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Will 60475
1920 W 235th Street
$200,000
● House - Off Market

1920 W 235th Street

Steger, IL 60475
bedrooms
2 Beds
bathrooms
1 Bath
square feet
972 Ft²
$1,373
Est. Monthly
6.66%
Cap Rate

About This Property

SO MANY RECENT UPDATES TO THIS HOME. REDONE HARDWOOD FLOORS, TILE, HANDCRAFTED MUDROOM,NEW FURNACE, ROOF AND SIDING 1-2 YEARS OLD, WATER SOFTENER AND PRESSURE TANK 2-3 YEARS OLD, SEPTIC WAS REDONE IN 2018, MECHANICS DREAM GARAGE IS - 50'x24'x16' in size, 16'x12' GAR DOOR, CINDER BLK WALLS, STEEL H-BEAM LIFTING SYS, HEATED AND A/C!!! LOT IS OVER AN ACRE IN UNINCORPORATED STEGER WITH SMALL STREAM IN BACK  & TREES, HOME IS NOW 2 LARGE MSTR BDRMS, FULL BSMT WITH TRANFERABLE WARRANTY BY PERMASEAL
Unit Size
972 Ft²
Days on Market
-
Land Size
-
Price per sqft
$206
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1962

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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 #11958586)

Price History

Date / Event Date Event Price
Feb 22, 2024 Sold
Premium
Sold
Jan 9, 2024 Listed by Realtopia Real Estate Inc $199,900
Listed by Realtopia Real Estate Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 972
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,143
  • Total Building Area: 1,944
  • Building Area: 972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 972
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ADAMS ACRES
  • Land Acres: 0000001150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E 100 FT OF THE W 300 FT OF LOT A (EX THE S 33 FT THRF) IN ADAM ACRES, BEING A SUB OF PRT OF SECTION 5 6, IN T34N-R14E.

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 883803

Geography

  • Parcel: 23-15-06-200-050
  • Meridian: SEC 05 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4679
  • Longitude: -87.6599

    Address

  • Full Address: 1920 W 35th St
  • Address - House Number: 1920
  • Street Direction: W
  • Address - Street Name: 35th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Steger
  • Carrier Code: C005
  • 4-Digit Zip Code: 1489
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $469,554
  • Tax Rate Code Area: 2303

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 183,975
  • High Value: 216,876
  • Low Value: 151,073

    Market Valuation

  • Market Total Value: $141,534
  • Market Land Value: $37,608
  • Market Improvement Value: $103,926

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,178
  • Assessed Land Value: $12,536
  • Assessed Improvements Value: $34,642

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 19, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8868
  • Previous Sale Recording Date: Jul 25, 2017
  • Previous Sale Contract Date: Jun 23, 2017
  • Previous Sale Amount: $108,000
  • Previous Sale Document Type: 27
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 Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2352 ft²

Average Home Age

33.6 years

Currently For Sale

1494 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: Karen Wandick, Realtopia Real Estate Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11958586
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 1920 West 235th Street built and last sold?
The property at 1920 West 235th Street was built in 1962 and last sold on Feb 19, 2024 for $200,000.
How much is this home worth?
The estimated value of the home located at 1920 West 235th Street is $0.
What are some comparable homes to 1920 West 235th Street?
There are currently no comparable homes to 1920 West 235th Street.
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