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Harvey 60426
16606 Emerald Avenue
$131,000
● House - Off Market

16606 Emerald Avenue

Harvey, IL 60426
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,488 Ft²
$1,160
Est. Monthly
11.82%
Cap Rate

About This Property

Tremendous opportunity in this all brick ranch with nearly 1500 SF and a full finished basement.  3 generously sized bedrooms with cedar closets and hardwood flooring under carpet. Large Kitchen with Chambers Appliances.  Finished Breezeway ,Attic space with staircase is perfect for added storage or finish it out for a den! 1-car attached garage and 2-car detached outbuilding with huge loft. Roof and windows, and brick are in great shape. Your next project awaits! *Room Sizes Estimated*
Unit Size
1,488 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1952

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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: 3 years ago (MRED MLS #11987835)

Price History

Date / Event Date Event Price
May 2, 2024 Sold
Premium
Sold
Mar 5, 2024 Listed by eXp Realty, LLC $149,900
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,126
  • Total Building Area: 1,488
  • Gross Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WASHINGTON PARK SUB/P WILSONS
  • Land Acres: 0000000255
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827500

Geography

  • District: 37
  • Parcel: 29-21-312-049-0000
  • Block: 5
  • Lot: 39-41
  • Municipality: THORNTON
  • Latitude: 41.5879
  • Longitude: -87.6355

    Address

  • Full Address: 16606 Emerald Ave
  • Address - House Number: 16606
  • Address - Street Name: Emerald
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Harvey
  • Carrier Code: C005
  • 4-Digit Zip Code: 6124
  • Zip Code: 60426

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $462,723
  • Tax Rate Code Area: 37051

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 117,645
  • High Value: 144,509
  • Low Value: 90,782

    Market Valuation

  • Market Total Value: $89,000
  • Market Land Value: $38,940
  • Market Improvement Value: $50,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,900
  • Assessed Land Value: $3,894
  • Assessed Improvements Value: $5,006
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 Harvey

Stats & Trends

Median Asking:

$145,000

Sale Price/ft²

$114

Below Asking

0.04%

Average Days on Market

58

Average Home Size

1235 ft²

Average Home Age

81.9 years

Currently For Sale

72 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 14948 Riverside Drive, South Holland, IL, 60473

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,400 ft²
14948 Riverside Drive, South Holland, IL, 60473 Listing by Fahmida Ahmed

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tyler Burlison, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11987835
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 16606 Emerald Avenue built and last sold?
The property at 16606 Emerald Avenue was built in 1952 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16606 Emerald Avenue is $0.
What are some comparable homes to 16606 Emerald Avenue?
There are currently no comparable homes to 16606 Emerald Avenue.
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