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Park Forest 60466
156 CHESTNUT Street
$97,000
● House - Off Market

156 CHESTNUT Street

Park Forest, IL 60466
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,383 Ft²
$89,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Nice brick and frame split level with 3 bedrooms and 2 baths above grade  plus  another bedroom and 1/2 bath in the finished lower level, along with a big family room. Big lot with a great location across the street from Murphy Park and with the Sauk Trail Woods forest preserve  adjoining your back yard. This Diamond in the Rough just needs your TLC to bring back its' full luster.
Unit Size
1,383 Ft²
Days on Market
-
Land Size
-
Price per sqft
$65
Property Type
House
Property Taxes
$541
HOA Dues
-
Year Built
1957

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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

Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,580
  • Total Building Area: 1,383
  • Gross Building Area: 1,383
  • Building Area: 1,383
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,383
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST VIEW
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (FOREST)(VIEW) SUB OF PT WH NW SEC 31-35-14

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 829402

Geography

  • District: 12
  • Parcel: 32-31-119-020-0000
  • Block: 2
  • Lot: 35
  • Meridian: SEC 31 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.48
  • Longitude: -87.6696

    Address

  • Full Address: 156 Chestnut St
  • Address - House Number: 156
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C009
  • 4-Digit Zip Code: 2169
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $689,750
  • Tax Rate Code Area: 12036

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 166,460
  • High Value: 210,569
  • Low Value: 122,350

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $30,320
  • Market Improvement Value: $139,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $3,032
  • Assessed Improvements Value: $13,968

    Sales

  • Current Sale Contract Date: Oct 24, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 6305
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 Park Forest

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$129

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1470 ft²

Average Home Age

70.7 years

Currently For Sale

126 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 415 Shabbona Drive, Park Forest, IL, 60466

$2,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
415 Shabbona Drive, Park Forest, IL, 60466 Listing by Jennifer Upshaw

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gary Weglarz, Applebrook Realty, Inc.
Data Source: MRED, MLS# MRD11845445
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 156 Chestnut Street built and last sold?
The property at 156 Chestnut Street was built in 1957 and last sold on Oct 24, 2023 for $97,000.
How much is this home worth?
The estimated value of the home located at 156 Chestnut Street is $0.
What are some comparable homes to 156 Chestnut Street?
There are currently no comparable homes to 156 Chestnut Street.
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