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Midlothian 60445
14902 Ridgeway Avenue
$60,000
● House - Off Market

14902 Ridgeway Avenue

Midlothian, IL 60445
bedrooms
2 Beds
bathrooms
1 Bath
square feet
850 Ft²
$72,699
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

DO YOU HEAR THAT? IT'S OPPORTUNITY KNOCKING! CALLING ALL INVESTORS & REHABBERS -- THIS HOUSE AND NICE SIZED LOT HAS A TON OF POTENTIAL. THIS 1-2 BEDROOM / 1 BATH SITS HOME ON A LARGE CORNER LOT JUST BLOCKS AWAY FROM SHOPPING, TRANSPORTATION, ETC. MASTER BEDROOM, LIVING ROOM, FAMILY ROOM & 2ND BEDROOM/DEN ARE ALL GOOD SIZED. LARGE, OVERSIZED 2.5 CAR GARAGE WITH BUMP OUT STORAGE SPACE ADDED ABOUT 15 YEARS AGO & IS IN GREAT SHAPE. LARGE FENCED YARD, TOO. BRING YOUR IDEAS & CASH OFFERS! SOLD AS-IS.
Unit Size
850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$82
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1929

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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.

Last updated: 3 years ago (MRED MLS #11447685)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Jun 27, 2022 Listed by RE/MAX 1st Service $69,900
Listed by RE/MAX 1st Service

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,452
  • Total Building Area: 747
  • Gross Building Area: 747
  • Building Area: 747
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 747
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERTSONS 03 ADD M
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: EAST2 LOT1 E1353 FT SEC11 S2SW4 S11 T36N R13E 3P

Neighborhood

  • School District Name: Bremen Community High School District 228
  • Census Tract: 824702

Geography

  • District: 13
  • Parcel: 28-11-316-011-0000
  • Lot: 1
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6218
  • Longitude: -87.7119

    Address

  • Full Address: 14902 Ridgeway Ave
  • Address - House Number: 14902
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C013
  • 4-Digit Zip Code: 3539
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $343,159
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 144,490
  • High Value: 182,197
  • Low Value: 106,784

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $29,580
  • Market Improvement Value: $70,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $2,958
  • Assessed Improvements Value: $7,042

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Oct 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33292
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 14521 S Richmond Avenue, Posen, IL, 60469

$1,375 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
14521 S Richmond Avenue #2, Posen, IL, 60469 Listing by Christian Halsey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Beth Rose, RE/MAX 1st Service
Last Updated: 3 years ago
Data Source: MRED, MLS# 11447685
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 14902 Ridgeway Avenue built and last sold?
The property at 14902 Ridgeway Avenue was built in 1929 and last sold on Sep 29, 2022 for $60,000.
How much is this home worth?
The estimated value of the home located at 14902 Ridgeway Avenue is $0.
What are some comparable homes to 14902 Ridgeway Avenue?
There are currently no comparable homes to 14902 Ridgeway Avenue.
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