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Homewood 60430
2140 Spruce Road
$149,777
● House - Off Market

2140 Spruce Road

Homewood, IL 60430
bedrooms
2 Beds
bathrooms
1 Bath
square feet
952 Ft²
$154,343
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

ATTENTION ALL First-Time Home buyers & Real Estate Investors looking for a Cash-Flow Rental!!! Cozy and charming Brick Ranch. Move in ready and Priced-to-Sell. Bring your buyers. Large back yard, driveway, closed to train, highway and Shopping Centers. Won't be disappointed!!!!
Unit Size
952 Ft²
Days on Market
-
Land Size
-
Price per sqft
$157
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1950

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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 #11725841)

Price History

Date / Event Date Event Price
Mar 27, 2023 Sold
Premium
Sold
Feb 25, 2023 Listed by United Real Estate - Chicago $149,777
Listed by United Real Estate - Chicago

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 7,300
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 500
  • Total Building Area: 952
  • Gross Building Area: 952
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIXMOOR SUB
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (DIXMOOR) SUB OF NE OF NE OF SEC 36-36-13 & PT SEC 31 -36-14 W OF DIXIE HWY NH NH SEC 31-36-14

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828401

Geography

  • District: 37
  • Parcel: 29-31-102-019-0000
  • Block: 2
  • Lot: 19
  • Meridian: SEC 36 TWN 36N RNG 13E
  • Municipality: THORNTON
  • Latitude: 41.5709
  • Longitude: -87.6693

    Address

  • Full Address: 2140 Spruce Rd
  • Address - House Number: 2140
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Homewood
  • Carrier Code: C006
  • 4-Digit Zip Code: 1046
  • Zip Code: 60430

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $255,069
  • Tax Rate Code Area: 37069

    Appraisal Valuation

  • Standard Deviation: 0.2414
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 155,869
  • High Value: 193,506
  • Low Value: 118,233

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $29,200
  • Market Improvement Value: $100,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,920
  • Assessed Improvements Value: $10,080

    Sales

  • Current Sale Contract Date: Mar 16, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33149
  • Previous Sale Recording Date: Sep 07, 2016
  • Previous Sale Contract Date: Aug 25, 2016
  • Previous Sale Amount: $85,000
  • 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 Homewood

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$171

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1561 ft²

Average Home Age

68.2 years

Currently For Sale

53 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

Rentals Near You

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MRED

Listed by: Ruth Ramos, United Real Estate - Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11725841
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 2140 Spruce Road built and last sold?
The property at 2140 Spruce Road was built in 1950 and last sold on Mar 16, 2023 for $150,000.
How much is this home worth?
The estimated value of the home located at 2140 Spruce Road is $151,384.
What are some comparable homes to 2140 Spruce Road?
There are currently no comparable homes to 2140 Spruce Road.
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