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Harvey 60426
28 Wells Avenue
$95,000
● House - Off Market

28 Wells Avenue

Harvey, IL 60426
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,003 Ft²
$634
Est. Monthly

About This Property

"Welcome to this inviting and well-maintained home in Harvey. Great investment" As you approach, you'll be greeted by a classic split-level layout exterior. The charming curb appeal sets the stage for what lies inside. Upon entering, you'll find the living room with hardwood floors and a dining area, a New kitchen, a new roof, a newer furnace, a newer water heater, 3 bedrooms, and 1 bathroom on the second level. The family gathering will be a lot more interesting in this family room. Please, don't mind the boxes and decorating stored in the living area. Extraordinary views of the neighborhood. Easy access to Schools, shopping centers, and Parks. This property won't last long! MAKE YOUR APPOINTMENT TODAY!
Unit Size
1,003 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970

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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 #12049001)

Price History

Date / Event Date Event Price
Jul 30, 2024 Sold
Premium
Sold
Jun 30, 2024 In contract -
In contract
May 7, 2024 Listed by RE/MAX MI CASA $129,000
Listed by RE/MAX MI CASA

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,725
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 370
  • Total Building Area: 923
  • Gross Building Area: 923
  • Building Area: 923
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 923
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELL AIRE ANNEX1
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (BELL) (AIRE) (ANNEX1) RESUB OF PT BELL AIRE ADD A SU B OF LT4 IN SUB OF LAUS PPTY IN PT NW SEC ALSO PT OF ROBINHOOD UNIT1 SU

Neighborhood

  • School District Name: Thornton Township High School District 205
  • Census Tract: 827000

Geography

  • District: 37
  • Parcel: 29-08-106-041-0000
  • Lot: 4
  • Meridian: SEC 08 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.6269
  • Longitude: -87.6545

    Address

  • Full Address: 28 Wells Ave
  • Legal Unit: IT1
  • Address - House Number: 28
  • Address - Street Name: Wells
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Harvey
  • Carrier Code: C007
  • 4-Digit Zip Code: 1217
  • Zip Code: 60426

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 37047

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 102,439
  • High Value: 128,162
  • Low Value: 76,717

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $11,810
  • Market Improvement Value: $88,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $1,181
  • Assessed Improvements Value: $8,819

    Sales

  • Current Sale Contract Date: Oct 03, 2002
  • Current Sale Recording Date: Oct 10, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0021115107
  • Previous Sale Recording Date: Nov 30, 1993
  • Previous Sale Contract Date: Nov 24, 1993
  • Previous Sale Amount: $28,000
  • 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 Harvey

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$112

Below Asking

0.04%

Average Days on Market

60

Average Home Size

1273 ft²

Average Home Age

81.3 years

Currently For Sale

64 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: Marcelo Damian, RE/MAX MI CASA
Last Updated: 3 years ago
Data Source: MRED, MLS# 12049001
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 28 Wells Avenue built and last sold?
The property at 28 Wells Avenue was built in 1970 and last sold on Oct 3, 2002 for $60,000.
How much is this home worth?
The estimated value of the home located at 28 Wells Avenue is $0.
What are some comparable homes to 28 Wells Avenue?
There are currently no comparable homes to 28 Wells Avenue.
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