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Markham 60428
16240 Justine Street
$83,000
● House - Off Market

16240 Justine Street

Markham, IL 60428
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,218 Ft²
$440
Est. Monthly
32.23%
Cap Rate

About This Property

This Markham Tri Level has an addition off the back, 2 car garage, long side drive, and vaulted ceilings. Addition could be a formal dining room, office, or possibly a bedroom. Lower Level has a family room and laundry/mechanical. The Kitchen and Living Rooms are spacious and bright and the vaulted ceilings add to the grandeur. 3 beds and full bath are on the 2nd floor with an open hallway overlooking the Living Room. Make your appointment to explore this opportunity today. The house is being sold strictly As-Is and the Buyer must view property before offering. MULTIPLE OFFERS RECEIVED. DEADLINE TO SUBMIT HIGHEST AND BEST OFFERS IS 6/13/25 AT 11:59 PM.
Unit Size
1,218 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$61
Property Type
House
Property Taxes
$74
HOA Dues
-
Year Built
1961

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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
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 5,670
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,218
  • Gross Building Area: 1,218
  • Building Area: 1,218
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,218
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROISSANT PARK MARKHAM ADD 07
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-20-122-049-0000
  • Lot: 37,38
  • Meridian: SEC 20 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5943
  • Longitude: -87.655

    Address

  • Full Address: 16240 Justine St
  • Address - House Number: 16240
  • Address - Street Name: Justine
  • Address - Suffix Type: St
  • State: IL
  • City Name: Markham
  • Carrier Code: C029
  • 4-Digit Zip Code: 5741
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 37054

    Appraisal Valuation

  • Standard Deviation: 0.2668
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 119,375
  • High Value: 151,233
  • Low Value: 87,518

    Market Valuation

  • Market Total Value: $74,000
  • Market Land Value: $18,430
  • Market Improvement Value: $55,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,400
  • Assessed Land Value: $1,843
  • Assessed Improvements Value: $5,557

    Sales

  • Current Sale Contract Date: Mar 10, 2006
  • Current Sale Recording Date: Mar 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0609043286
  • Previous Sale Recording Date: Jul 26, 2005
  • Previous Sale Contract Date: Jun 29, 2005
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

1498 ft²

Average Home Age

65.5 years

Currently For Sale

53 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 16775 Artesian Avenue, Hazel Crest, IL, 60429

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 867 ft²
16775 Artesian Avenue, Hazel Crest, IL, 60429 Listing by Ayesha Afaq

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mark Groble, Team GT PLLC
Data Source: MRED, MLS# MRD12383883
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 16240 Justine Street built and last sold?
The property at 16240 Justine Street was built in 1961 and last sold on Mar 10, 2006 for $128,000.
How much is this home worth?
The estimated value of the home located at 16240 Justine Street is $0.
What are some comparable homes to 16240 Justine Street?
There are currently no comparable homes to 16240 Justine Street.
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