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Park Forest 60466
142 Hay Street
$199,000
● House - Off Market

142 Hay Street

Park Forest, IL 60466
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,588 Ft²
$1,886
Est. Monthly
11.18%
Cap Rate

About This Property

The seller of this oversized tri-level home is ready to find a serious buyer. This property, situated on a corner lot, is in excellent condition and boasts numerous updates, including new windows, a new roof, a completely new kitchen with appliances, and a fully renovated second-floor bathroom. Additionally, the second-floor floors have been refinished, and all other floors on the main and lower levels have been replaced. The dining room features vaulted ceilings and a new light fixture.   FHA/VA friendly.   Taxes do not include any exemptions...conveniently located near route 30/ Lincoln Highway , which offers easy access to expressway, local shopping and dinning & schools. .  This is a great house to fall in love with....
Unit Size
1,588 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
House
Property Taxes
$866
HOA Dues
-
Year Built
1960

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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
  • Floor Count: 200
  • 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: 8,075
  • Lot Size Depth Feet: 620
  • Lot Size Frontage Feet: 1,260
  • Total Building Area: 1,121
  • Gross Building Area: 1,121
  • Building Area: 1,121
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,121
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (LINCOLNWOOD) SUB OF PT S BLK 8 LOT 30

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830100

Geography

  • District: 32
  • Parcel: 31-24-440-031-0000
  • Block: 8
  • Lot: 30
  • Meridian: SEC 24 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5004
  • Longitude: -87.6787

    Address

  • Full Address: 142 Hay St
  • Address - House Number: 142
  • Address - Street Name: Hay
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C023
  • 4-Digit Zip Code: 1220
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $770,865
  • Tax Rate Code Area: 32018

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 145,290
  • High Value: 183,790
  • Low Value: 106,790

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $32,300
  • Market Improvement Value: $127,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $3,230
  • Assessed Improvements Value: $12,770

    Sales

  • Current Sale Contract Date: Mar 09, 2005
  • Current Sale Recording Date: Apr 22, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 0511211084
  • Previous Sale Recording Date: Oct 05, 2004
  • Previous Sale Contract Date: Jul 14, 2004
  • Previous Sale Document Type: 42

    Financing

  • First Mortgage Financing Type: ADJ
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 Park Forest

Stats & Trends

Median Asking:

$168,500

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1463 ft²

Average Home Age

70.7 years

Currently For Sale

117 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 3706 211th Place, Matteson, IL, 60443

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,275 ft²
3706 211th Place, Matteson, IL, 60443 Listing by Brandy Cafarelli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carolyn Moore-Washington, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12291900
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 142 Hay Street built and last sold?
The property at 142 Hay Street was built in 1960 and last sold on Mar 9, 2005 for $127,000.
How much is this home worth?
The estimated value of the home located at 142 Hay Street is $0.
What are some comparable homes to 142 Hay Street?
There are currently no comparable homes to 142 Hay Street.
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