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Phoenix 60426
15243 3rd Avenue
$40,000
● House - Off Market

15243 3rd Avenue

Phoenix, IL 60426
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,182 Ft²
$0
Est. Monthly

About This Property

Attention Investors! This is your chance to snag an incredible property at a fantastic price!   This property has the potential for substantial returns for a seasoned investor once rehabbed.  This is a chance to customize it to your exact specifications. Transform it into a very nice home.  Submit all bids through Hubzu!
Unit Size
1,182 Ft²
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1903

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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

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 6
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,182
  • Gross Building Area: 1,182
  • Building Area: 1,182
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,182
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASONIC ADD TO HARVEY
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (MASONIC) ADD TO (HARVEY) SUB OF LOTS 3 & 4 OF RAVENS LOOTS SUB OF LOTS 2-7 & LOT 15 OF SCHOOL TRUSTEES SUB OF SEC SEC 16-36-

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827200

Geography

  • District: 37
  • Parcel: 29-16-116-013-0000
  • Block: 10
  • Lot: 2-7,1
  • Meridian: SEC 16 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.6119
  • Longitude: -87.6319

    Address

  • Full Address: 15243 3rd Ave
  • Address - House Number: 15243
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Phoenix
  • Carrier Code: C009
  • 4-Digit Zip Code: 2662
  • Zip Code: 60426

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,031
  • Tax Rate Code Area: 37053

    Appraisal Valuation

  • Standard Deviation: 0.2673
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 99,655
  • High Value: 126,297
  • Low Value: 73,012

    Market Valuation

  • Market Total Value: $55,000
  • Market Land Value: $18,750
  • Market Improvement Value: $36,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,500
  • Assessed Land Value: $1,875
  • Assessed Improvements Value: $3,625

    Sales

  • Current Sale Contract Date: Jul 13, 2004
  • Current Sale Recording Date: Aug 05, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0421842024
  • Previous Sale Recording Date: Jul 30, 2003
  • Previous Sale Contract Date: Jul 28, 2003
  • Previous Sale Document Type: 42
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 Phoenix

Stats & Trends

Median Asking:

$197,000

Sale Price/ft²

$144

Below Asking

0.03%

Average Days on Market

70

Average Home Size

2026 ft²

Average Home Age

29.5 years

Currently For Sale

13 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 14931 Evers Street, Dolton, IL, 60419

$2,200 /mo

  • 3 Beds
  • 1 Bath
14931 Evers Street, Dolton, IL, 60419 Listing by Tyrone Green
Unit for rent at 14230 S Normal Avenue, Riverdale, IL, 60827

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
14230 S Normal Avenue, Riverdale, IL, 60827 Listing by Grant Alexander

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Berry Grove, Grove Limited, Realtors
Data Source: MRED, MLS# MRD12288595
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 15243 3rd Avenue built and last sold?
The property at 15243 3rd Avenue was built in 1903 and last sold on Jul 13, 2004 for $63,000.
How much is this home worth?
The estimated value of the home located at 15243 3rd Avenue is $0.
What are some comparable homes to 15243 3rd Avenue?
There are currently no comparable homes to 15243 3rd Avenue.
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