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Midlothian 60445
14444 Tripp Avenue
$244,000
● House - Off Market

14444 Tripp Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
832 Ft²
$1,731
Est. Monthly
6.23%
Cap Rate

About This Property

OFFER VERBALLY ACCEPTED 2/14. AWAIT PAPERWORK. Beautifully Renovated 3 Bedroom 1.5 Bath Home Awaits its New Owner!  Updated Neural colored paint and carpet throughout.  Update Kitchen and Appliances. Updated Full and Half Bath! 3 Bedroom!  Open Kitchen-Family room Floorplan with Great Natural Light! Massive Fenced in Back Yard!  This One Has it All!  See it Today!.
Unit Size
832 Ft²
Days on Market
-
Land Size
-
Price per sqft
$294
Property Type
House
Property Taxes
$528
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: 3 years ago (MRED MLS #11974163)

Price History

Date / Event Date Event Price
Apr 5, 2024 Sold
Premium
Sold
Feb 5, 2024 Listed by Kennedy Connection Realtors $244,900
Listed by Kennedy Connection Realtors

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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
  • 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: 1,340
  • 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: 1
  • Heating: 24
  • Heated Square Feet: 832
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

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: 28-10-210-021-0000
  • Block: 11
  • Lot: 9
  • Meridian: SEC 10 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6297
  • Longitude: -87.7243

    Address

  • Full Address: 14444 Tripp Ave
  • Address - House Number: 14444
  • Address - Street Name: Tripp
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C004
  • 4-Digit Zip Code: 2666
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $658,999
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 240,069
  • High Value: 264,342
  • Low Value: 215,796

    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: Jun 14, 2017
  • Current Sale Recording Date: Jun 21, 2017
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 1717206148
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

49

Average Home Size

1472 ft²

Average Home Age

61.8 years

Currently For Sale

21 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 3025 140th Street, Blue Island, IL, 60406

$2,000 /mo

  • 4 Beds
  • 1 Bath
  • 1,144 ft²
3025 140th Street, Blue Island, IL, 60406 Listing by Jaime Birks
Unit for rent at 13906 Central Park Avenue, Robbins, IL, 60472

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 900 ft²
13906 Central Park Avenue #2N, Robbins, IL, 60472 Listing by Jaime Birks

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kevin Kennedy, Kennedy Connection Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11974163
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 14444 Tripp Avenue built and last sold?
The property at 14444 Tripp Avenue was built in 1965 and last sold on Jun 14, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 14444 Tripp Avenue is $242,735.
What are some comparable homes to 14444 Tripp Avenue?
There are currently no comparable homes to 14444 Tripp Avenue.
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