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New Lenox 60451
1369 N Cedar Road
$650,000
● Land - Off Market

1369 N Cedar Road

New Lenox, IL 60451
bedrooms
Studio
bathrooms
0 Bath
$4,452
Est. Monthly

About This Property

10 Prime acres zoned single-family residential in New Lenox! Build your DREAM Home here ~ surrounded by nature.  Horses are allowed ~ there is an old barn and a 3-car garage on the property (buildings are 'as is')  Drive out, walk the land and picture yourself Here! Close to Silver Cross Hospital
Unit Size
-
Days on Market
-
Land Size
10.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$278
HOA Dues
-
Year Built
-

Payment Calculator

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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.

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: 438,214
  • 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
  • Land Acres: 0000010060
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THE N1/2 OF THE NE1/4 OF THE SE1/4 OF SEC 9, T35N-R11E.

Neighborhood

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

Geography

  • Parcel: 15-08-09-400-002
  • Meridian: SEC 09 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5336
  • Longitude: -87.9687

    Address

  • Full Address: 1369 N Cedar Rd
  • Address - House Number: 1369
  • Street Direction: N
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C009
  • 4-Digit Zip Code: 1170
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $333,948
  • Tax Rate Code Area: 1509

    Appraisal Valuation

  • Standard Deviation: 0.1194
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 87
  • Final Value: 166,034
  • High Value: 185,867
  • Low Value: 146,202

    Market Valuation

  • Market Total Value: $115,785
  • Market Land Value: $88,032
  • Market Improvement Value: $27,753

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,595
  • Assessed Land Value: $29,344
  • Assessed Improvements Value: $9,251

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11447
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:

$442,404

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2246 ft²

Average Home Age

29.5 years

Currently For Sale

47 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cheryl Colanto, Dunn & Niemann Real Estate
Data Source: MRED, MLS# MRD12001327
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 1369 North Cedar Road built and last sold?
The property at 1369 North Cedar Road was built in and last sold on Mar 2, 2023 for $4,200.
How much is this home worth?
The estimated value of the home located at 1369 North Cedar Road is $0.
What are some comparable homes to 1369 North Cedar Road?
There are currently no comparable homes to 1369 North Cedar Road.
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