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Chicago 60643 Longwood Manor
1327 W 98th Place
$135,000
● House - Off Market

1327 W 98th Place

Chicago, IL 60643
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$591
Est. Monthly
26.14%
Cap Rate

About This Property

Cozy, affordable bungalow features 4  Bedroom (2 On Main Floor and 2 on Second Floor), 1 bath, large living room, separate dining area, a full basement; and a detached garage. Systems are working in the home, just needs TLC to bring back to life.   Close proximity to shopping, schools, and main roads. Property is sold as-is with no property disclosure, no survey or inspection reports.  Note the taxes are very very low but my adjust in the future for the new owner.  Seller will not give a credit of what future taxes may be. Very Nice AREA AND BLOCK! More photos coming soon. Seller prefers cash offers but will entertain financing with good terms.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$79
Property Type
House
Property Taxes
$6
HOA Dues
-
Year Built
1922

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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 #11952552)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Dec 28, 2023 Listed by Publix Realty, Inc. $119,100
Listed by Publix Realty, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

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: 25-08-115-010-0000
  • Meridian: SEC 08 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7147
  • Longitude: -87.6563

    Address

  • Full Address: 1327 W 98th Pl
  • Address - House Number: 1327
  • Street Direction: W
  • Address - Street Name: 98th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C028
  • 4-Digit Zip Code: 1441
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,084
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 117,299
  • High Value: 129,159
  • Low Value: 105,439

    Market Valuation

  • Market Total Value: $65,000
  • Market Land Value: $30,000
  • Market Improvement Value: $35,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,500
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $3,500

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Jan 24, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13284
  • Previous Sale Recording Date: Jan 03, 2024
  • Previous Sale Contract Date: Dec 16, 2023
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 4
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:

$279,900

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1167 ft²

Average Home Age

92.7 years

Currently For Sale

665 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 9241 S Emerald Avenue, IL, 60620

$2,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,240 ft²
9241 S Emerald Avenue, IL, 60620 Listing by Tiesha Campbell
Unit for rent at 8440 S Winchester Avenue, Chicago, IL, 60620

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 2,000 ft²
8440 S Winchester Avenue, Chicago, IL, 60620 Listing by Kevin Conners

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sundeep Lamba, Publix Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11952552
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 1327 West 98th Place built and last sold?
The property at 1327 West 98th Place was built in 1922 and last sold on Jan 16, 2024 for $135,000.
How much is this home worth?
The estimated value of the home located at 1327 West 98th Place is $0.
What are some comparable homes to 1327 West 98th Place?
There are currently no comparable homes to 1327 West 98th Place.
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