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Franklin Park 60131 Franklin Park
2909 Sunset Lane
$186,000
● House - Off Market

2909 Sunset Lane

Franklin Park, IL 60131
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,302 Ft²
$271,142
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Brick cape cod with 1st floor addition.  3 bedrooms, 2 full baths.  Unfinished basement with outside exit.  Hardwood floors on both 1st and 2nd floor.  This is an Estate sale and therefore being sold as-is.  The furnace, central air and roof are all 3 years old.  Circuit breaker electric.  Newer hot water heater.  Windows replaced.  A little updating and decorating will make this the perfect home.  A great find.  Cement side drive leads to 2.5 car garage.  All appliances included.  Small children's park 1/2 block away.  Short walk to Jewel, Ace Hardware, Banks, restaurants and public transportation. Quick closing is possible.
Unit Size
1,302 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$142
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1953

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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 #10481179)

Price History

Date / Event Date Event Price
Sep 19, 2019 Sold
Premium
Sold
Aug 9, 2019 Listed by Re/Max 1st $185,000
Listed by Re/Max 1st

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 5,580
  • Total Building Area: 1,302
  • Gross Building Area: 1,302
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN PARK ADD 04
  • Land Acres: 0000000128
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Mannheim School District 83
  • Census Tract: 811401

Geography

  • District: 20
  • Parcel: 12-28-122-054-0000
  • Block: 10
  • Lot: 23,24
  • Meridian: SEC 28 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.9316
  • Longitude: -87.8771

    Address

  • Full Address: 2909 Sunset Ln
  • Address - House Number: 2909
  • Address - Street Name: Sunset
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C010
  • 4-Digit Zip Code: 2540
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $362,809
  • Tax Rate Code Area: 20025

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 315,742
  • High Value: 394,048
  • Low Value: 237,437

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $50,220
  • Market Improvement Value: $219,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $5,022
  • Assessed Improvements Value: $21,978

    Sales

  • Current Sale Contract Date: Sep 20, 2019
  • Current Sale Recording Date: Sep 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1927349062

    Financing

  • First Mortgage Financing Type: UNK
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 Franklin Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1546 ft²

Average Home Age

71.9 years

Currently For Sale

25 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 4326 Wesley Terrace, Schiller Park, IL, 60176

$2,750 /mo

  • 5 Beds
  • 2 Baths
  • 2,000 ft²
4326 Wesley Terrace, Schiller Park, IL, 60176 Listing by Emilio Bartucci
Unit for rent at 221 E Dickens Avenue, Northlake, IL, 60164

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,325 ft²
221 E Dickens Avenue, Northlake, IL, 60164 Listing by Ana Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donna Raven, Re/Max 1st
Last Updated: 3 years ago
Data Source: MRED, MLS# 10481179
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 2909 Sunset Lane built and last sold?
The property at 2909 Sunset Lane was built in 1953 and last sold on Sep 20, 2019 for $188,000.
How much is this home worth?
The estimated value of the home located at 2909 Sunset Lane is $0.
What are some comparable homes to 2909 Sunset Lane?
There are currently no comparable homes to 2909 Sunset Lane.
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