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Markham 60428
1522 W 162nd Street
$110,000
● House - Off Market

1522 W 162nd Street

Markham, IL 60428
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,088 Ft²
$80,904
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

GREAT OPPORTUNITY!!! LARGE CORNER LOT FENCED, BI-LEVELED WITH NEW SIDING, ATTACHED 2 CAR GARAGE, LARGE LIVING ROOM AND DINING ROOM, 4 BEDROOMS, TWO BATHROOMS AND FAMILY ROOM AND WITH A SUN ROOM OFF THE MASTER BEDROOM. HARD WOOD FLOORS ON UPPER LEVEL.  PROPERTY IS BEING SOLD IN "AS-IS" CONDITIONS. BUYER WILL BE RESPONSIBLE FOR ANY CITY REPAIRS REQUIRED.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$64
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1965

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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 #11118423)

Price History

Date / Event Date Event Price
Jul 21, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed by G & R Realty, Inc. $70,000
Listed by G & R Realty, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,138
  • Total Building Area: 1,088
  • Gross Building Area: 1,088
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK ADD
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827600

Geography

  • District: 37
  • Parcel: 29-20-119-050-0000
  • Block: 11
  • Lot: 26-28
  • Meridian: SEC 20 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5956
  • Longitude: -87.6544

    Address

  • Full Address: 1522 W 162nd St
  • Address - House Number: 1522
  • Street Direction: W
  • Address - Street Name: 162nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Markham
  • Carrier Code: C029
  • 4-Digit Zip Code: 5726
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $458,952
  • Tax Rate Code Area: 37054

    Appraisal Valuation

  • Standard Deviation: 0.2714
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 125,927
  • High Value: 160,113
  • Low Value: 91,742

    Market Valuation

  • Market Total Value: $77,000
  • Market Land Value: $26,450
  • Market Improvement Value: $50,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,700
  • Assessed Land Value: $2,645
  • Assessed Improvements Value: $5,055

    Sales

  • Current Sale Contract Date: Jul 06, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2120804071
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 Markham

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1366 ft²

Average Home Age

67.3 years

Currently For Sale

48 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

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MRED

Listed by: Gustavo Lopez, G & R Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11118423
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 1522 West 162nd Street built and last sold?
The property at 1522 West 162nd Street was built in 1965 and last sold on Jul 6, 2021 for $110,000.
How much is this home worth?
The estimated value of the home located at 1522 West 162nd Street is $74,101.
What are some comparable homes to 1522 West 162nd Street?
There are currently no comparable homes to 1522 West 162nd Street.
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