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Ford Heights 60411
1444 Park Lane
$155,000
● House - Off Market

1444 Park Lane

Ford Heights, IL 60411
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,100 Ft²
$1,127
Est. Monthly
12.61%
Cap Rate

About This Property

Welcome home to this beautifully rehabbed split level with easy access to expressway. 4 bedrooms, 1.5 bathrooms, huge newly fenced in backyard and all new concrete driveway. Brand new everything! New siding, new roof and new windows. Gorgeous white kitchen with granite countertops, stainless steel appliances and so much more. Nothing to do in here but move in!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$173
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1970

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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

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • 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: 17
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,610
  • Total Building Area: 886
  • Gross Building Area: 886
  • Building Area: 886
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 886
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLDEN MEADOWS UNIT 02
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: LOT 35 IN BLK 5 GOLDEN MEADOWS UNIT 2 PART OF W2 NE4 OF SEC23 T35N R14 E 3P

Neighborhood

  • School District Name: Bloom Township High School District 206
  • Census Tract: 829700

Geography

  • District: 12
  • Parcel: 32-23-251-035-0000
  • Block: 5
  • Lot: 35
  • Meridian: SEC 23 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5104
  • Longitude: -87.585

    Address

  • Full Address: 1444 Park Ln
  • Address - House Number: 1444
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ford Heights
  • Carrier Code: C035
  • 4-Digit Zip Code: 3054
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $296,564
  • Tax Rate Code Area: 12034

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 74,693
  • High Value: 88,266
  • Low Value: 61,119

    Market Valuation

  • Market Total Value: $26,140
  • Market Land Value: $8,420
  • Market Improvement Value: $17,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,614
  • Assessed Land Value: $842
  • Assessed Improvements Value: $1,772

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13505
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 Ford Heights

Stats & Trends

Median Asking:

$101,450

Sale Price/ft²

$78

Below Asking

0.08%

Average Days on Market

46

Average Home Size

1046 ft²

Average Home Age

54.1 years

Currently For Sale

8 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: Rana Bader-Yacoub, REMAX Legends
Data Source: MRED, MLS# MRD12313971
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 1444 Park Lane built and last sold?
The property at 1444 Park Lane was built in 1970 and last sold on Dec 14, 2023 for $27,000.
How much is this home worth?
The estimated value of the home located at 1444 Park Lane is $0.
What are some comparable homes to 1444 Park Lane?
There are currently no comparable homes to 1444 Park Lane.
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