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Will 60466
2224 W Wolpers Road
$235,000
● House - Off Market

2224 W Wolpers Road

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,300 Ft²
$1,720
Est. Monthly
8.73%
Cap Rate

About This Property

Custom built ranch in unincorporated Crete with Park Forest address. Located on almost an acre. Covered, relaxing front porch. Huge eat in kitchen with all appliances, wrap counter, bay window plenty of cabinets and recessed lighting. Office/study with French doors and finish laundry room. Bedroom one with French doors. Master bedroom has double closet and shared full bath. French doors leading to deck. Living room with fireplace. Hardwood floors throughout. Attached garage. Concrete crawlspace with sump pump. Above ground pool and equipment. Surrounded by mature trees, a little bit country close to shopping and more.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$106
Property Type
House
Property Taxes
$517
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.

Property Highlights

Air Conditioning
Garage

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 Count: 100
  • 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: 43,560
  • Total Building Area: 2,169
  • Building Area: 2,169
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,169
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A ACRES
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE W 1 ACRES OF THE E 2 ACRES OF THE N 9 ACRES OF THE S 10 ACRES OF LOT 1 IN A SUB PRT OF THE W1/2 NW1/4 SEC 7, T34N-R14E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883804

Geography

  • Parcel: 23-15-07-100-007
  • Lot: 1
  • Meridian: SEC 07 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4543
  • Longitude: -87.6671

    Address

  • Full Address: 2224 W Wolpers Rd
  • Address - House Number: 2224
  • Street Direction: W
  • Address - Street Name: Wolpers
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C014
  • 4-Digit Zip Code: 3423
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $620,938
  • Tax Rate Code Area: 2313

    Appraisal Valuation

  • Standard Deviation: 0.1429
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 83
  • Final Value: 246,396
  • High Value: 281,628
  • Low Value: 211,164

    Market Valuation

  • Market Total Value: $200,052
  • Market Land Value: $34,974
  • Market Improvement Value: $165,078

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,684
  • Assessed Land Value: $11,658
  • Assessed Improvements Value: $55,026

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Will

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2301 ft²

Average Home Age

33.6 years

Currently For Sale

1462 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

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MRED

Listed by: Suzanne Herrmann, McColly Real Estate
Data Source: MRED, MLS# MRD11977263
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 2224 Wolpers Road built and last sold?
The property at 2224 Wolpers Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2224 Wolpers Road is $0.
What are some comparable homes to 2224 Wolpers Road?
There are currently no comparable homes to 2224 Wolpers Road.
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