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Park Forest 60466
160 Monee Road
$100,000
● House - Off Market

160 Monee Road

Park Forest, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
square feet
962 Ft²
$108,164
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Come check out this 2 bed 1 bath ranch conveniently located close to schools, shopping, entertainment, and more. This home features, an eat-in kitchen, with all appliances included! A large spacious living room with a beautiful view of the woods across the street. Laminate flooring throughout, and a big fenced back yard perfect for entertaining.
Unit Size
962 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$104
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1954

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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.

Last updated: 3 years ago (MRED MLS #11270345)

Price History

Date / Event Date Event Price
Jan 7, 2022 Sold
Premium
Sold
Nov 15, 2021 Listed by Real Property Realty LLc $100,000
Listed by Real Property Realty LLc

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 962
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,484
  • Total Building Area: 1,924
  • Building Area: 962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA #6
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 31 BLOCK 9 IN VILLAGE OF PARK FOREST, AREA 6, BEING A SUB OF PRT OF THE NE1/4 OF SEC 2, THE NW1/4 OF SEC 1, T34N-R13E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883603

Geography

  • Parcel: 21-14-01-105-019
  • Block: 9
  • Lot: 31
  • Meridian: SEC 01 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4664
  • Longitude: -87.689

    Address

  • Full Address: 160 Monee Rd
  • Address - House Number: 160
  • Address - Street Name: Monee
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2528
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $442,926
  • Tax Rate Code Area: 2102

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 126,245
  • High Value: 148,913
  • Low Value: 103,578

    Market Valuation

  • Market Total Value: $82,506
  • Market Land Value: $21,840
  • Market Improvement Value: $60,666

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,502
  • Assessed Land Value: $7,280
  • Assessed Improvements Value: $20,222

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2022005675
  • Previous Sale Recording Date: Aug 20, 2004
  • Previous Sale Contract Date: Jul 29, 2004
  • Previous Sale Amount: $94,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

1458 ft²

Average Home Age

70.2 years

Currently For Sale

128 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 188 Nanti Street, Park Forest, IL, 60466

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,092 ft²
188 Nanti Street, Park Forest, IL, 60466 Listing by Payton Jeffers
Unit for rent at 138 Algonquin Street, Park Forest, IL, 60466

$2,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
138 Algonquin Street, Park Forest, IL, 60466 Listing by Earlene Slusher
Unit for rent at 1947 Beacon Boulevard, Chicago Heights, IL, 60411

$2,200 /mo

  • 4 Beds
  • 1 Bath
  • 1,233 ft²
1947 Beacon Boulevard, Chicago Heights, IL, 60411 Listing by Christina Barbaro

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Melina Piscopo, Real Property Realty LLc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11270345
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 160 Monee Road built and last sold?
The property at 160 Monee Road was built in 1954 and last sold on Jan 7, 2022 for $100,000.
How much is this home worth?
The estimated value of the home located at 160 Monee Road is $115,271.
What are some comparable homes to 160 Monee Road?
There are currently no comparable homes to 160 Monee Road.
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