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Chicago 60643 Morgan Park
1518 W 113th Place
$45,000
● House - Off Market

1518 W 113th Place

Chicago, IL 60643
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$80,034
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

ATTRACTIVE BRICK RANCH AND IT IS LOCATED ON A NICE BLOCK. THE HOME FEATURES THREE BEDROOMS, A GREAT YARD AND A FULL FINISHED BASEMENT. THE AREA SPEAKS FOR ITSELF AND SHOPPING AND TRANSPORTATION ARE NEARBY. THIS HOME IS PRICED TO SELL. LOT/ROOM SIZES ESTIMATED. PREQUAL AND/OR PROOF OF FUNDS REQUIRED WITH OFFERS...NO EXCEPTIONS.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$41
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1968

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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.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,389
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROGERS RESUB BLKS 42-43 LTS 1-16 BLK 4
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROGERS) RESUB BLKS 42-43 LTS 1-16 BLK 44 LTS 21-26 B LK 58 BLKS 60-61 BLK 62 EX LTS 8-14 46 BLK 63 EX LTS 1-14&BLKS80-85 WAS

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750600

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-20-112-032-0000
  • Block: 42-44
  • Lot: 1-16
  • Meridian: SEC 20 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6877
  • Longitude: -87.661

    Address

  • Full Address: 1518 W 113th Pl
  • Address - House Number: 1518
  • Street Direction: W
  • Address - Street Name: 113th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C017
  • 4-Digit Zip Code: 4328
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $94,459
  • Tax Rate Code Area: 72201

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 155,015
  • High Value: 190,412
  • Low Value: 119,619

    Market Valuation

  • Market Total Value: $88,480
  • Market Land Value: $28,530
  • Market Improvement Value: $59,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,848
  • Assessed Land Value: $2,853
  • Assessed Improvements Value: $5,995

    Sales

  • Current Sale Contract Date: Jul 14, 2017
  • Current Sale Recording Date: Jul 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1719910019
  • Previous Sale Recording Date: Apr 05, 2016
  • Previous Sale Contract Date: Mar 24, 2016
  • Previous Sale Amount: $57,000
  • 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 Far South Chicago

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$164

Above Asking

32.48%

Average Days on Market

50

Average Home Size

1253 ft²

Average Home Age

94.2 years

Currently For Sale

776 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 332 W 100th Street, Chicago, IL, 60628

$2,999 /mo

  • 3 Beds
  • 1 Bath
  • 1,140 ft²
332 W 100th Street, Chicago, IL, 60628 Listing by Anastasiya Makarska
Unit for rent at 12239 Gregory Street, Blue Island, IL, 60406

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,100 ft²
12239 Gregory Street, Blue Island, IL, 60406 Listing by Saquib Farooqui

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gary Weglarz, Applebrook Realty, Inc.
Data Source: MRED, MLS# MRD08706232
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 1518 West 113th Place built and last sold?
The property at 1518 West 113th Place was built in 1968 and last sold on Jul 14, 2017 for $144,000.
How much is this home worth?
The estimated value of the home located at 1518 West 113th Place is $0.
What are some comparable homes to 1518 West 113th Place?
There are currently no comparable homes to 1518 West 113th Place.
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