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Markham 60428
16229 Lathrop Avenue
$91,000
● House - Off Market

16229 Lathrop Avenue

Markham, IL 60428
bedrooms
4 Beds
bathrooms
2 Baths
square feet
768 Ft²
$730
Est. Monthly
40.78%
Cap Rate

About This Property

Four Bedroom Two Full Bathrooms Single Family home.  Two Bedrooms, Family Room and Full Bathroom on the lower level. Plenty of Exterior parking spaces.
Unit Size
768 Ft²
Days on Market
-
Land Size
-
Price per sqft
$111
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1971

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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: 2 years ago (MRED MLS #12054410)

Price History

Date / Event Date Event Price
Oct 4, 2024 Sold
Premium
Sold
Jul 19, 2024 In contract -
In contract
Jul 8, 2024 Listed by Keller Williams ONEChicago $85,000
Listed by Keller Williams ONEChicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827600

Geography

  • District: 37
  • Parcel: 29-20-125-032-0000
  • Block: 16
  • Lot: 19-21
  • Meridian: SEC 20 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5946
  • Longitude: -87.652

    Address

  • Full Address: 16229 Lathrop Ave
  • Address - House Number: 16229
  • Address - Street Name: Lathrop
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Markham
  • Carrier Code: C029
  • 4-Digit Zip Code: 5744
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $374,110
  • Tax Rate Code Area: 37054

    Appraisal Valuation

  • Standard Deviation: 0.2701
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 99,415
  • High Value: 126,271
  • Low Value: 72,558

    Market Valuation

  • Market Total Value: $58,010
  • Market Land Value: $24,380
  • Market Improvement Value: $33,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,801
  • Assessed Land Value: $2,438
  • Assessed Improvements Value: $3,363
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 Markham

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1507 ft²

Average Home Age

65.4 years

Currently For Sale

52 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

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MRED

Listed by: Scott Newman, Keller Williams ONEChicago
Last Updated: 2 years ago
Data Source: MRED, MLS# 12054410
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 16229 Lathrop Avenue built and last sold?
The property at 16229 Lathrop Avenue was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16229 Lathrop Avenue is $0.
What are some comparable homes to 16229 Lathrop Avenue?
There are currently no comparable homes to 16229 Lathrop Avenue.
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