For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Will 60441
16714 W 147th Place
$170,000
● House - Off Market

16714 W 147th Place

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
1 Bath
square feet
881 Ft²
$1,177
Est. Monthly
17.85%
Cap Rate

About This Property

Ranch home in Lockport Heights featuring 3 bedrooms, 1 bath, and an eat-in kitchen. Bright, comfortable living room and a separate utility room with potential for extra space. The nearly 1/4-acre yard offers plenty of room to relax, play, or garden, and there's a patio plus an oversized 2-car garage. Located in highly rated Will County grade/Jr. high and Lockport High School districts, with unbeatable convenience to I-355 for easy commuting. With some cosmetic updates, you can make this home your own and build equity along the way.
Unit Size
881 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$191
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1953

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 445
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,932
  • Total Building Area: 881
  • Building Area: 881
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 881
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOURAYS SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 26 UNIT 1 IN FOURAYS SUB, BEING A SUB OF PRT OF THE S1/2 OF THE NW1/4 OF SEC 7, T36N-R11E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881001

Geography

  • Parcel: 16-05-07-104-030
  • Lot: 26
  • Meridian: SEC 07 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.6205
  • Longitude: -88.025

    Address

  • Full Address: 16714 W 147th Pl
  • Legal Unit: 1
  • Address - House Number: 16714
  • Street Direction: W
  • Address - Street Name: 147th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lockport
  • Carrier Code: C018
  • 4-Digit Zip Code: 2356
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $281,126
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1611

    Appraisal Valuation

  • Standard Deviation: 0.1431
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 83
  • Final Value: 216,880
  • High Value: 247,925
  • Low Value: 185,836

    Market Valuation

  • Market Total Value: $154,761
  • Market Land Value: $40,752
  • Market Improvement Value: $114,009

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,587
  • Assessed Land Value: $13,584
  • Assessed Improvements Value: $38,003

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2373 ft²

Average Home Age

33 years

Currently For Sale

1528 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Behrens, Re/Max Ultimate Professionals
Data Source: MRED, MLS# MRD12436715
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 16714 West 147th Place built and last sold?
The property at 16714 West 147th Place was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16714 West 147th Place is $0.
What are some comparable homes to 16714 West 147th Place?
There are currently no comparable homes to 16714 West 147th Place.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Homer Homes for Sale
Homer Houses for Sale
Homer Condos for Sale
Homer Townhouses for Sale
Homer Multifamily for Sale
Homer Land for Sale
Homer Commercial for Sale
Homer Homes with Basements
Nearby Cities
Joliet Homes for Sale
Orland Park Homes for Sale
Bolingbrook Homes for Sale
Tinley Park Homes for Sale
Lockport Homes for Sale
Romeoville Homes for Sale
New Lenox Homes for Sale
Homer Glen Homes for Sale
Nearby Property Records
Will County, IL Property Records
DuPage County, IL Property Records
Cook County, IL Property Records
Kendall County, IL Property Records
Grundy County, IL Property Records
Kankakee County, IL Property Records
Kane County, IL Property Records
Lake County, IN Property Records
Neighborhoods
Cathedral Area Real Estate
Reedwood Real Estate
Old Farm Real Estate
University Heights Real Estate
St. Pat's Real Estate
Cunningham Real Estate
Emerald Lawns Real Estate
Naper Carriage Hill Real Estate
Nearby Counties
Orland Homes for Sale
Du Page Homes for Sale
Lockport Homes for Sale
Joliet Homes for Sale
Frankfort Homes for Sale
Palos Homes for Sale
New Lenox Homes for Sale
Lemont Homes for Sale
Top Real Estate Agents
Top Agents in Homer
Top Agents in Joliet
Top Agents in Orland
Top Agents in Du Page
Top Agents in Orland Park
Top Agents in Lockport
Top Agents in Joliet
Top Agents in Bolingbrook