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Homewood 60430
2131 Downey Road
$230,000
● House - Off Market

2131 Downey Road

Homewood, IL 60430
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,225 Ft²
$238,993
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Great home located in the Downey Manor neighborhood of Homewood. This home features 4 bedrooms, 2 are up and 2 are main level. There are HW floors under the carpet on the main level of the original home (not the FR addition) The family room addition with exposed brick wall adds more square footage to the house than noted in the MLS.  There is a stackable washer/dryer located off the family room for added convenience as well as laundry hook up in the basement. The original exterior stairs from the basement are located in the family room to create an additional basement access. Updates include: HVAC 2019, Roof approx 2012, and newer Anderson windows. Close to METRA, shopping, parks and schools. TAXES ARE IN THE PROCESS OF BEING APPEALED.
Unit Size
1,225 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$192
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1952

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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 #11706579)

Price History

Date / Event Date Event Price
Apr 10, 2023 Sold
Premium
Sold
Jan 24, 2023 Listed by Baird & Warner $234,900
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 7,673
  • Total Building Area: 1,225
  • Gross Building Area: 1,225
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECOND ADD TO DOWNEY MANOR
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (SECOND) ADD TO (DOWNEY)(MANOR) SUB IN PT SH NW SEC 06-35-14

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828601

Geography

  • District: 12
  • Parcel: 32-06-126-027-0000
  • Block: 1
  • Lot: 13
  • Meridian: SEC 06 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.55
  • Longitude: -87.6688

    Address

  • Full Address: 2131 Downey Rd
  • Address - House Number: 2131
  • Address - Street Name: Downey
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Homewood
  • Carrier Code: C004
  • 4-Digit Zip Code: 3603
  • Zip Code: 60430

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $344,522
  • Tax Rate Code Area: 12019

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 238,302
  • High Value: 262,396
  • Low Value: 214,208

    Market Valuation

  • Market Total Value: $210,010
  • Market Land Value: $38,370
  • Market Improvement Value: $171,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,001
  • Assessed Land Value: $3,837
  • Assessed Improvements Value: $17,164

    Sales

  • Current Sale Contract Date: Apr 10, 2023
  • Current Sale Recording Date: Apr 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49025
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 Homewood

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$170

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1575 ft²

Average Home Age

69.2 years

Currently For Sale

59 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 18549 Dundee Avenue, Homewood, IL, 60430

$2,395 /mo

  • 3 Beds
  • 2 Baths
  • 1,399 ft²
18549 Dundee Avenue, Homewood, IL, 60430 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Susan Adduci, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11706579
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 2131 Downey Road built and last sold?
The property at 2131 Downey Road was built in 1952 and last sold on Apr 10, 2023 for $230,000.
How much is this home worth?
The estimated value of the home located at 2131 Downey Road is $235,814.
What are some comparable homes to 2131 Downey Road?
There are currently no comparable homes to 2131 Downey Road.
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