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South Chicago Heights 60411
202 Interocean Avenue
$183,000
● House - Off Market

202 Interocean Avenue

South Chicago Heights, IL 60411
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,080 Ft²
$957
Est. Monthly
13.96%
Cap Rate

About This Property

This 3 Bdr. 1-1/2 Bath two story with a full basement and an attached one car garage features a newly renovated kitchen, new vinyl plank flooring though-out the main level. It has a separate dining room, a spacious living room, one bedroom on the main level & two upstairs. It has a fenced rear yard and a new asphalt driveway. Playset can stay!
Unit Size
1,080 Ft²
Days on Market
-
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
1925

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 816
  • Gross Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INTER OCEAN LAND
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (INTER)(OCEAN)(LAND) COS SUB OF THAT PT OF N 477.84F T OF PT LYING W OF CENTER OF CHICAGO&VINCENNES RD EX PT BEGINNING AT IN

Neighborhood

  • School District Name: Chicago Heights School District 170
  • Census Tract: 829500

Geography

  • District: 12
  • Parcel: 32-29-406-004-0000
  • Block: 4
  • Lot: 6
  • Meridian: SEC 29 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4905
  • Longitude: -87.6444

    Address

  • Full Address: 202 Interocean Ave
  • Address - House Number: 202
  • Address - Street Name: Interocean
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C008
  • 4-Digit Zip Code: 4792
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $107,345
  • Tax Rate Code Area: 12024

    Appraisal Valuation

  • Standard Deviation: 0.2609
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 115,478
  • High Value: 145,615
  • Low Value: 85,342

    Market Valuation

  • Market Total Value: $87,700
  • Market Land Value: $21,880
  • Market Improvement Value: $65,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,770
  • Assessed Land Value: $2,188
  • Assessed Improvements Value: $6,582

    Sales

  • Current Sale Contract Date: Aug 28, 2009
  • Current Sale Recording Date: Sep 24, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0926705049
  • Previous Sale Recording Date: Mar 23, 2005
  • Previous Sale Contract Date: Mar 03, 2005
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71
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 South Chicago Heights

Stats & Trends

Median Asking:

$214,950

Sale Price/ft²

$168

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1008 ft²

Average Home Age

72.4 years

Currently For Sale

8 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 3236 Hopkins Street, Steger, IL, 60475

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,449 ft²
3236 Hopkins Street, Steger, IL, 60475 Listing by AnnMarie Siriano

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jim Rossi, Re/Max 10
Data Source: MRED, MLS# MRD12349022
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 202 Interocean Avenue built and last sold?
The property at 202 Interocean Avenue was built in 1925 and last sold on Aug 28, 2009 for $55,000.
How much is this home worth?
The estimated value of the home located at 202 Interocean Avenue is $186,901.
What are some comparable homes to 202 Interocean Avenue?
There are currently no comparable homes to 202 Interocean Avenue.
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