  • 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: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,400
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHICAGO ROCK ISLAND & PACIFIC
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 730400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-08-116-046-0000
  • Lot: 3,4
  • Meridian: SEC 08 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7156
  • Longitude: -87.6539

    Address

  • Full Address: 1229 W 98th St
  • Address - House Number: 1229
  • Street Direction: W
  • Address - Street Name: 98th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C020
  • 4-Digit Zip Code: 1443
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $403,921
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 330,650
  • High Value: 410,240
  • Low Value: 251,059

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $40,500
  • Market Improvement Value: $189,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $4,050
  • Assessed Improvements Value: $18,950

    Sales

  • Current Sale Contract Date: May 27, 2011
  • Current Sale Recording Date: Jun 17, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1116833088
  • Previous Sale Recording Date: Dec 16, 2010
  • Previous Sale Contract Date: Nov 24, 2010
  • Previous Sale Amount: $53,500
  • Previous Sale Document Type: 20

    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 South Side

Stats & Trends

Median Asking:

$281,150

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1128 ft²

Average Home Age

93 years

Currently For Sale

669 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 10145 S Lafayette Avenue, Chicago, IL, 60628

$3,600 /mo

  • 5 Beds
  • 3 Baths
  • 3,540 ft²
10145 S Lafayette Avenue, Chicago, IL, 60628 Listing by Neal Ratner

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sally Crachy, Applebrook Realty, Inc.
Data Source: MRED, MLS# MRD07641943
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 1229 West 98th Street built and last sold?
The property at 1229 West 98th Street was built in 1941 and last sold on May 27, 2011 for $179,000.
How much is this home worth?
The estimated value of the home located at 1229 West 98th Street is $0.
What are some comparable homes to 1229 West 98th Street?
There are currently no comparable homes to 1229 West 98th Street.
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