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Park Forest 60466
216 Miami Street
$159,500
● House - Off Market

216 Miami Street

Park Forest, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
square feet
974 Ft²
$1,172
Est. Monthly
8.32%
Cap Rate

About This Property

Welcome to this exquisite and meticulously renovated residence. Step into luxury with this top-to-bottom remodel that seamlessly blends modern sophistication with timeless charm. No detail has been spared in transforming this property into a true masterpiece. Every inch of this home reflects a commitment to quality and style, creating an environment that seamlessly combines functionality and aesthetics. With a focus on modern convenience and luxury, this remodel raises the standard of living to new heights. Come experience the epitome of refined living - schedule your private tour today and make this newly remodeled house your dream home.
Unit Size
974 Ft²
Days on Market
-
Land Size
-
Price per sqft
$164
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1951

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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 #12078369)

Price History

Date / Event Date Event Price
Aug 15, 2024 Sold
Premium
Sold
Jul 9, 2024 In contract -
In contract
Jun 29, 2024 Relisted $159,500
Relisted
Jun 18, 2024 In contract -
In contract
Jun 12, 2024 Listed by United Real Estate Elite $159,500
Listed by United Real Estate Elite

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • 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: 7,335
  • Total Building Area: 974
  • Gross Building Area: 974
  • Building Area: 974
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 974
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE/PK FOREST
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830400

Geography

  • District: 32
  • Parcel: 31-36-312-018-0000
  • Block: 54
  • Lot: 23
  • Meridian: SEC 36 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4742
  • Longitude: -87.6926

    Address

  • Full Address: 216 Miami St
  • Address - House Number: 216
  • Address - Street Name: Miami
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C008
  • 4-Digit Zip Code: 2331
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $466,451
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 91,007
  • High Value: 115,123
  • Low Value: 66,892

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $25,670
  • Market Improvement Value: $84,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $2,567
  • Assessed Improvements Value: $8,433

    Sales

  • Current Sale Contract Date: May 12, 2021
  • Current Sale Recording Date: Jun 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2116207056
  • Previous Sale Recording Date: Apr 23, 2021
  • Previous Sale Contract Date: Mar 26, 2021
  • Previous Sale Amount: $38,000
  • Previous Sale Document Type: 27
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:

$166,000

Sale Price/ft²

$129

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1453 ft²

Average Home Age

70.3 years

Currently For Sale

131 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 13 Hemlock Street, Park Forest, IL, 60466

$1,575 /mo

  • 2 Beds
  • 1 Bath
  • 925 ft²
13 Hemlock Street #13, Park Forest, IL, 60466 Listing by Tameka Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kamil Nowakowski, United Real Estate Elite
Last Updated: 3 years ago
Data Source: MRED, MLS# 12078369
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 216 Miami Street built and last sold?
The property at 216 Miami Street was built in 1951 and last sold on May 12, 2021 for $52,500.
How much is this home worth?
The estimated value of the home located at 216 Miami Street is $158,871.
What are some comparable homes to 216 Miami Street?
There are currently no comparable homes to 216 Miami Street.
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