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Lockport 60441
Undisclosed Address
$465,000
● House - Off Market

Undisclosed Address

Lockport, IL 60441
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,478 Ft²
$3,307
Est. Monthly
5.63%
Cap Rate
Unit Size
2,478 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$202
Property Type
House
Property Taxes
$852
HOA Dues
-
Year Built
2003

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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.

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,299
  • Garage Type: 7
  • Garage Square Area: 429
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,513
  • Total Building Area: 3,667
  • Building Area: 2,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOW WALK
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 215 IN WILLOW WALK UNIT 2, BEING A SUB OF PRT OF SEC 31, T36N R11E.

Neighborhood

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

Geography

  • Parcel: 16-05-31-104-044
  • Lot: 215
  • Meridian: SEC 31 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5624
  • Longitude: -88.0209

    Address

  • Full Address: 17828 S Mitchell Ln
  • Legal Unit: 2
  • Address - House Number: 17828
  • Street Direction: S
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lockport
  • Carrier Code: R034
  • 4-Digit Zip Code: 4774
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $975,998
  • Tax Rate Code Area: 1626

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 419,481
  • High Value: 479,034
  • Low Value: 359,928

    Market Valuation

  • Market Total Value: $329,184
  • Market Land Value: $72,597
  • Market Improvement Value: $256,587

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $109,728
  • Assessed Land Value: $24,199
  • Assessed Improvements Value: $85,529

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2003
  • Current Sale Recording Date: Jul 25, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2003179027
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:

$379,995

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2139 ft²

Average Home Age

31.4 years

Currently For Sale

73 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: Andis Combi, Comandis Realty
Data Source: MRED, MLS# MRD12209720
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 17828 South Mitchell Lane built and last sold?
The property at 17828 South Mitchell Lane was built in 2003 and last sold on Jul 22, 2003 for $249,000.
How much is this home worth?
The estimated value of the home located at 17828 South Mitchell Lane is $0.
What are some comparable homes to 17828 South Mitchell Lane?
There are currently no comparable homes to 17828 South Mitchell Lane.
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