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Midlothian 60445
14323 Tripp Avenue
$215,000
● House - Off Market

14323 Tripp Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
1 Bath
$1,538
Est. Monthly
10.13%
Cap Rate

About This Property

Discover the ideal suburban escape with this charming 3-bedroom, 1-bathroom home in Midlothian. The open concept design seamlessly connects the cozy living area to a bright and generous sized eat-in kitchen, where ample amounts of natural light to highlight this space. It's the perfect environment for cooking and hosting.  Outside, the spacious yard offers multiple opportunities for gardening, outdoor dining, or entertaining. Nestled in a friendly neighborhood, this house is just a short walk from the natural beauty of Indian Boundary Prairies - Paintbrush Prairie Nature Preserve. With Midlothian's train station also nearby, commuting or city outings are a breeze. This home is affordable and well laid out, waiting for its next owner.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1965

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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: 2 years ago (MRED MLS #12258484)

Price History

Date / Event Date Event Price
Feb 11, 2025 Sold
Premium
Sold
Jan 1, 2025 In contract -
In contract
Dec 28, 2024 Listed by HomeSmart Realty Group $229,900
Listed by HomeSmart Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 6,700
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 832
  • Gross Building Area: 832
  • Building Area: 832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 832
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MANUS MIDLOTHIAN
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (MANUS) (MIDLOTHIAN) PARK SUB OF NE SEC 10-36-13

Neighborhood

  • School District Name: Midlothian School District 143
  • Census Tract: 824701

Geography

  • District: 13
  • Parcel: 28-10-203-005-0000
  • Block: 5
  • Lot: 20
  • Meridian: SEC 10 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6321
  • Longitude: -87.7238

    Address

  • Full Address: 14323 Tripp Ave
  • Address - House Number: 14323
  • Address - Street Name: Tripp
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C004
  • 4-Digit Zip Code: 2663
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $490,537
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2427
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 239,330
  • High Value: 297,421
  • Low Value: 181,238

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $26,800
  • Market Improvement Value: $143,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $2,680
  • Assessed Improvements Value: $14,320

    Sales

  • Current Sale Contract Date: Mar 12, 2018
  • Current Sale Recording Date: Mar 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1808146212
  • Previous Sale Recording Date: Jun 05, 2015
  • Previous Sale Contract Date: Jun 02, 2015
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Midlothian

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1449 ft²

Average Home Age

61.7 years

Currently For Sale

22 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

Rentals Near You

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MRED

Listed by: Erin Smith, HomeSmart Realty Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12258484
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 14323 Tripp Avenue built and last sold?
The property at 14323 Tripp Avenue was built in 1965 and last sold on Mar 12, 2018 for $151,000.
How much is this home worth?
The estimated value of the home located at 14323 Tripp Avenue is $0.
What are some comparable homes to 14323 Tripp Avenue?
There are currently no comparable homes to 14323 Tripp Avenue.
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