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Lockport 60441
1501 Connor Avenue
$370,000
● House - Off Market

1501 Connor Avenue

Lockport, IL 60441
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,944 Ft²
$2,305
Est. Monthly
11.54%
Cap Rate

About This Property

Say hello to your next home sweet home at 1501 Connor Ave. This spacious and stylish 5 bedroom, 2.5 bathroom split-level has the kind of charm that instantly feels right. Walk in to cathedral ceilings, glowing hardwood floors, and a bright open layout that's perfect for everyday living or entertaining. The kitchen is modern and inviting with plenty of cabinets and stainless steel appliances. Hang out in the sunroom, relax under the pergola-covered patio, or enjoy the big backyard. With a two car garage, four extra parking spaces, and extra storage, there's room for all your people and all your stuff. Plus, you're just a short walk to downtown Lockport's best spots for food, fun, and shopping.
Unit Size
1,944 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$541
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,920
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 660
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLES C ADELMAN
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 12 BLOCK 1 IN CHARLES C ADELMAN'S SUB, A SUB OF PRT OF THE E1/2 OF THE NE 1/4 OF SEC 26, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880701

Geography

  • Parcel: 11-04-26-204-013
  • Block: 1
  • Lot: 12
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5817
  • Longitude: -88.0488

    Address

  • Full Address: 1501 Connor Ave
  • Address - House Number: 1501
  • Address - Street Name: Connor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lockport
  • Carrier Code: C055
  • 4-Digit Zip Code: 4520
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $564,326
  • Tax Rate Code Area: 1110

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 268,011
  • High Value: 306,061
  • Low Value: 229,962

    Market Valuation

  • Market Total Value: $212,436
  • Market Land Value: $52,308
  • Market Improvement Value: $160,128

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,812
  • Assessed Land Value: $17,436
  • Assessed Improvements Value: $53,376

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2005
  • Current Sale Recording Date: Oct 18, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2005181643
  • Previous Sale Recording Date: Feb 16, 2005
  • Previous Sale Contract Date: Feb 07, 2005
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: ADJ
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 Lockport

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2088 ft²

Average Home Age

30.8 years

Currently For Sale

63 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

Rentals Near You

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MRED

Listed by: Carmel Amador-Rojas, Chicagoland Brokers, Inc.
Data Source: MRED, MLS# MRD12435073
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 1501 Connor Avenue built and last sold?
The property at 1501 Connor Avenue was built in 1973 and last sold on Sep 21, 2005 for $145,000.
How much is this home worth?
The estimated value of the home located at 1501 Connor Avenue is $362,590.
What are some comparable homes to 1501 Connor Avenue?
There are currently no comparable homes to 1501 Connor Avenue.
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