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Midlothian 60445
14627 Homan Avenue
$105,000
● House - Off Market

14627 Homan Avenue

Midlothian, IL 60445
bedrooms
2 Beds
bathrooms
1 Bath
square feet
727 Ft²
$85,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

**Multiple Offers, H&B Deadline 10/16/23 at 12:00/Noon**The Perfect Opportunity To Own Your Home For Less Than Rent Or An Investors Special For Many Possibilities! This Home Has Great Character & Good Bones! Features To Note: Covered Porch. Open Living Room & Dining Space with Cozy Fireplace & Newer Bay Window. Kitchen With Solid Oak Cabinets (Fridge & Stove Not Included). 2 Spacious Bedrooms. Partially Finished Basement. Newer Furnace in 2019. Hot Water Heater 2009. This is An Estate Sale, Sold As Is. Buyer Responsible for Any Village Inspections. Cash or Conventional Loan Only. Must See, Wont Last Long!
Unit Size
727 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$117
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
1930

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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 #11907356)

Price History

Date / Event Date Event Price
Nov 22, 2023 Sold
Premium
Sold
Oct 12, 2023 Listed by Keller Williams Preferred Rlty $85,000
Listed by Keller Williams Preferred Rlty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,650
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 727
  • Gross Building Area: 727
  • Building Area: 727
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 727
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSH & COS MIDLOTHIAN HOME GARDENS
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: A T (MCINTOSH) & COS (MIDLOTHIAN) HOME (GARDENS) SUB IN SH NE SEC 11-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-11-227-006-0000
  • Block: 9
  • Lot: 21
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6268
  • Longitude: -87.703

    Address

  • Full Address: 14627 Homan Ave
  • Address - House Number: 14627
  • Address - Street Name: Homan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C015
  • 4-Digit Zip Code: 3011
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $268,578
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 155,322
  • High Value: 195,855
  • Low Value: 114,789

    Market Valuation

  • Market Total Value: $130,010
  • Market Land Value: $23,280
  • Market Improvement Value: $106,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,001
  • Assessed Land Value: $2,328
  • Assessed Improvements Value: $10,673

    Sales

  • Current Sale Contract Date: Oct 24, 2023
  • Current Sale Recording Date: Dec 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 46088
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:

$257,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1261 ft²

Average Home Age

67.6 years

Currently For Sale

28 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 14433 Springfield Avenue, Midlothian, IL, 60445

$1,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
14433 Springfield Avenue, Midlothian, IL, 60445 Listing by Jaime Birks

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amelia Bodie, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11907356
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 14627 Homan Avenue built and last sold?
The property at 14627 Homan Avenue was built in 1930 and last sold on Oct 24, 2023 for $105,000.
How much is this home worth?
The estimated value of the home located at 14627 Homan Avenue is $88,008.
What are some comparable homes to 14627 Homan Avenue?
There are currently no comparable homes to 14627 Homan Avenue.
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