128 Locust Avenue
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 24, 2025 | Listed by Keller Williams Westlake Village | $1,199,900 | |
| Listed by Keller Williams Westlake Village | |||
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Welcome to 128 Locust Avenue, a charming single-story farmhouse in the heart of Oak Park! This 4-bedroom, 2-bathroom home is hitting the market for the first time in nearly 50 years, offering the perfect blend of timeless character and thoughtful updates.As you enter through the inviting front door, you'll step into a skylit living room that fills the space with natural light, creating a warm and welcoming atmosphere. The remodeled kitchen is a true standout, featuring shaker cabinets, sleek granite countertops, a double oven, a beautiful farmhouse sink, and ample space to bring your culinary creations to life. Adjacent to the kitchen, the dining area boasts a stunning brick fireplace, adding a cozy farmhouse touch to your meals and gatherings.The dining area was previously remodeled, creating a versatile space that is currently used as an office and sitting area. This modification brings functionality and flexibility, with sunlight streaming in through large windows.Down the hall, you'll first find three charming bedrooms, each with unique appeal. The first bedroom stands out with its beautiful wood paneling and stained-glass windows, adding extra character to the home. Across from the bedrooms is the upgraded hall bathroom, which offers a tall vanity with additional storage drawers, combining style and practicality. At the end of the hall is the spacious primary bedroom, which is bright and inviting. It features a large sliding door that provides private access to the backyard, along with an upgraded en-suite bathroom that includes a tall vanity and thoughtful storage enhancements. Additionally, the primary suite boasts a walk-in closet, ensuring ample storage space.Step outside to enjoy your private backyard oasis. A covered patio provides shade for relaxing afternoons, while the sparkling pool invites you to cool off on warm days. The outdoor space is perfect for entertaining, unwinding, or creating your own garden paradise.This home is truly move-in ready with a range of upgrades, including remodeled bathrooms, updated HVAC and electrical systems, dual-pane windows, a newer water heater, and thoughtful touches throughout.Don't miss this opportunity to own a piece of Oak Park's history, lovingly cared for and ready for its next chapter!
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About Oak Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017