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Midlothian 60445
14531 Kilpatrick Avenue
$258,000
● House - Off Market

14531 Kilpatrick Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,058 Ft²
$1,885
Est. Monthly
6.45%
Cap Rate

About This Property

FINAL PRICE REDUCTION!!  LAST CHANCE to grab this home before owners revert to renting again.  If you are a fan of NEW, then come take a look!  All NEW items completed by July:  NEW roof.  NEW siding.  NEW carpeting.  NEW bedroom doors.  Three NEW ceiling fans.  NEW stove.  NEW refrigerator.  NEW garage door opener.  And finally a fresh coat of paint.  Great yard with patio.  Property close to all things shopping, eating, entertainment, and more.  Home was being rented so real estate taxes do not reflect any exemptions.  Large utility room has plenty of space if you need an in home office/remote work space.  Midlothian address connected to Oak Forest schools.
Unit Size
1,058 Ft²
Days on Market
-
Land Size
-
Price per sqft
$236
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
1973

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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 #12112591)

Price History

Date / Event Date Event Price
Nov 26, 2024 Sold
Premium
Sold
Oct 29, 2024 In contract -
In contract
Oct 22, 2024 Price Decreased $249,900
↓ $5K (2%)
Price Decreased
Oct 4, 2024 Price Decreased $254,900
↓ $5K (1.9%)
Price Decreased
Sep 17, 2024 Relisted $259,900
Relisted
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • 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: 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
  • Total Building Area: 1,058
  • Gross Building Area: 1,058
  • Building Area: 1,058
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,058
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: R & E SUB OF LT 21 IN FIRST ADD TO M
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (R) & (E) SUB OF LT 21 IN FIRST ADD TO MIDLOTHIAN GAR DENS SUB IN NW SEC 10-36-13

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824601

Geography

  • District: 13
  • Parcel: 28-10-123-007-0000
  • Lot: 21
  • Meridian: SEC 10 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6281
  • Longitude: -87.7347

    Address

  • Full Address: 14531 Kilpatrick Ave
  • Address - House Number: 14531
  • Address - Street Name: Kilpatrick
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C005
  • 4-Digit Zip Code: 2516
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $596,913
  • Tax Rate Code Area: 13044

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 225,200
  • High Value: 276,622
  • Low Value: 173,777

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $26,800
  • Market Improvement Value: $193,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $2,680
  • Assessed Improvements Value: $19,320

    Sales

  • Current Sale Contract Date: Jun 10, 1997
  • Current Sale Recording Date: Sep 18, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 41
  • Current Sale Input Document Number: 97691027
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

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 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: Anthony Carnevale, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12112591
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 14531 Kilpatrick Avenue built and last sold?
The property at 14531 Kilpatrick Avenue was built in 1973 and last sold on Jun 10, 1997 for $62,000.
How much is this home worth?
The estimated value of the home located at 14531 Kilpatrick Avenue is $249,638.
What are some comparable homes to 14531 Kilpatrick Avenue?
There are currently no comparable homes to 14531 Kilpatrick Avenue.
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