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Markham 60428
16559 Honore Avenue
$137,700
● House - Off Market

16559 Honore Avenue

Markham, IL 60428
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,030
Est. Monthly
16.29%
Cap Rate

About This Property

Nicely updated 3 bedroom, 1 bath home with detached 2 car garage.  Home is currently occupied by tenant for $1750/mo.  Investor inquiries only.  Property management can be inherited for seamless transition!  Great potential turn key addition to your single family portfolio.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$135
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1965

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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 #12136676)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Premium
Sold
Nov 23, 2024 In contract -
In contract
Oct 4, 2024 Price Decreased $135,000
↓ $5K (3.6%)
Price Decreased
Aug 13, 2024 Listed by eXp Realty, LLC $140,000
Listed by eXp Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,805
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROISSANT PARK MARKHAM
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (CROISSANT) PARK (MARKHAM) SUB OF LOT 2 EX N 15.61FT ALSO ALL LOTS 3-6 IN LAUS SUB OF PT ALSO PT OF SW OF SW OF SEC 20 LYING

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-19-419-061-0000
  • Block: 7,7
  • Lot: 2-6
  • Meridian: SEC 19 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5883
  • Longitude: -87.6616

    Address

  • Full Address: 16559 Honore Ave
  • Address - House Number: 16559
  • Address - Street Name: Honore
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Markham
  • Carrier Code: C024
  • 4-Digit Zip Code: 5814
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,802
  • Tax Rate Code Area: 37055

    Appraisal Valuation

  • Standard Deviation: 0.2714
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 114,690
  • High Value: 145,825
  • Low Value: 83,556

    Market Valuation

  • Market Total Value: $64,000
  • Market Land Value: $18,870
  • Market Improvement Value: $45,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,400
  • Assessed Land Value: $1,887
  • Assessed Improvements Value: $4,513

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: May 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1915049043
  • Previous Sale Recording Date: Oct 24, 2018
  • Previous Sale Contract Date: Oct 15, 2018
  • Previous Sale Amount: $31,500
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: FIX
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

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: Michael Scanlon, eXp Realty, LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12136676
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 16559 Honore Avenue built and last sold?
The property at 16559 Honore Avenue was built in 1965 and last sold on May 30, 2019 for $89,000.
How much is this home worth?
The estimated value of the home located at 16559 Honore Avenue is $0.
What are some comparable homes to 16559 Honore Avenue?
There are currently no comparable homes to 16559 Honore Avenue.
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