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Midlothian 60445
14504 Central Park Avenue
$205,000
● House - Off Market

14504 Central Park Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,468 Ft²
$1,373
Est. Monthly
10.99%
Cap Rate

About This Property

THIS HOME SITS ON A LARGE PIECE OF LAND OFFERING PLENTY OF ROOM TO CREATE YOUR OWN DREAM SPACE. WHILE THE HOME NEEDS UPDATING, IT PROVIDES A GOOD SPACE AND ENDLESS POSSIBILITIES FOR UPDATING OR RENOVATION. THE GENEROUS LOT OFFERS A LARGE OUTDOOR SPACE FOR ENTERTAINING, GARDENING OR FUTURE PROJECTS LOCATED CLOSE TO THE ROCK ISLAND METRA TO DOWNTOWN. WHETHER YOU ARE AN INVESTOR, DIY ENTHUSIAST OR SIMPLY LOOKING FOR A PROPERTY WITH ROOM TO GROW, THIS IS A FANTASTIC OPPORTUNITY TO MAKE IT YOUR OWN. ESTATE SALE BEING SOLD AS IS.
Unit Size
1,468 Ft²
Days on Market
-
Land Size
-
Price per sqft
$146
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1947

Payment Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,663
  • Total Building Area: 1,468
  • Gross Building Area: 1,468
  • Building Area: 1,468
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,468
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSH & COS HOME ADD TO MIDLOTHIAN
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: ARTHUR T (MCINTOSH) & COS (HOME) ADD TO (MIDLOTHIAN) SEC 11-36-13

Neighborhood

  • School District Name: Midlothian School District 143
  • Census Tract: 824702

Geography

  • District: 13
  • Parcel: 28-11-121-058-0000
  • Block: 21
  • Lot: 1
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6289
  • Longitude: -87.7084

    Address

  • Full Address: 14504 Central Park Ave
  • Address - House Number: 14504
  • Address - Street Name: Central Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C015
  • 4-Digit Zip Code: 2912
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $310,247
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 224,008
  • High Value: 275,158
  • Low Value: 172,858

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $54,820
  • Market Improvement Value: $105,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $5,482
  • Assessed Improvements Value: $10,518
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

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 14233 S Palmer Avenue, Posen, IL, 60469

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,000 ft²
14233 S Palmer Avenue, Posen, IL, 60469 Listing by Marcella Garson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michelle Arseneau, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12450272
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 14504 Central Park Avenue built and last sold?
The property at 14504 Central Park Avenue was built in 1947 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 14504 Central Park Avenue is $0.
What are some comparable homes to 14504 Central Park Avenue?
There are currently no comparable homes to 14504 Central Park Avenue.
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