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Frankfort 60423
240 Oak Street
$375,000
● House - Off Market

240 Oak Street

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,797 Ft²
$2,333
Est. Monthly
6.11%
Cap Rate

About This Property

Sold before print.
Unit Size
1,797 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$209
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
1947

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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: 2 years ago (MRED MLS #12185101)

Price History

Date / Event Date Event Price
Nov 26, 2024 Sold
Premium
Sold
Oct 9, 2024 Listed by Coldwell Banker Realty $375,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 572
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,878
  • Total Building Area: 1,797
  • Building Area: 1,797
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,797
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCDONALDS
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 67 68 IN MCDONALD'S SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 28, T35N-R12E. PER PET 91-121

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883504

Geography

  • Parcel: 19-09-28-225-022
  • Lot: 67-68
  • Meridian: SEC 28 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.4942
  • Longitude: -87.8513

    Address

  • Full Address: 240 Oak St
  • Address - House Number: 240
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C004
  • 4-Digit Zip Code: 1612
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $589,698
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 349,546
  • High Value: 406,015
  • Low Value: 293,078

    Market Valuation

  • Market Total Value: $226,455
  • Market Land Value: $78,060
  • Market Improvement Value: $148,395

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,485
  • Assessed Land Value: $26,020
  • Assessed Improvements Value: $49,465

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 02, 2011
  • Current Sale Recording Date: Aug 12, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2011075035

    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 Frankfort

Stats & Trends

Median Asking:

$669,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3267 ft²

Average Home Age

29 years

Currently For Sale

57 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: Bud Caruso, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12185101
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 240 Oak Street built and last sold?
The property at 240 Oak Street was built in 1947 and last sold on Aug 2, 2011 for $211,350.
How much is this home worth?
The estimated value of the home located at 240 Oak Street is $0.
What are some comparable homes to 240 Oak Street?
There are currently no comparable homes to 240 Oak Street.
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