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Park Forest 60466
202 Monee Road
$175,000
● House - Off Market

202 Monee Road

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,144 Ft²
$1,168
Est. Monthly
11.56%
Cap Rate

About This Property

Schedule a Showing of this totally rehabbed 3 Bedroom, 1 and a half bath. With all new stainless steel appliances, new windows, new vinyl floors, new carpet in all bedrooms, new stackable washer and dryer, new  A/C unit, all new kitchen cabinet with quartz counter tops, new bathroom vanity and Toilets in both bathrooms new lighting throughout ,new roof in 2023, new brick patio with landscaping along with new asphalt Driveway Do not miss this home! SCHEDULE TODAY.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$309
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 #11967554)

Price History

Date / Event Date Event Price
Mar 26, 2024 Sold
Premium
Sold
Feb 2, 2024 Listed by Addison Clark Real Estate, LLC $175,000
Listed by Addison Clark Real Estate, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,144
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,428
  • Total Building Area: 2,288
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA #9
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 11 IN VILLAGE OF PRK FOREST AREA NO 9, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 2, AND THE NW1/4 OF SEC. 1, T3

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883603

Geography

  • Parcel: 21-14-02-215-021
  • Lot: 11
  • Meridian: SEC 01 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4651
  • Longitude: -87.694

    Address

  • Full Address: 202 Monee Rd
  • Address - House Number: 202
  • Address - Street Name: Monee
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2404
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $370,212
  • Tax Rate Code Area: 2102

    Appraisal Valuation

  • Standard Deviation: 0.087
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 171,575
  • High Value: 186,517
  • Low Value: 156,633

    Market Valuation

  • Market Total Value: $86,916
  • Market Land Value: $21,840
  • Market Improvement Value: $65,076

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,972
  • Assessed Land Value: $7,280
  • Assessed Improvements Value: $21,692

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 15, 2006
  • Current Sale Recording Date: May 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2006089716
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

$128

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1450 ft²

Average Home Age

69.3 years

Currently For Sale

125 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 5044 Brighton Lane, Richton Park, IL, 60471

$2,050 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
5044 Brighton Lane, Richton Park, IL, 60471 Listing by Dominique Lowery

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Melissa Johnson, Addison Clark Real Estate, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11967554
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 Monee Road built and last sold?
The property at 202 Monee Road was built in 1954 and last sold on May 15, 2006 for $95,000.
How much is this home worth?
The estimated value of the home located at 202 Monee Road is $0.
What are some comparable homes to 202 Monee Road?
There are currently no comparable homes to 202 Monee Road.
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