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Mokena 60448
18800 113th Avenue
$442,000
● House - Off Market

18800 113th Avenue

Mokena, IL 60448
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,228 Ft²
$2,825
Est. Monthly
6.09%
Cap Rate

About This Property

Beautiful Custom Built Home on almost an acre of private, peaceful property.  Walk into a Formal Foyer leading to a Massive Great Room with excellent natural light coming in.  Beautifully updated Eat in Kitchen with Newer White Shaker Cabinets, Granite Counter tops, and Stainless Steal Appliances.  Off the kitchen enjoy a large 3 season screened-in porch overlooking a great piece of land.  Over 3200 square feet, with full unfinished basement, and massive detached 2 car garage!  Minutes to expressway and Metra. Lincolnway schools!This property requires special servicing. For the first 20 days, the property is to be marketed to owner occupants only. During this period, the buyer must be willing to sign an owner occupancy disclosure.
Unit Size
3,228 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$138
Property Type
House
Property Taxes
$632
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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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.

Last updated: 3 years ago (MRED MLS #11951064)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold
Premium
Sold
Dec 23, 2023 Listed by Kennedy Connection Realtors $446,500
Listed by Kennedy Connection Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,124
  • Total Building Area: 3,228
  • Building Area: 3,228
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 3,228
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERT BARTLETTS SUNNY ACRES
  • Land Acres: 0000000900
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 29 IN SUNNY ACRES BEING A SUB OF PART OF THE E1/2 OF THE SE1/4 OF SEC 6 T35N-R12E. (EX THE W 286 FT PER R79-013517).

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 883519

Geography

  • Parcel: 19-09-06-401-012
  • Lot: 29
  • Meridian: SEC 06 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5482
  • Longitude: -87.8929

    Address

  • Full Address: 18800 113th Ave
  • Address - House Number: 18800
  • Address - Street Name: 113th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mokena
  • Carrier Code: R046
  • 4-Digit Zip Code: 9444
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $758,760
  • Tax Rate Code Area: 1911

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 443,188
  • High Value: 481,814
  • Low Value: 404,563

    Market Valuation

  • Market Total Value: $306,027
  • Market Land Value: $52,902
  • Market Improvement Value: $253,125

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,009
  • Assessed Land Value: $17,634
  • Assessed Improvements Value: $84,375

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 22, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 9995
  • Previous Sale Recording Date: Mar 12, 2019
  • Previous Sale Contract Date: Feb 27, 2019
  • Previous Sale Document Type: 64
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 Mokena

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2903 ft²

Average Home Age

28.6 years

Currently For Sale

53 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 10841 Prairie Lane, Mokena, IL, 60448

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,235 ft²
10841 Prairie Lane #12, Mokena, IL, 60448 Listing by Stacia Stanek
Unit for rent at 11550 Francis Road, Mokena, IL, 60448

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,250 ft²
11550 Francis Road, Mokena, IL, 60448 Listing by Margaret Wilk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kevin Kennedy, Kennedy Connection Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11951064
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 18800 113th Avenue built and last sold?
The property at 18800 113th Avenue was built in 1954 and last sold on Jan 22, 2024 for $442,000.
How much is this home worth?
The estimated value of the home located at 18800 113th Avenue is $0.
What are some comparable homes to 18800 113th Avenue?
There are currently no comparable homes to 18800 113th Avenue.
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