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Park Forest 60466
302 Sangamon Street
$120,000
● House - Off Market

302 Sangamon Street

Park Forest, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
square feet
949 Ft²
$1,322
Est. Monthly
9.18%
Cap Rate
Unit Size
949 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$732
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 6
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,731
  • Total Building Area: 949
  • Gross Building Area: 949
  • Building Area: 949
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 949
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE/PK FOREST AREA 04
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830400

Geography

  • District: 32
  • Parcel: 31-35-404-023-0000
  • Block: 85
  • Lot: 14
  • Meridian: SEC 35 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4759
  • Longitude: -87.6999

    Address

  • Full Address: 302 Sangamon St
  • Address - House Number: 302
  • Address - Street Name: Sangamon
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 2224
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,188
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 96,204
  • High Value: 105,931
  • Low Value: 86,477

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $30,560
  • Market Improvement Value: $89,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $3,056
  • Assessed Improvements Value: $8,944

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28176
  • Previous Sale Recording Date: Jan 06, 2004
  • Previous Sale Contract Date: Dec 15, 2003
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 27
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:

$169,000

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1457 ft²

Average Home Age

70.6 years

Currently For Sale

114 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 13 Hemlock Street, Park Forest, IL, 60466

$1,575 /mo

  • 2 Beds
  • 1 Bath
  • 925 ft²
13 Hemlock Street #13, Park Forest, IL, 60466 Listing by Tameka Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Erin Olson, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12295213
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 302 Sangamon Street built and last sold?
The property at 302 Sangamon Street was built in 1952 and last sold on Aug 11, 2023 for $82,000.
How much is this home worth?
The estimated value of the home located at 302 Sangamon Street is $121,191.
What are some comparable homes to 302 Sangamon Street?
There are currently no comparable homes to 302 Sangamon Street.
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