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Orland Hills 60487
16656 Beacon Lane
$365,000
● House - Off Market

16656 Beacon Lane

Orland Hills, IL 60487
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,810 Ft²
$2,410
Est. Monthly
6.90%
Cap Rate
Unit Size
1,810 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$204
Property Type
House
Property Taxes
$597
HOA Dues
-
Year Built
1982

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Cap Rate Calculator

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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: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 6,120
  • Total Building Area: 1,810
  • Gross Building Area: 1,810
  • Building Area: 1,810
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,810
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAT OF PARKVIEW HOMES
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (PLAT) OF (PARKVIEW) (HOMES) SUB *NOTE: PARCEL NUMBER IS ABSTRACTED IN BLOCK FIELD* OF PT OF SE SEC 22-36-12

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824125

Geography

  • District: 28
  • Parcel: 27-22-402-006-0000
  • Block: 2
  • Lot: 7
  • Meridian: SEC 22 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5877
  • Longitude: -87.8383

    Address

  • Full Address: 16656 Beacon Ln
  • Address - House Number: 16656
  • Address - Street Name: Beacon
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Orland Hills
  • Carrier Code: R002
  • 4-Digit Zip Code: 5939
  • Zip Code: 60487

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $582,598
  • Tax Rate Code Area: 28021

    Appraisal Valuation

  • Standard Deviation: 0.2256
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 329,185
  • High Value: 403,481
  • Low Value: 254,888

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $41,310
  • Market Improvement Value: $248,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,000
  • Assessed Land Value: $4,131
  • Assessed Improvements Value: $24,869

    Sales

  • Current Sale Contract Date: Jun 03, 2020
  • Current Sale Recording Date: Aug 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2022457020

    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 Orland Hills

Stats & Trends

Median Asking:

$339,950

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1660 ft²

Average Home Age

39 years

Currently For Sale

4 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 15502 Orlan Brook Drive, Orland Park, IL, 60462

$2,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,069 ft²
15502 Orlan Brook Drive #222, Orland Park, IL, 60462 Listing by Nitasha Kassam
Unit for rent at 16641 S Liberty Circle, Orland Hills, IL, 60487

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
16641 S Liberty Circle #2S, Orland Hills, IL, 60487 Listing by Charles Groebe

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Derman, Keller Williams Preferred Rlty
Data Source: MRED, MLS# MRD12471759
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 16656 Beacon Lane built and last sold?
The property at 16656 Beacon Lane was built in 1982 and last sold on Jun 3, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 16656 Beacon Lane is $371,352.
What are some comparable homes to 16656 Beacon Lane?
There are currently no comparable homes to 16656 Beacon Lane.
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