8
Map
1843 Candlelight Place Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Listed by HomesUSA.com | $1,729,000 | |
| Listed by HomesUSA.com | |||
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 8, 2025 | Listed | $597,000 | |
| Listed | |||
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Massive oversized lot zoned to Oak Forest Elementary! Most competitively priced opportunity to build in the Oak Forest Elementary School District! Includes private access to greenspace behind the property for walking or jogging. Candlelight Place is a private community with no through traffic. The property is located on a quiet cul-de-sac with new homes surrounding. Don't miss this opportunity to build your dream home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017