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Chicago 60609 Back of the Yards
2111 W 54th Place
$115,100
● House - Off Market

2111 W 54th Place

Chicago, IL 60609
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$567
Est. Monthly
34.81%
Cap Rate

About This Property

Don't miss out on this opportunity to own this spacious 2 story home. This property features 3 large bedroom and two baths. Bring your design ideas and make it your own. Easy access, schedule your appointment today!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$62
Property Type
House
Property Taxes
$203
HOA Dues
-
Year Built
1915

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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 #11928916)

Price History

Date / Event Date Event Price
Dec 13, 2023 Sold
Premium
Sold
Nov 10, 2023 Listed by Better Homes For America, LLC $74,000
Listed by Better Homes For America, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 5
  • 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: 3,750
  • Total Building Area: 858
  • Gross Building Area: 858
  • Building Area: 858
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 858
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLINS & MORRIS
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (COLLINS) & (MORRIS) SUB OF LTS 29 & 32 EX E 5 ACS & W 50 FT IN IGLEHARTS SUB OF SW SEC 07-38-14

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 611600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 20-07-321-014-0000
  • Lot: 29,32
  • Meridian: SEC 07 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.7946
  • Longitude: -87.6773

    Address

  • Full Address: 2111 W 54th Pl
  • Address - House Number: 2111
  • Street Direction: W
  • Address - Street Name: 54th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C060
  • 4-Digit Zip Code: 5529
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,113
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 144,506
  • High Value: 182,811
  • Low Value: 106,200

    Market Valuation

  • Market Total Value: $80,010
  • Market Land Value: $24,380
  • Market Improvement Value: $55,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,001
  • Assessed Land Value: $2,438
  • Assessed Improvements Value: $5,563

    Sales

  • Current Sale Contract Date: Dec 13, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 41146
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 Southwest Side

Stats & Trends

Median Asking:

$368,000

Sale Price/ft²

$240

Above Asking

54.51%

Average Days on Market

48

Average Home Size

1056 ft²

Average Home Age

86.3 years

Currently For Sale

282 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 1453 W Garfield Boulevard, Chicago, IL, 60636

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,250 ft²
1453 W Garfield Boulevard #3, Chicago, IL, 60636 Listing by Jose Godinez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gerard Lewis, Better Homes For America, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11928916
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 2111 West 54th Place built and last sold?
The property at 2111 West 54th Place was built in 1915 and last sold on Dec 13, 2023 for $115,500.
How much is this home worth?
The estimated value of the home located at 2111 West 54th Place is $0.
What are some comparable homes to 2111 West 54th Place?
There are currently no comparable homes to 2111 West 54th Place.
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