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Chicago Heights 60411
263 Lynn Lane
$190,000
● House - Off Market

263 Lynn Lane

Chicago Heights, IL 60411
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,042 Ft²
$200,065
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

DARLING BRICK RANCH HAS BEEN REFRESHED AND IS MOVE IN READY!  REFINISHED HARDWOOD FLOORS AND LAMINATE, FRESH PAINT, NEW APPLIANCES AND LIGHT FIXTURES.  SITUATED ON A BEAUTIFUL TREE FILLED LOT WITH A HUGE REFINISHED DECK OFF THE BACK.  THE PARTIALLY FINISHED FULL BASEMENT HAS SO MUCH POSSIBILITY AND IS READY FOR YOUR IDEAS!  FURNACE/HUMIDIFIER 2016, AC 2011, H2O HEATER 2018, ROOF APPROXIMATELY 10 YEARS. THIS HOME IS IN GREAT SHAPE BUT WILL BE CONVEYED "AS IS".
Unit Size
1,042 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$182
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1957

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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 #11223554)

Price History

Date / Event Date Event Price
Feb 18, 2022 Sold
Premium
Sold
Dec 17, 2021 Listed by Presto Real Estate Services $190,000
Listed by Presto Real Estate Services

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • 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: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,440
  • Total Building Area: 1,042
  • Gross Building Area: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SERENA HILLS UNIT1
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (SERENA)(HILLS)(UNIT1) SUB OF PT SW NW SEC 08-35-14

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828801

Geography

  • District: 12
  • Parcel: 32-08-110-017-0000
  • Block: 1
  • Lot: 17
  • Meridian: SEC 08 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5382
  • Longitude: -87.6534

    Address

  • Full Address: 263 Lynn Ln
  • Legal Unit: 1
  • Address - House Number: 263
  • Address - Street Name: Lynn
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C018
  • 4-Digit Zip Code: 1074
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $472,263
  • Tax Rate Code Area: 12075

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 222,283
  • High Value: 279,102
  • Low Value: 165,464

    Market Valuation

  • Market Total Value: $153,670
  • Market Land Value: $33,480
  • Market Improvement Value: $120,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,367
  • Assessed Land Value: $3,348
  • Assessed Improvements Value: $12,019

    Sales

  • Current Sale Contract Date: Feb 15, 2022
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2206839180
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 Chicago Heights

Stats & Trends

Median Asking:

$209,000

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1186 ft²

Average Home Age

69.9 years

Currently For Sale

70 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: Lisa Stover, Presto Real Estate Services
Last Updated: 3 years ago
Data Source: MRED, MLS# 11223554
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 263 Lynn Lane built and last sold?
The property at 263 Lynn Lane was built in 1957 and last sold on Feb 15, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 263 Lynn Lane is $0.
What are some comparable homes to 263 Lynn Lane?
There are currently no comparable homes to 263 Lynn Lane.
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