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New Lenox 60451
1239 N Cedar Road
$225,000
● Land - Off Market

1239 N Cedar Road

New Lenox, IL 60451
bedrooms
Studio
bathrooms
0 Bath
$1,269
Est. Monthly
4.06%
Cap Rate

About This Property

Property recently zoned C-3 allowing general business and most everything else below C-3. Surrounded by other small businesses which help to provide synergy to any business that would open here.  Access to I-355 approximately one mile north of this property. If you need more land, another lot, the same size, adjoins this one to the north....that lot had a small house on it that has recently been removed.  The property was re-zoned Commercial, and has not yet been assessed as a vacant commercial parcel.  The taxes for 2022 were $1,961.24. If you're looking for a nice location for your business without spending a small fortune, you found it here.
Unit Size
-
Days on Market
-
Land Size
0.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
$163
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: 3 years ago (MRED MLS #12022213)

Price History

Date / Event Date Event Price
Apr 30, 2024 Sold
Premium
Sold
Apr 8, 2024 No longer available -
No longer available
Apr 7, 2024 Listed by RE/MAX 10 $225,000
Listed by RE/MAX 10
Jul 9, 2023 Relisted $250,000
Relisted
Jul 8, 2023 No longer available -
No longer available
Show More

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: 12,584
  • 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: V
  • Subdivision: WILMSENS
  • Land Acres: 0000000290
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 6 IN WILMSEN'S SUB, OF LOTS 1 8 OF ARTHUR T MCINTOSH CO'S ADDITION TO NEW LENOX, BEING A SUB OF PRT OF THE SE1/4 OF SEC

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881107

Geography

  • Parcel: 15-08-09-406-006
  • Lot: 6
  • Meridian: SEC 16 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.528
  • Longitude: -87.9669

    Address

  • Full Address: 1239 N Cedar Rd
  • Address - House Number: 1239
  • Street Direction: N
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C006
  • 4-Digit Zip Code: 1253
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $205,890
  • Tax Rate Code Area: 1509

    Market Valuation

  • Market Total Value: $71,385
  • Market Land Value: $71,385

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,795
  • Assessed Land Value: $23,795

    Sales

  • Current Sale Contract Date: Aug 05, 2004
  • Current Sale Recording Date: Aug 06, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2004146201
  • Previous Sale Recording Date: Oct 03, 2000
  • Previous Sale Contract Date: Sep 28, 2000
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71
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 New Lenox

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2213 ft²

Average Home Age

30 years

Currently For Sale

49 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 122 Gall Lane, New Lenox, IL, 60451

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
122 Gall Lane, New Lenox, IL, 60451 Listing by Micah Kirstein
Unit for rent at 715 Tauber Road, New Lenox, IL, 60451

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
715 Tauber Road #715, New Lenox, IL, 60451 Listing by David Neven

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kitty Vancina, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 12022213
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 1239 North Cedar Road built and last sold?
The property at 1239 North Cedar Road was built in and last sold on Aug 5, 2004 for $190,000.
How much is this home worth?
The estimated value of the home located at 1239 North Cedar Road is $0.
What are some comparable homes to 1239 North Cedar Road?
There are currently no comparable homes to 1239 North Cedar Road.
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