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Markham 60428
16344 Justine Street
$85,000
● House - Off Market

16344 Justine Street

Markham, IL 60428
bedrooms
3 Beds
bathrooms
1 Bath
square feet
968 Ft²
$100,678
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Attention Investors!! Excellent choice for anyone looking for a great, turnkey investment opportunity!!  This three-bedroom, one bathroom ranch home is occupied by stable, very long-term tenants, who are interested in continuing as tenants. This Markham home is located one block from the Barack H. Obama Learning Academy which serves Pre K-8th grades, and 1.6 miles from the new Amazon Fulfillment Center. The exterior of the home features a new asphalt driveway and a new garage roof. The kitchen was updated this summer with a new stove and microwave and a new refrigerator was added in 2019.  Prior to listing the house, the seller had a City of Markham Sale Inspection conducted and it passed in July 2021. The home is being sold "as-is".
Unit Size
968 Ft²
Days on Market
-
Land Size
-
Price per sqft
$103
Property Type
House
Property Taxes
$86
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.

Last updated: 3 years ago (MRED MLS #11233367)

Price History

Date / Event Date Event Price
May 25, 2022 Sold
Premium
Sold
Sep 30, 2021 Listed by EXIT Strategy Realty $99,900
Listed by EXIT Strategy Realty

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: 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,805
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 250
  • Total Building Area: 968
  • Gross Building Area: 968
  • Building Area: 968
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 968
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROISSANT PARK MARKHAM FIRST
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (CROISSANT) PARK (MARKHAM)(FIRST) ADD SUB OF PT ALSO RESUB OF BLKS 2-4 IN LOWER HARVEY SUB OF NH OF NW OF SW OF SEC 20-36-14

Neighborhood

  • School District Name: Hazel Crest School District 152-5
  • Census Tract: 827600

Geography

  • District: 37
  • Parcel: 29-20-300-053-0000
  • Block: 2-4
  • Lot: 29,30
  • Meridian: SEC 20 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5923
  • Longitude: -87.655

    Address

  • Full Address: 16344 Justine St
  • Address - House Number: 16344
  • Address - Street Name: Justine
  • Address - Suffix Type: St
  • State: IL
  • City Name: Markham
  • Carrier Code: C029
  • 4-Digit Zip Code: 5762
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $80,110
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37055

    Appraisal Valuation

  • Standard Deviation: 0.2565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 88,236
  • High Value: 110,876
  • Low Value: 65,597

    Market Valuation

  • Market Total Value: $61,000
  • Market Land Value: $18,870
  • Market Improvement Value: $42,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,100
  • Assessed Land Value: $1,887
  • Assessed Improvements Value: $4,213

    Sales

  • Current Sale Contract Date: May 21, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 42028
  • Previous Sale Recording Date: Oct 26, 1993
  • Previous Sale Contract Date: Oct 13, 1993
  • Previous Sale Amount: $26,666
  • Previous Sale Document Type: 71
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:

$179,450

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1298 ft²

Average Home Age

67.1 years

Currently For Sale

51 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: William Bates Jr, EXIT Strategy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11233367
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 16344 Justine Street built and last sold?
The property at 16344 Justine Street was built in 1961 and last sold on May 21, 2022 for $85,000.
How much is this home worth?
The estimated value of the home located at 16344 Justine Street is $0.
What are some comparable homes to 16344 Justine Street?
There are currently no comparable homes to 16344 Justine Street.
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