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Phoenix 60426
15115 8th Avenue
$150,000
● House - Off Market

15115 8th Avenue

Phoenix, IL 60426
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$154,469
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Newly renovated ranch home with marble countertops and hardwood floors throughout. New appliances, central air and heat. Brand new concrete in the back leading to carport and huge enclosed yard. New fence and roof with too many additions to list. Bring by your buyers to their new home. Near major expressways and shopping mall. Sellers motivated so bring your offers. With a bonus laundry room just installed with all the fixings.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$149
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1961

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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 #11292586)

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold
Premium
Sold
Dec 21, 2021 Listed by American Realty of Il., Inc. $149,900
Listed by American Realty of Il., Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 5,200
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASONIC ADD TO HARVEY
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (MASONIC) ADD TO (HARVEY) SUB OF LOTS 3 & 4 OF RAVENS LOOTS SUB OF LOTS 2-7 & LOT 15 OF SCHOOL TRUSTEES SUB OF SEC SEC 16-36-

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827200

Geography

  • District: 37
  • Parcel: 29-16-200-042-0000
  • Block: 1
  • Lot: 2-7,1
  • Meridian: SEC 16 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.6148
  • Longitude: -87.6258

    Address

  • Full Address: 15115 8th Ave
  • Address - House Number: 15115
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Phoenix
  • Carrier Code: C009
  • 4-Digit Zip Code: 2536
  • Zip Code: 60426

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $329,711
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37053

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 112,094
  • High Value: 141,510
  • Low Value: 82,679

    Market Valuation

  • Market Total Value: $45,000
  • Market Land Value: $15,600
  • Market Improvement Value: $29,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,500
  • Assessed Land Value: $1,560
  • Assessed Improvements Value: $2,940

    Sales

  • Current Sale Contract Date: Mar 13, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33471
  • Previous Sale Recording Date: Oct 31, 2013
  • Previous Sale Contract Date: Sep 24, 2013
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: 68
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 Phoenix

Stats & Trends

Median Asking:

$195,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

71

Average Home Size

1971 ft²

Average Home Age

35.2 years

Currently For Sale

14 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 15241 Chicago Road, Dolton, IL, 60419

$1,710 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
15241 Chicago Road #2A, Dolton, IL, 60419 Listing by Cynthia Frye
Unit for rent at 15334 Dr. Martin Luther King Jr. Drive, Dolton, IL, 60419

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
15334 Dr. Martin Luther King Jr. Drive #3W, Dolton, IL, 60419 Listing by Olga Kaminska

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rafhael Moreno, American Realty of Il., Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11292586
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 15115 8th Avenue built and last sold?
The property at 15115 8th Avenue was built in 1961 and last sold on Mar 13, 2023 for $150,000.
How much is this home worth?
The estimated value of the home located at 15115 8th Avenue is $151,370.
What are some comparable homes to 15115 8th Avenue?
There are currently no comparable homes to 15115 8th Avenue.
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