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Frankfort 60423
254 Willow Street
$357,500
● House - Off Market

254 Willow Street

Frankfort, IL 60423
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,840 Ft²
$2,353
Est. Monthly
Unit Size
1,840 Ft²
Days on Market
-
Land Size
-
Price per sqft
$195
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 264
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,724
  • Total Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CO LINCOLN MEADOWS
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4 BLOCK 3 IN ARTHUR T MCINTOSH CO'S LINCOLN MEADOWS, A SUB OF PRT OF THE NW 1/4 OF SE 1/4 OF SEC 21 T35N-R12E

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883516

Geography

  • Parcel: 19-09-21-402-013
  • Block: 3
  • Lot: 4
  • Meridian: SEC 21 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5045
  • Longitude: -87.8581

    Address

  • Full Address: 254 Willow St
  • Address - House Number: 254
  • Address - Street Name: Willow
  • Address - Suffix Type: St
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C001
  • 4-Digit Zip Code: 1231
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $618,638
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 340,971
  • High Value: 396,055
  • Low Value: 285,888

    Market Valuation

  • Market Total Value: $236,685
  • Market Land Value: $45,900
  • Market Improvement Value: $190,785

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,895
  • Assessed Land Value: $15,300
  • Assessed Improvements Value: $63,595

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 13, 2017
  • Current Sale Recording Date: May 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2017036595
  • Previous Sale Recording Date: Jul 07, 2015
  • Previous Sale Contract Date: Jun 04, 2015
  • Previous Sale Amount: $205,000
  • 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 Frankfort

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3320 ft²

Average Home Age

27.6 years

Currently For Sale

62 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: Annie Mitchell, Berkshire Hathaway HomeServices Speckman Realty
Data Source: MRED, MLS# MRD12574675
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 254 Willow Street built and last sold?
The property at 254 Willow Street was built in 1959 and last sold on Mar 13, 2017 for $210,000.
How much is this home worth?
The estimated value of the home located at 254 Willow Street is $0.
What are some comparable homes to 254 Willow Street?
There are currently no comparable homes to 254 Willow Street.
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