For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Midlothian 60445
15222 Ridgeway Avenue
$145,000
● House - Off Market

15222 Ridgeway Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,527 Ft²
$198,197
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Great opportunity to own a great home at an affordable price in a great neighborhood. Home on a generous lot, fenced in backyard including wood patio and detached 2.5 car garage. Needs a little TLC and updating, but great potential! This 3 bedroom 1.5 bath home includes nice kitchen with eat-in area, lots of cabinet space and washer and dryer. the large master bedroom suite includes half bath. A large 18 X 24 family room with wood burning fireplace was a major addition to the home. Dining Room off the kitchen, large living room includes wood laminate flooring.  Great curb appeal and lots of potential!  Convenient location near shopping and dining.
Unit Size
1,527 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$118
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1963

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11196525)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Aug 19, 2021 Listed by Valle Realty $179,900
Listed by Valle Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 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: 7,560
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,527
  • Gross Building Area: 1,527
  • Building Area: 1,527
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,527
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIFTH ADD TO BREMENSHIRE ESTATES
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FIFTH) ADD TO (BREMENSHIRE) (ESTATES) SUB OF PT OF N W N OF IBL EX S 40 ACS N 60 ACS WH NW SEC 14-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-14-105-066-0000
  • Lot: 349
  • Meridian: SEC 14 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6156
  • Longitude: -87.7109

    Address

  • Full Address: 15222 Ridgeway Ave
  • Address - House Number: 15222
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C008
  • 4-Digit Zip Code: 3749
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $684,839
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 219,544
  • High Value: 276,836
  • Low Value: 162,251

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $32,130
  • Market Improvement Value: $147,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $3,213
  • Assessed Improvements Value: $14,787

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2136218373
  • Previous Sale Recording Date: Jul 13, 2000
  • Previous Sale Contract Date: Jul 07, 2000
  • Previous Sale Amount: $134,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

49

Average Home Size

1397 ft²

Average Home Age

63.1 years

Currently For Sale

21 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marion Valle, Valle Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11196525
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 15222 Ridgeway Avenue built and last sold?
The property at 15222 Ridgeway Avenue was built in 1963 and last sold on Dec 17, 2021 for $145,000.
How much is this home worth?
The estimated value of the home located at 15222 Ridgeway Avenue is $0.
What are some comparable homes to 15222 Ridgeway Avenue?
There are currently no comparable homes to 15222 Ridgeway Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Bremen Homes for Sale
Bremen Houses for Sale
Bremen Condos for Sale
Bremen Townhouses for Sale
Bremen Multifamily for Sale
Bremen Land for Sale
Bremen Commercial for Sale
Bremen Homes with Basements
Nearby Cities
Orland Park Homes for Sale
Tinley Park Homes for Sale
Oak Lawn Homes for Sale
Oak Forest Homes for Sale
Park Forest Homes for Sale
Frankfort Homes for Sale
Dolton Homes for Sale
Homewood Homes for Sale
Nearby Property Records
Cook County, IL Property Records
Will County, IL Property Records
Lake County, IN Property Records
DuPage County, IL Property Records
Kankakee County, IL Property Records
Porter County, IN Property Records
Kendall County, IL Property Records
Grundy County, IL Property Records
Neighborhoods
West Pullman Real Estate
South Chicago Real Estate
Roseland Real Estate
Beverly Real Estate
Mount Greenwood Real Estate
Morgan Park Real Estate
Calumet Heights Real Estate
Brainerd Real Estate
Nearby Counties
Thornton Homes for Sale
Worth Homes for Sale
Orland Homes for Sale
Rich Homes for Sale
Bloom Homes for Sale
Frankfort Homes for Sale
Palos Homes for Sale
Calumet Homes for Sale
Top Real Estate Agents
Top Agents in Bremen
Top Agents in Thornton
Top Agents in Worth
Top Agents in Orland
Top Agents in Rich
Top Agents in Bloom
Top Agents in Orland Park
Top Agents in Tinley Park