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Midlothian 60445
14420 Springfield Avenue
$154,000
● House - Off Market

14420 Springfield Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,240 Ft²
$169,742
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

HOME IS SOLD "AS IS" Extremely well maintained home with easy access to schools and expressways/shopping. Long term owner!  Three bedrooms 1/5 baths. LARGE YARD!! Newer mechanicals!   Open Concept floorplan makes this a great home for entertaining.  Note large room sizes.
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$129
Property Type
House
Property Taxes
$140
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.

Last updated: 3 years ago (MRED MLS #11484493)

Price History

Date / Event Date Event Price
Dec 2, 2022 Sold
Premium
Sold
Aug 5, 2022 Listed by @properties Christie's International Real Estate $160,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

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: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,893
  • Total Building Area: 1,240
  • Gross Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-11-108-031-0000
  • Municipality: BREMEN
  • Latitude: 41.6304
  • Longitude: -87.7158

    Address

  • Full Address: 14420 Springfield Ave
  • Address - House Number: 14420
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C013
  • 4-Digit Zip Code: 2829
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $314,152
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 218,494
  • High Value: 268,385
  • Low Value: 168,603

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $31,130
  • Market Improvement Value: $128,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $3,113
  • Assessed Improvements Value: $12,887

    Sales

  • Current Sale Contract Date: Nov 02, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45124
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:

$256,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1291 ft²

Average Home Age

64 years

Currently For Sale

30 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 13615 Lamon Avenue, Crestwood, IL, 60418

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
13615 Lamon Avenue #510, Crestwood, IL, 60418 Listing by Halina Pociask

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kevin Green, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11484493
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 14420 Springfield Avenue built and last sold?
The property at 14420 Springfield Avenue was built in 1960 and last sold on Nov 2, 2022 for $154,000.
How much is this home worth?
The estimated value of the home located at 14420 Springfield Avenue is $165,322.
What are some comparable homes to 14420 Springfield Avenue?
There are currently no comparable homes to 14420 Springfield Avenue.
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