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Midlothian 60445
15016 Springfield Avenue
$175,000
● House - Off Market

15016 Springfield Avenue

Midlothian, IL 60445
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,010 Ft²
$161,246
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Move in ready! Well maintained ranch home formally a 3 bed converted to a 2 bed to create an open concept kitchen/ living room. Hardwood floors under new carpet in bedrooms. Home was recently painted with neutral colors. There is a large patio in the fenced yard. Property is walking distance to Roesner park and Bremen High School. Conveniently located near the Metra station and forest preserves allowing easy access to walking and biking trails. Seller is offering a $500 home warranty and appliances are included. Possibilities are endless!
Unit Size
1,010 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1956

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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 #11368649)

Price History

Date / Event Date Event Price
May 10, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Listing Leaders Homes & Specialty $160,000
Listed by Listing Leaders Homes & Specialty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • 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: 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: 6,760
  • Total Building Area: 1,010
  • Gross Building Area: 1,010
  • Building Area: 1,010
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,010
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECOND ADD TO BREMEN CAMPUS SUB OF
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: LOT 41 2ND ADD TO BREMEN CAMPUS SUB

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-11-325-015-0000
  • Lot: 41
  • Meridian: SEC 11 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6195
  • Longitude: -87.7153

    Address

  • Full Address: 15016 Springfield Ave
  • Address - House Number: 15016
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C013
  • 4-Digit Zip Code: 3442
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $484,880
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 63
  • Final Value: 177,702
  • High Value: 223,370
  • Low Value: 132,034

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $23,660
  • Market Improvement Value: $126,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,366
  • Assessed Improvements Value: $12,634

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8144
  • Previous Sale Recording Date: Apr 29, 1999
  • Previous Sale Contract Date: Apr 15, 1999
  • Previous Sale Amount: $85,500
  • Previous Sale Document Type: 71
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

1449 ft²

Average Home Age

61.7 years

Currently For Sale

22 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: Dawn VanderMeer, Listing Leaders Homes & Specialty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11368649
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 15016 Springfield Avenue built and last sold?
The property at 15016 Springfield Avenue was built in 1956 and last sold on May 6, 2022 for $175,000.
How much is this home worth?
The estimated value of the home located at 15016 Springfield Avenue is $0.
What are some comparable homes to 15016 Springfield Avenue?
There are currently no comparable homes to 15016 Springfield Avenue.
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