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Fairmont 60441
205 Connor Avenue
$205,000
● House - Off Market

205 Connor Avenue

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$1,330
Est. Monthly
10.49%
Cap Rate

About This Property

Don't be fooled by a drive by....Well-maintained 2 bedroom, 1 Bath home off 171 (State Street) and Bruce Road....walk up full attic ready to be finished.  Appliances stay. Full dry basement, 2 car detached garage with opener, fenced yard, covered patio.   Home qualifies for $7500 Illinois Grant money. Seller would  prefer As-is althought the home has been well taken care of.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$182
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
-

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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 #12059673)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
May 29, 2024 Listed by Coldwell Banker Real Estate Group $199,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Building Info

Overview

    General

  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,713
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DELLWOOD HIGHLANDS
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 141 IN DELLWOOD HIGHLANDS, BEING A SUB OF PRT OF THE S1/2 OF THE S1/2 OF SEC. 26 27, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880702

Geography

  • Parcel: 11-04-27-406-017
  • Lot: 141
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5699
  • Longitude: -88.0656

    Address

  • Full Address: 205 Connor Ave
  • Address - House Number: 205
  • Address - Street Name: Connor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lockport
  • Carrier Code: C002
  • 4-Digit Zip Code: 4706
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $363,106
  • Tax Rate Code Area: 1109

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 78
  • Final Value: 177,165
  • High Value: 207,455
  • Low Value: 146,875

    Market Valuation

  • Market Total Value: $138,357
  • Market Land Value: $44,280
  • Market Improvement Value: $94,077

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,119
  • Assessed Land Value: $14,760
  • Assessed Improvements Value: $31,359

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 22, 2013
  • Current Sale Recording Date: Sep 25, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2013109969
  • Previous Sale Recording Date: Jul 05, 2013
  • Previous Sale Contract Date: Jun 17, 2013
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Fairmont

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1221 ft²

Average Home Age

64.5 years

Currently For Sale

4 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

Currently no nearby rentals
MRED

Listed by: Margaret Apgar, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12059673
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 205 Connor Avenue built and last sold?
The property at 205 Connor Avenue was built in and last sold on Aug 22, 2013 for $67,000.
How much is this home worth?
The estimated value of the home located at 205 Connor Avenue is $206,785.
What are some comparable homes to 205 Connor Avenue?
There are currently no comparable homes to 205 Connor Avenue.
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