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Chicago 60636 Englewood
1271 W 71st Place
$40,000
● House - Off Market

1271 W 71st Place

Chicago, IL 60636
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,054 Ft²
$53,915
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Welcome to an opportunity to own a historical home in West Englewood. This home boasts of 4 bedrooms and 2 bathrooms, with a full basement with unlimited potential. The home needs some TLC but would be a perfect home for the visionary buyer or a savvy investor. Home is being sold AS-IS and CASH ONLY.
Unit Size
1,054 Ft²
Days on Market
-
Land Size
-
Price per sqft
$51
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910

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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.

Last updated: 3 years ago (MRED MLS #11684635)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Dec 6, 2022 Listed by Stuart Quinn Realty, LLC $53,500
Listed by Stuart Quinn Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 1,054
  • Gross Building Area: 1,054
  • Building Area: 1,054
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,054
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEDDELL & COXS HILLSIDE
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WEDDELL) & (COXS) (HILLSIDE) SUB OF PT NW SEC 29-38-14

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 671800

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Mar 02, 2025
  • District: 72
  • Parcel: 20-29-109-005-0000
  • Block: 2
  • Lot: 25,26
  • Meridian: SEC 29 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7639
  • Longitude: -87.6568

    Address

  • Full Address: 1271 W 71st Pl
  • Address - House Number: 1271
  • Street Direction: W
  • Address - Street Name: 71st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C006
  • 4-Digit Zip Code: 4158
  • Zip Code: 60636

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 49,042
  • High Value: 61,210
  • Low Value: 36,875

    Market Valuation

  • Market Total Value: $30,000
  • Market Land Value: $16,250
  • Market Improvement Value: $13,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,000
  • Assessed Land Value: $1,625
  • Assessed Improvements Value: $1,375

    Sales

  • Current Sale Contract Date: May 02, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10177
  • Previous Sale Recording Date: Sep 12, 2000
  • Previous Sale Contract Date: Aug 31, 2000
  • Previous Sale Amount: $65,000
  • 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 South Side

Stats & Trends

Median Asking:

$283,500

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1148 ft²

Average Home Age

92.7 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

Rentals Near You

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MRED

Listed by: Quentin Washington, Stuart Quinn Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11684635
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 1271 West 71st Place built and last sold?
The property at 1271 West 71st Place was built in 1910 and last sold on May 2, 2023 for $43,000.
How much is this home worth?
The estimated value of the home located at 1271 West 71st Place is $0.
What are some comparable homes to 1271 West 71st Place?
There are currently no comparable homes to 1271 West 71st Place.
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