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Chicago Heights 60411
238 W Normandy Drive
$160,000
● House - Off Market

238 W Normandy Drive

Chicago Heights, IL 60411
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,234 Ft²
$232,981
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Well maintained 2-story home in Chicago Heights! 4 bedrooms, 2.5 baths. Hardwood flooring throughout the main level. Kitchen opens to the formal dining room area. Large master bedroom with full bath and walk-in closet! Additional room on second level that can be used as a den, office or additional bedroom! Partially finished basement with recreation room. 2 car attached garage. New hot water heater in 2019; New windows in 2004; whole house fan; Easily access the yard through sliding doors in eating area and enjoy the deck and fence! Make this home yours!
Unit Size
2,234 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$72
Property Type
House
Property Taxes
$834
HOA Dues
-
Year Built
1961

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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 #10573180)

Price History

Date / Event Date Event Price
Jan 21, 2020 Sold
Premium
Sold
Nov 13, 2019 Listed by Keller Williams Preferred Rlty $159,900
Listed by Keller Williams Preferred Rlty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 2,234
  • Gross Building Area: 2,234
  • Building Area: 2,234
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,234
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLYMPIA TERRACE UNIT6
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (OLYMPIA) TERRACE (UNIT6) SUB OF PT SW SW SEC 08-35-14

Neighborhood

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

Geography

  • District: 12
  • Parcel: 32-08-337-032-0000
  • Lot: 63
  • Meridian: SEC 08 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5281
  • Longitude: -87.652

    Address

  • Full Address: 238 W Normandy Dr
  • Legal Unit: 6
  • Address - House Number: 238
  • Street Direction: W
  • Address - Street Name: Normandy
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C031
  • 4-Digit Zip Code: 1072
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $832,652
  • Tax Rate Code Area: 12075

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 279,350
  • High Value: 350,756
  • Low Value: 207,943

    Market Valuation

  • Market Total Value: $182,310
  • Market Land Value: $43,130
  • Market Improvement Value: $139,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,231
  • Assessed Land Value: $4,313
  • Assessed Improvements Value: $13,918

    Sales

  • Current Sale Contract Date: Jan 02, 2020
  • Current Sale Recording Date: Feb 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004217024

    Financing

  • First Mortgage Financing Type: FIX
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 18549 Dundee Avenue, Homewood, IL, 60430

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,399 ft²
18549 Dundee Avenue, Homewood, IL, 60430 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ron Wexler, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 10573180
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 238 West Normandy Drive built and last sold?
The property at 238 West Normandy Drive was built in 1961 and last sold on Jan 2, 2020 for $160,000.
How much is this home worth?
The estimated value of the home located at 238 West Normandy Drive is $168,684.
What are some comparable homes to 238 West Normandy Drive?
There are currently no comparable homes to 238 West Normandy Drive.
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