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Lockport 60441
16760 W Sioux Drive
$349,000
● House - Off Market

16760 W Sioux Drive

Lockport, IL 60441
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,418 Ft²
$2,507
Est. Monthly
8.10%
Cap Rate

About This Property

Great opportunity for this 4 Bedroom 2 Bath split level in Broken Arrow of Lockport. Lower level 4th Bedroom and family room with fireplace. Nice location. Being sold "as is".
Unit Size
1,418 Ft²
Days on Market
-
Land Size
-
Price per sqft
$246
Property Type
House
Property Taxes
$793
HOA Dues
-
Year Built
1997

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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 #12061604)

Price History

Date / Event Date Event Price
Jun 17, 2024 Sold
Premium
Sold
Jun 15, 2024 In contract -
In contract
May 25, 2024 Listed by RE/MAX IMPACT $349,000
Listed by RE/MAX IMPACT

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,334
  • Garage Type: 7
  • Garage Square Area: 540
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,720
  • Total Building Area: 2,752
  • Building Area: 1,418
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,418
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARROWHEAD OF BROKEN ARROW
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 306 IN ARROWHEAD OF BROKEN ARROW, A RESUB OF LOTS 9, 11 PRT OF 14 IN BROKEN ARROW SEC 30, T36N-R11E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881009

Geography

  • Parcel: 16-05-30-307-019
  • Lot: 306
  • Meridian: SEC 30 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5716
  • Longitude: -88.0239

    Address

  • Full Address: 16760 W Sioux Dr
  • Address - House Number: 16760
  • Street Direction: W
  • Address - Street Name: Sioux
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: R018
  • 4-Digit Zip Code: 4265
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $809,680
  • Tax Rate Code Area: 1626

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 323,465
  • High Value: 374,963
  • Low Value: 271,967

    Market Valuation

  • Market Total Value: $276,156
  • Market Land Value: $61,125
  • Market Improvement Value: $215,031

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,052
  • Assessed Land Value: $20,375
  • Assessed Improvements Value: $71,677

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2003
  • Current Sale Recording Date: Sep 10, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2003224046
  • Previous Sale Recording Date: Oct 02, 2001
  • Previous Sale Contract Date: Sep 28, 2001
  • Previous Sale Amount: $207,000
  • 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 Lockport

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2084 ft²

Average Home Age

32.4 years

Currently For Sale

67 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: Jeffrey McGinn, RE/MAX IMPACT
Last Updated: 3 years ago
Data Source: MRED, MLS# 12061604
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 16760 West Sioux Drive built and last sold?
The property at 16760 West Sioux Drive was built in 1997 and last sold on Aug 25, 2003 for $223,000.
How much is this home worth?
The estimated value of the home located at 16760 West Sioux Drive is $349,647.
What are some comparable homes to 16760 West Sioux Drive?
There are currently no comparable homes to 16760 West Sioux Drive.
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