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Midlothian 60445
15241 Millard Avenue
$185,000
● House - Off Market

15241 Millard Avenue

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,177 Ft²
$1,333
Est. Monthly
11.84%
Cap Rate

About This Property

This cozy ranch offers 3 bedrooms, 2 full bathrooms, and a comfortable, single-level layout. The home features a spacious living area, an eat-in kitchen, and a private backyard-great for relaxing or entertaining.    With just a few cosmetic updates needed, it's a perfect opportunity to make it your own. Conveniently located near schools, parks, and shopping.
Unit Size
1,177 Ft²
Days on Market
-
Land Size
-
Price per sqft
$149
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1964

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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.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • 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: 11
  • Parking Space Count: 0
  • 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: 1,177
  • Gross Building Area: 1,177
  • Building Area: 1,177
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,177
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 3RD ADD TO BREMENSHIRE ESTATES
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (3RD) ADD TO (BREMENSHIRE) (ESTATES) SUB OF PT OF NW SEC 14-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-14-109-035-0000
  • Lot: 288,2
  • Meridian: SEC 14 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.614
  • Longitude: -87.7079

    Address

  • Full Address: 15241 Millard Ave
  • Address - House Number: 15241
  • Address - Street Name: Millard
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C008
  • 4-Digit Zip Code: 3740
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $415,458
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 196,721
  • High Value: 248,058
  • Low Value: 145,384

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $32,130
  • Market Improvement Value: $117,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $3,213
  • Assessed Improvements Value: $11,787

    Sales

  • Current Sale Contract Date: Apr 28, 2014
  • Current Sale Recording Date: May 02, 2014
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 1412226219
  • Previous Sale Recording Date: Mar 09, 2004
  • Previous Sale Contract Date: Feb 26, 2004
  • Previous Sale Amount: $132,000
  • 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 Midlothian

Stats & Trends

Median Asking:

$257,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1371 ft²

Average Home Age

62.8 years

Currently For Sale

24 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

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MRED

Listed by: Adriana Cuellar, Cagan's Realty, Inc.
Data Source: MRED, MLS# MRD12352376
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 15241 Millard Avenue built and last sold?
The property at 15241 Millard Avenue was built in 1964 and last sold on Apr 28, 2014 for $0.
How much is this home worth?
The estimated value of the home located at 15241 Millard Avenue is $178,881.
What are some comparable homes to 15241 Millard Avenue?
There are currently no comparable homes to 15241 Millard Avenue.
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