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Park Forest 60466
196 Miami Street
$115,000
● House - Off Market

196 Miami Street

Park Forest, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
square feet
949 Ft²
$128,233
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Bright, cozy 2 bedroom single family house with a 2 gar garage in Park forest. Recent updates include: Bathroom, Fridge & Stove, laminate flooring, gutters, Windows, hot water heater, furnace & landscaping. Outside in the back is a nice patio for your BBQ's in the summer time. Ready to call this place your home ?
Unit Size
949 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$121
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1951

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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.

Last updated: 3 years ago (MRED MLS #11224117)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Sep 20, 2021 Listed by Guidance Realty $115,000
Listed by Guidance Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,738
  • Total Building Area: 949
  • Gross Building Area: 949
  • Building Area: 949
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 949
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA5
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (VILLAGE) OF PARK (FOREST) (AREA5) SUB OF PT EH SEC35 & PT BLKS31-33,42-46,53-56,62-65,72-73,79-84 IN WH SEC36 WH SEC 36-35-1

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830400

Geography

  • District: 32
  • Parcel: 31-36-314-020-0000
  • Block: 31-33
  • Lot: 22
  • Meridian: SEC 36 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4726
  • Longitude: -87.6908

    Address

  • Full Address: 196 Miami St
  • Address - House Number: 196
  • Address - Street Name: Miami
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C019
  • 4-Digit Zip Code: 2317
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $467,831
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 103,872
  • High Value: 131,397
  • Low Value: 76,347

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $23,580
  • Market Improvement Value: $86,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $2,358
  • Assessed Improvements Value: $8,642

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2135033053
  • Previous Sale Recording Date: Feb 18, 2015
  • Previous Sale Contract Date: Sep 11, 2014
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: UNK
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 Park Forest

Stats & Trends

Median Asking:

$165,500

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1455 ft²

Average Home Age

70.5 years

Currently For Sale

122 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 13 Hemlock Street, Park Forest, IL, 60466

$1,575 /mo

  • 2 Beds
  • 1 Bath
  • 925 ft²
13 Hemlock Street #13, Park Forest, IL, 60466 Listing by Tameka Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Subica Rauf, Guidance Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11224117
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 196 Miami Street built and last sold?
The property at 196 Miami Street was built in 1951 and last sold on Nov 12, 2021 for $115,000.
How much is this home worth?
The estimated value of the home located at 196 Miami Street is $116,393.
What are some comparable homes to 196 Miami Street?
There are currently no comparable homes to 196 Miami Street.
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