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Winthrop Harbor 60096 Ja-Lor Estates
2405 7th Street
$295,000
● House - Off Market

2405 7th Street

Winthrop Harbor, IL 60096
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,308 Ft²
$1,723
Est. Monthly
8.29%
Cap Rate

About This Property

Beautiful, well maintained home in an excellant neighborhood.  Just a few blocks from schools and park.  Open concept, with gleaming hardwood floors.  Gorgeous, updated kitchen with plenty of cabinets and counter space. Stone counters.  Brickpaver sidewalk and patio.   Professionally landscaped yard.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
-
Price per sqft
$221
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1982

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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 #11983495)

Price History

Date / Event Date Event Price
Apr 1, 2024 Sold
Premium
Sold
Feb 20, 2024 Listed by Cornerstone Realty Group, LLC $289,000
Listed by Cornerstone Realty Group, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,308
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,304
  • Total Building Area: 3,192
  • Gross Building Area: 3,192
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JA-LOR ESTATES
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: JA-LOR ESTATES; LT45 LOT 45

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860103

Geography

  • Assessors Map Reference: 2363-B6
  • District: BENTON
  • Parcel: 04-09-225-022
  • Lot: 45
  • Municipality: TWP OF BENTON
  • Latitude: 42.4822
  • Longitude: -87.831

    Address

  • Full Address: 2405 7th St
  • Address - House Number: 2405
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Winthrop Harbor
  • Carrier Code: C005
  • 4-Digit Zip Code: 1279
  • Zip Code: 60096

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $363,612
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.0905
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 283,746
  • High Value: 309,447
  • Low Value: 258,044

    Market Valuation

  • Market Total Value: $224,308
  • Market Land Value: $24,134
  • Market Improvement Value: $200,174

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $74,762
  • Assessed Land Value: $8,044
  • Assessed Improvements Value: $66,718

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Apr 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8027706
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 Ja-Lor Estates

Stats & Trends

Median Asking:

$324,900

Sale Price/ft²

$184

Above Asking

0.00%

Average Days on Market

36

Average Home Size

1821 ft²

Average Home Age

46.3 years

Currently For Sale

0 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: Jennifer Cunningham-Lewis, Cornerstone Realty Group, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11983495
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 2405 7th Street built and last sold?
The property at 2405 7th Street was built in 1982 and last sold on Mar 18, 2024 for $295,000.
How much is this home worth?
The estimated value of the home located at 2405 7th Street is $0.
What are some comparable homes to 2405 7th Street?
There are currently no comparable homes to 2405 7th Street.
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