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Joliet 60432 Fairview
1600 Fairmount
Photo of 1600 Fairmount

2

Map

Photo of 1600 Fairmount
$2,500
↓ $9K (77.3%)
● Land - For Sale

1600 Fairmount

Lockport, IL 60441
bedrooms
Studio
bathrooms
0 Bath
$25
Est. Monthly
217.07%
Cap Rate

About This Property

Vacant lot-Never developed. Residential Zoning.  THE OWNER IS SELLING THIS VACANT LAND WITH THE LEGAL REQUIREMENT THAT THE BUYER BUILD A RESIDENTIAL HOME ON THE PROPERTY, AND THAT CONSTRUCTION MUST START WITHIN ONE YEAR OF THE SALE.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$12
HOA Dues
-
Year Built
-

Listed By

Wesley Walker

Payment Calculator

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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

Exterior Details
Lot Size Dimensions: 48 X 133
Financial Details
Tax Annual Amount: $142

Building Info

Overview

    General

  • Total Rooms: 4
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,183
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 550
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: STERN GARDENS
  • Land Acres: 0000000160
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 206 IN STERN GARDENS, BEING A SUB OF PRT OF THE SW1/4 OF SEC. 35, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880702

Geography

  • Parcel: 11-04-35-333-008
  • Lot: 206
  • Meridian: SEC 35 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5536
  • Longitude: -88.0612

    Address

  • Full Address: 1600 Fairmont Ave
  • Address - House Number: 1600
  • Address - Street Name: Fairmont
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lockport
  • Carrier Code: C017
  • 4-Digit Zip Code: 5310
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,920
  • Tax Rate Code Area: 1109

    Market Valuation

  • Market Total Value: $1,299
  • Market Land Value: $1,299

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $433
  • Assessed Land Value: $433

    Sales

  • Current Sale Contract Date: Mar 15, 2007
  • Current Sale Recording Date: Mar 22, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2007044272
  • Previous Sale Recording Date: May 06, 2005
  • Previous Sale Contract Date: Apr 15, 2005
  • Previous Sale Amount: $28,500
  • Previous Sale Document Type: 20
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 Fairview

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$253

Above Asking

0.00%

Average Days on Market

32

Average Home Size

988 ft²

Average Home Age

65 years

Currently For Sale

0 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 307 Stone Street, Joliet, IL, 60435

$2,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
307 Stone Street #1A, Joliet, IL, 60435 Listing by Jeff Jakob

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Wesley Walker, Compass
Data Source: MRED, MLS# MRD12466131
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 1600 Fairmount Avenue built and last sold?
The property at 1600 Fairmount Avenue was built in and last sold on Mar 15, 2007 for $18,000.
How much is this home worth?
The estimated value of the home located at 1600 Fairmount Avenue is $2,525.
What are some comparable homes to 1600 Fairmount Avenue?
There are currently no comparable homes to 1600 Fairmount Avenue.
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