For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Richton Park 60471
Undisclosed Address
$212,000
● House - Off Market

Undisclosed Address

Richton Park, IL 60471
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,844 Ft²
$1,278
Est. Monthly
11.45%
Cap Rate

About This Property

RARE FIND a Great Opportunity in an exclusive neighborhood in Richton Park. Ideal opportunity for Investor or Owner. The home needs a little work but has good bones. The property is sold AS-IS. Buyer to assume all repairs and inspection required. Any repairs from inspection will be the responsibility of the purchaser. Well kept, nearly 2000 sq ft., three bedroom, 2-bath house, 2-car garage, and concrete patio in fenced backyard. Room sizes are estimated. Huge basement with endless possibilities with a washer and dryer. Conveniently located to stores, expressway, Metra, restaurants, and much more. See it before it's gone. Pre-approved only.
Unit Size
1,844 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$114
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1978

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MRED MLS #12209908)

Price History

Date / Event Date Event Price
Feb 6, 2025 Sold
Premium
Sold
Dec 19, 2024 In contract -
In contract
Nov 26, 2024 Relisted $210,000
Relisted
Nov 26, 2024 Price Increased $210,000
↑ $3K (1.2%)
Price Increased
Nov 23, 2024 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 1,844
  • Gross Building Area: 1,844
  • Building Area: 1,844
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,844
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BURNSIDES LAKEWOOD MANOR 07
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Elementary School District 159
  • Census Tract: 830008

Geography

  • District: 32
  • Parcel: 31-33-105-019-0000
  • Lot: 231
  • Meridian: SEC 33 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4806
  • Longitude: -87.7443

    Address

  • Full Address: 22502 Riverside Dr
  • Address - House Number: 22502
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Richton Park
  • Carrier Code: C010
  • 4-Digit Zip Code: 1530
  • Zip Code: 60471

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $295,644
  • Tax Rate Code Area: 32071

    Appraisal Valuation

  • Standard Deviation: 0.2374
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 266,149
  • High Value: 329,353
  • Low Value: 202,946

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $42,900
  • Market Improvement Value: $167,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $4,290
  • Assessed Improvements Value: $16,710

    Sales

  • Current Sale Contract Date: Mar 29, 2000
  • Current Sale Recording Date: Apr 13, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 00259602
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 Richton Park

Stats & Trends

Median Asking:

$235,700

Sale Price/ft²

$142

Below Asking

0.02%

Average Days on Market

60

Average Home Size

1632 ft²

Average Home Age

47.4 years

Currently For Sale

32 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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Quadrella Walker, Invest N Real Estate Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12209908
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 22502 Riverside Drive built and last sold?
The property at 22502 Riverside Drive was built in 1978 and last sold on Mar 29, 2000 for $146,000.
How much is this home worth?
The estimated value of the home located at 22502 Riverside Drive is $215,412.
What are some comparable homes to 22502 Riverside Drive?
There are currently no comparable homes to 22502 Riverside Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Rich Homes for Sale
Rich Houses for Sale
Rich Condos for Sale
Rich Townhouses for Sale
Rich Multifamily for Sale
Rich Land for Sale
Rich Commercial for Sale
Rich Homes with Basements
Nearby Cities
Orland Park Homes for Sale
Tinley Park Homes for Sale
Oak Forest Homes for Sale
Park Forest Homes for Sale
Frankfort Homes for Sale
Dolton Homes for Sale
Homewood Homes for Sale
Chicago Heights Homes for Sale
Nearby Property Records
Cook County, IL Property Records
Will County, IL Property Records
Lake County, IN Property Records
Kankakee County, IL Property Records
DuPage County, IL Property Records
Porter County, IN Property Records
Grundy County, IL Property Records
Kendall County, IL Property Records
Nearby Counties
Thornton Homes for Sale
Bremen Homes for Sale
Orland Homes for Sale
Bloom Homes for Sale
Frankfort Homes for Sale
Crete Homes for Sale
Monee Homes for Sale
Green Garden Homes for Sale
Top Real Estate Agents
Top Agents in Rich
Top Agents in Thornton
Top Agents in Bremen
Top Agents in Orland
Top Agents in Bloom
Top Agents in Orland Park
Top Agents in Tinley Park
Top Agents in Frankfort