See Home Value
$318,000
● House - Off Market

2554 W 118th Place

Chicago, IL 60655
bedrooms
2 Beds
bathrooms
2 Baths
square feet
994 Ft²
$1,806
Est. Monthly
4.33%
Cap Rate

About This Property

Welcome to this charming 2 bedroom, 2 bathroom home with endless possibilities! As you step inside, you'll notice the beautiful hardwood floors that flow throughout the main living areas.  With plenty of counter space, cabinets, and stainless steel appliances, the kitchen is sure to impress. The full, newly finished basement offers a blank canvas for you to create the perfect additional living space, with the option to add a third bedroom if desired.  Plenty of storage space throughout the home ensures that you will never feel cramped or cluttered. The gazebo in the backyard is the perfect spot to relax and enjoy the outdoors, making it ideal for entertaining guests or simply unwinding after a long day.  This home has been freshly painted, giving it a clean and modern feel. Don't miss your chance to make this house your own and create the perfect space to relax, unwind, and enjoy life to the fullest. Schedule a showing today and see all that this wonderful home has to offer!
Unit Size
994 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$317
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #12017828)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Sold
Sep 13, 2024 In contract -
In contract
Aug 22, 2024 Listed by Baird & Warner $315,000
Listed by Baird & Warner
May 23, 2019 No longer available -
No longer available
Mar 5, 2019 Listed $232,000
Listed
The manager has listed the unit size as 994 square feet.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,270
  • Total Building Area: 994
  • Gross Building Area: 994
  • Building Area: 994
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 994
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAROLD J MCELHINNYS 01 ADD/S
  • Land Acres: 0000000098
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 24-24-416-010-0000
  • Block: 19
  • Lot: 10
  • Meridian: SEC 24 TWN 37N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.6784
  • Longitude: -87.6853

    Address

  • Full Address: 2554 W 118th Pl
  • Address - House Number: 2554
  • Street Direction: W
  • Address - Street Name: 118th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C023
  • 4-Digit Zip Code: 1514
  • Zip Code: 60655

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $300,776
  • Tax Rate Code Area: 72003

    Appraisal Valuation

  • Standard Deviation: 0.2496
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 264,300
  • High Value: 330,272
  • Low Value: 198,327

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $42,700
  • Market Improvement Value: $137,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $4,270
  • Assessed Improvements Value: $13,730

    Sales

  • Current Sale Contract Date: May 21, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1915145014
  • Previous Sale Recording Date: Oct 21, 2013
  • Previous Sale Contract Date: Sep 27, 2013
  • Previous Sale Amount: $181,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Far South Chicago


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Nearby Rentals

Unit for rent at 12448 Fairview Avenue, Blue Island, IL, 60406

$1,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,050 ft²
12448 Fairview Avenue #2E, Blue Island, IL, 60406 Listing by Diego Marec


Frequently Asked Questions

When was property at 2554 West 118th Place built and last sold?
The property at 2554 West 118th Place was built in 1955 and last sold on May 21, 2019 for $226,000.
How much is this home worth?
The estimated value of the home located at 2554 West 118th Place is $310,373.
What are some comparable homes to 2554 West 118th Place?
There are currently no comparable homes to 2554 West 118th Place.