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Chicago 60632 Brighton Park
2430 W 47th Place
$225,000
● House - Off Market

2430 W 47th Place

Chicago, IL 60632
bedrooms
3 Beds
bathrooms
2 Baths
square feet
4,166 Ft²
$224,056
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Excellent location for this affordable brick home in Brighton Park! The property features 2 comfortably-sized bedrooms on the main floor, 1 bathroom, kitchen and main floor laundry room. The attic has one bedroom and a storage room and the basement makes for great in-law possibilities with it's own kitchen, full bathroom and bedroom. Near Orange Line, bus route, parks, stores, restaurants... Future home of the Chicago Park District Headquarters to be built on 48th and Western! Bring in your ideas for this excellent potential! Property is being Sold As Is...
Unit Size
4,166 Ft²
Days on Market
-
Land Size
-
Price per sqft
$53
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1940

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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 #11430730)

Price History

Date / Event Date Event Price
Jul 18, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Baird & Warner, Inc. $219,000
Listed by Baird & Warner, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,166
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 330
  • Total Building Area: 712
  • Gross Building Area: 712
  • Building Area: 712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 712
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NELSONS SUB
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: E J (NELSONS) SUB OF NH OF NE NE NE SEC 12-38-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 842800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-12-206-024-0000
  • Lot: 18,17
  • Meridian: SEC 12 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.8078
  • Longitude: -87.6857

    Address

  • Full Address: 2430 W 47th Pl
  • Address - House Number: 2430
  • Street Direction: W
  • Address - Street Name: 47th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C010
  • 4-Digit Zip Code: 1441
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $136,081
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2519
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 191,884
  • High Value: 240,221
  • Low Value: 143,547

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $35,410
  • Market Improvement Value: $64,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $3,541
  • Assessed Improvements Value: $6,459

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12221
  • Previous Sale Recording Date: Apr 09, 2002
  • Previous Sale Contract Date: Mar 21, 2002
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71
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 Southwest Side

Stats & Trends

Median Asking:

$368,000

Sale Price/ft²

$241

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1057 ft²

Average Home Age

86.4 years

Currently For Sale

280 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 3816 S Honore Street, Chicago, IL, 60609

$2,650 /mo

  • 3 Beds
  • 2 Baths
3816 S Honore Street #2, Chicago, IL, 60609 Listing by Eduardo Sanchez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Margarita Lopez, Baird & Warner, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11430730
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 2430 West 47th Place built and last sold?
The property at 2430 West 47th Place was built in 1940 and last sold on Jul 15, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 2430 West 47th Place is $0.
What are some comparable homes to 2430 West 47th Place?
There are currently no comparable homes to 2430 West 47th Place.
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