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Chicago Heights 60411
1897 Division Street
$115,000
● House - Off Market

1897 Division Street

Chicago Heights, IL 60411
bedrooms
3 Beds
bathrooms
1 Bath
square feet
914 Ft²
$967
Est. Monthly
22.62%
Cap Rate

About This Property

The clock is ticking so don't let time run out on this budget-friendly buy! This recently updated and move-in ready one-level ranch offers a freshly decorated, easy-to-manage interior. Highlights include a relaxing living room with classic chair rail, Pergo flooring, and modern white trim and doors extending throughout the home. The efficiently designed eat-in kitchen comes equipped with stainless steel appliances, while a convenient laundry, storage, or bonus room sits just off the kitchen. A stylishly remodeled bathroom, newer windows, updated plumbing, and electric add to the value. Outside, you'll find a side drive for parking and a spacious, fully fenced backyard with a patio-perfect for summer entertaining. Easy to see and easy to buy, so schedule your private viewing today before time runs out!
Unit Size
914 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1962

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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

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 914
  • Gross Building Area: 914
  • Building Area: 914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 914
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEACON HILLS
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (BEACON) (HILLS) SUB OF PT OF SEC20 29 30 & SEC 19-35-14

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 829401

Geography

  • District: 12
  • Parcel: 32-30-211-003-0000
  • Block: 8
  • Lot: 3
  • Meridian: SEC 19 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4983
  • Longitude: -87.6643

    Address

  • Full Address: 1897 Division St
  • Address - House Number: 1897
  • Address - Street Name: Division
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C034
  • 4-Digit Zip Code: 3199
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $339,506
  • Tax Rate Code Area: 12037

    Appraisal Valuation

  • Standard Deviation: 0.2704
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 88,935
  • High Value: 112,991
  • Low Value: 64,880

    Market Valuation

  • Market Total Value: $66,880
  • Market Land Value: $14,400
  • Market Improvement Value: $52,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,688
  • Assessed Land Value: $1,440
  • Assessed Improvements Value: $5,248

    Sales

  • Current Sale Contract Date: Mar 03, 2006
  • Current Sale Recording Date: Apr 28, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 0611805075
  • Previous Sale Recording Date: Oct 16, 2001
  • Previous Sale Contract Date: Oct 01, 2001
  • Previous Sale Amount: $21,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Chicago Heights

Stats & Trends

Median Asking:

$200,000

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1151 ft²

Average Home Age

68.7 years

Currently For Sale

81 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 172 Strieff Avenue, Chicago Heights, IL, 60411

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,750 ft²
172 Strieff Avenue, Chicago Heights, IL, 60411 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Domasik, RE/MAX 10 in the Park
Data Source: MRED, MLS# MRD12464428
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 1897 Division Street built and last sold?
The property at 1897 Division Street was built in 1962 and last sold on Mar 3, 2006 for $72,500.
How much is this home worth?
The estimated value of the home located at 1897 Division Street is $0.
What are some comparable homes to 1897 Division Street?
There are currently no comparable homes to 1897 Division Street.
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