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Park Forest 60466
262 Arrowhead Street
$87,900
● House - Off Market

262 Arrowhead Street

Park Forest, IL 60466
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,197 Ft²
$111,788
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Completely rehabbed home in Park Forest!  Brand new flooring throughout the home!  Fresh paint throughout!  New trim!  Beautiful custom bathroom!  Kitchen to include stainless steel appliances!  4 Big Bedrooms!  2 Car detached garage!  Brand new central A/C to be included!  Granite countertops in the kitchen!  Brand new carpet!
Unit Size
1,197 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$75
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1953

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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 #10928016)

Price History

Date / Event Date Event Price
Mar 25, 2021 Sold
Premium
Sold
Nov 6, 2020 Listed by Village Realty, Inc. $89,900
Listed by Village Realty, Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 6,650
  • Total Building Area: 1,197
  • Gross Building Area: 1,197
  • Building Area: 1,197
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,197
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA1
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (VILLAGE) OF PARK (FOREST) (AREA1) SUB OF PT NW & NE LYING SOUTH OF SOUTH ROW LINE OF E.J.&E.RR, IN NH SEC 30-35-14

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 829402

Geography

  • District: 12
  • Parcel: 32-30-206-023-0000
  • Block: 5
  • Lot: 34
  • Meridian: SEC 30 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4932
  • Longitude: -87.6608

    Address

  • Full Address: 262 Arrowhead St
  • Address - House Number: 262
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C016
  • 4-Digit Zip Code: 1463
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $586,595
  • Tax Rate Code Area: 12035

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 116,301
  • High Value: 147,120
  • Low Value: 85,483

    Market Valuation

  • Market Total Value: $53,320
  • Market Land Value: $13,300
  • Market Improvement Value: $40,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,332
  • Assessed Land Value: $1,330
  • Assessed Improvements Value: $4,002

    Sales

  • Current Sale Contract Date: Mar 25, 2021
  • Current Sale Recording Date: Jun 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2117445056

    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 Park Forest

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1458 ft²

Average Home Age

70.6 years

Currently For Sale

122 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 398 W Lincoln Highway, Chicago Heights, IL, 60411

$1,450 /mo

  • Studio
  • 1 Bath
  • 625 ft²
398 W Lincoln Highway #B, Chicago Heights, IL, 60411 Listing by Sandra Lee

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Glenn, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 10928016
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 262 Arrowhead Street built and last sold?
The property at 262 Arrowhead Street was built in 1953 and last sold on Mar 25, 2021 for $88,000.
How much is this home worth?
The estimated value of the home located at 262 Arrowhead Street is $0.
What are some comparable homes to 262 Arrowhead Street?
There are currently no comparable homes to 262 Arrowhead Street.
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