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Lockport 60441
1237 Milne Drive
$380,000
● House - Off Market

1237 Milne Drive

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,407 Ft²
$2,652
Est. Monthly
5.73%
Cap Rate

About This Property

Welcome home! This charming split-level residence offers three bedrooms, a finished basement, and a completed attic space. Inside, you'll find beautifully refinished hardwood floors and a striking wall-to-wall brick fireplace on the lower level. The master bathroom boasts a stunningly renovated shower. The home also includes a generator for added convenience. The finished attic space is perfect for a home office. Outdoors, relax on the multi-level deck with scenic views of open space. Ideally located near shopping, downtown Lockport, and easy access to the expressway.
Unit Size
2,407 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$162
Property Type
House
Property Taxes
$737
HOA Dues
-
Year Built
-

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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 #12153701)

Price History

Date / Event Date Event Price
Jan 27, 2025 Sold
Premium
Sold
Sep 10, 2024 Listed by john greene, Realtor $389,900
Listed by john greene, Realtor

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,392
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ACRES
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 13 BLOCK 4 IN FIRST ACRES, BEING A SUB OF PRTS OF THE SW1/4 THE SE1/4 OF SEC 24, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880601

Geography

  • Parcel: 11-04-24-403-013
  • Block: 4
  • Lot: 13
  • Meridian: SEC 24 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5845
  • Longitude: -88.0337

    Address

  • Full Address: 1237 Milne Dr
  • Address - House Number: 1237
  • Address - Street Name: Milne
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: C005
  • 4-Digit Zip Code: 3816
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $884,604
  • Tax Rate Code Area: 1112

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 359,210
  • High Value: 400,563
  • Low Value: 317,858

    Market Valuation

  • Market Total Value: $288,273
  • Market Land Value: $75,258
  • Market Improvement Value: $213,015

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,091
  • Assessed Land Value: $25,086
  • Assessed Improvements Value: $71,005
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 Lockport

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1987 ft²

Average Home Age

28.8 years

Currently For Sale

64 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

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MRED

Listed by: Nathan Stillwell, john greene, Realtor
Last Updated: 2 years ago
Data Source: MRED, MLS# 12153701
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 1237 Milne Drive built and last sold?
The property at 1237 Milne Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1237 Milne Drive is $0.
What are some comparable homes to 1237 Milne Drive?
There are currently no comparable homes to 1237 Milne Drive.
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