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Chicago Heights 60411
141 Grace Lane
$263,000
● House - Off Market

141 Grace Lane

Chicago Heights, IL 60411
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,501 Ft²
$1,784
Est. Monthly
9.81%
Cap Rate

About This Property

If you're looking for a home in the highly sought after Homewood/Flossmoor School District, then you don't want to miss out on this beauty. This 4 bedroom 2 bathroom brick tri-level home was recently remodeled in 2019 and it boasts a gorgeous kitchen that features soft close shaker cabinets, quartz counter tops, and stainless steel appliances. The well cared for hardwood floors that are throughout the home adds a touch of elegance. The side driveway hosts a spacious 2 car garage with plenty of room for tools and other outside equipment. The backyard is perfect for those summer family gatherings or for just relaxing outside on a nice day. Don't miss out on your chance to own this great home! Schedule your viewing today!
Unit Size
1,501 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$556
HOA Dues
-
Year Built
1960

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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 #12128818)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Premium
Sold
Sep 4, 2024 In contract -
In contract
Aug 30, 2024 Relisted $249,900
Relisted
Aug 10, 2024 In contract -
In contract
Aug 3, 2024 Temporarily off market -
Temporarily off market
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLYMPIA TERRACE UNIT5
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (OLYMPIA) TERRACE (UNIT5) SUB IN PT SH SW SEC 08-35-14

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828801

Geography

  • District: 12
  • Parcel: 32-08-330-005-0000
  • Lot: 174
  • Meridian: SEC 08 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5303
  • Longitude: -87.6496

    Address

  • Full Address: 141 Grace Ln
  • Legal Unit: 5
  • Address - House Number: 141
  • Address - Street Name: Grace
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C031
  • 4-Digit Zip Code: 1010
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $767,678
  • Tax Rate Code Area: 12075

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 248,265
  • High Value: 311,726
  • Low Value: 184,805

    Market Valuation

  • Market Total Value: $158,900
  • Market Land Value: $34,500
  • Market Improvement Value: $124,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,890
  • Assessed Land Value: $3,450
  • Assessed Improvements Value: $12,440

    Sales

  • Current Sale Contract Date: Dec 17, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2000210029
  • Previous Sale Recording Date: Mar 05, 2019
  • Previous Sale Contract Date: Feb 19, 2019
  • Previous Sale Amount: $74,500
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
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 Chicago Heights

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$156

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1150 ft²

Average Home Age

69.1 years

Currently For Sale

79 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 172 Strieff Avenue, Chicago Heights, IL, 60411

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,750 ft²
172 Strieff Avenue, Chicago Heights, IL, 60411 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jerry Goodwin, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12128818
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 141 Grace Lane built and last sold?
The property at 141 Grace Lane was built in 1960 and last sold on Dec 17, 2019 for $170,000.
How much is this home worth?
The estimated value of the home located at 141 Grace Lane is $250,068.
What are some comparable homes to 141 Grace Lane?
There are currently no comparable homes to 141 Grace Lane.
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