15161 Hillside
About This Property
The location places you just moments from the shoreline of Lake Michigan, along with the charm and convenience of nearby favorites in Lakeside, Harbert, Sawyer, Union Pier, Three Oaks, and Grand Beach. Easy access to Chicago makes this an ideal option for those looking to establish a weekend escape or a full-time residence with a quieter pace.
With generous space to build and the flexibility to design around the landscape, this is land that invites vision--an opportunity to shape a home and lifestyle that feels distinctly your own.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$295,000
↓ $35K
(10.6%) | |
| Price Decreased | |||
| Apr 30, 2026 | Listed by @properties Christie's International R.E. | $330,000 | |
| Listed by @properties Christie's International R.E. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017