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Chicago Heights 60411
225 Frederick Drive
$156,000
● House - Off Market

225 Frederick Drive

Chicago Heights, IL 60411
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,573 Ft²
$172,082
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

***Multiple Offers Received, Highest and Best Due by Sunday 8/8/21 Noon*** Welcome to you next new home. This charming cape cod is calling your name. Nestled right across the street from the school, over looking a massive green grass lot with a park for the little ones to enjoy. Walk in to a massive size living room with a dedicated dining room. White kitchen cabinets wrapped with white subway tiles and stainless steep appliances makes great for that modern touch. Front load washer and dryer. 2 nice size bedrooms on the main level with a full bathroom. Upstairs is another 2 big bedrooms with a half bath. Massive size gated yard, perfect for summer gatherings or letting the kids and pets run free. Don't wait to see this home as its screaming value and charm and wont last long.
Unit Size
1,573 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$97
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1959

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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 #11176727)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Aug 1, 2021 Listed by HomeSmart Realty Group $152,900
Listed by HomeSmart Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • 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: 17
  • 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: 7,560
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,573
  • Gross Building Area: 1,573
  • Building Area: 1,573
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,573
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SERENA HILLS UNIT2
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (SERENA)(HILLS)(UNIT2) SUB OF N 690.35FT OF PT LYING W OF CENTER LINE OF RIEGEL RD NH SW SEC 08-35-14

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828801

Geography

  • District: 12
  • Parcel: 32-08-306-027-0000
  • Block: 5
  • Lot: 16
  • Meridian: SEC 08 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5342
  • Longitude: -87.6516

    Address

  • Full Address: 225 Frederick Dr
  • Legal Unit: 2
  • Address - House Number: 225
  • Address - Street Name: Frederick
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C018
  • 4-Digit Zip Code: 1032
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $743,067
  • Tax Rate Code Area: 12075

    Appraisal Valuation

  • Standard Deviation: 0.2653
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 219,374
  • High Value: 277,595
  • Low Value: 161,153

    Market Valuation

  • Market Total Value: $136,690
  • Market Land Value: $43,470
  • Market Improvement Value: $93,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,669
  • Assessed Land Value: $4,347
  • Assessed Improvements Value: $9,322

    Sales

  • Current Sale Contract Date: Sep 18, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2129206102

    Financing

  • First Mortgage Financing Type: UNK
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 Chicago Heights

Stats & Trends

Median Asking:

$206,000

Sale Price/ft²

$156

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1147 ft²

Average Home Age

67.9 years

Currently For Sale

77 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 172 Strieff Avenue, Chicago Heights, IL, 60411

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,750 ft²
172 Strieff Avenue, Chicago Heights, IL, 60411 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Emad Abed, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11176727
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 225 Frederick Drive built and last sold?
The property at 225 Frederick Drive was built in 1959 and last sold on Sep 18, 2021 for $156,000.
How much is this home worth?
The estimated value of the home located at 225 Frederick Drive is $0.
What are some comparable homes to 225 Frederick Drive?
There are currently no comparable homes to 225 Frederick Drive.
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