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Chicago 60632 Brighton Park
3034 W PERSHING Road
$349,000
● House - Off Market

3034 W PERSHING Road

Chicago, IL 60632
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,125 Ft²
$1,867
Est. Monthly
10.68%
Cap Rate

About This Property

Brighton Park!!! This rehabbed single family home has an open concept feel as soon as you walk thru its doors.  The kitchen and living room is inviting and perfect for entertaining your guests.  First floor consists of 2 bedrooms 1 bath.  The attic is an open space that can be used as a primary bedroom and additional living space.  The basement has an additional 2 bedrooms and and and full bath.  Plans and permits were pulled for this rehab.  There is central heat/ AC. New siding, new roof, new siding, new electrical,  new plumbing, spray foam insulation and new cement through -out the entire property. There is no garage but a carport for 2 cars.
Unit Size
3,125 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$112
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1890

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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 #11929292)

Price History

Date / Event Date Event Price
Dec 27, 2023 Sold
Premium
Sold
Nov 12, 2023 Listed by Realty of Chicago LLC $349,000
Listed by Realty of Chicago LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • 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: 17
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 600
  • Gross Building Area: 600
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SMITHS SUB
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: ADAM (SMITHS) SUB OF SH NH SW & SW SW SEC 36-39-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 580200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 16-36-321-026-0000
  • Block: 16
  • Lot: 38
  • Meridian: SEC 36 TWN 39N RNG 13E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8229
  • Longitude: -87.7009

    Address

  • Full Address: 3034 W Pershing Rd
  • Address - House Number: 3034
  • Street Direction: W
  • Address - Street Name: Pershing
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Chicago
  • Carrier Code: C025
  • 4-Digit Zip Code: 2328
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $186,327
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 76007

    Appraisal Valuation

  • Standard Deviation: 0.2744
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 270,824
  • High Value: 345,148
  • Low Value: 196,499

    Market Valuation

  • Market Total Value: $124,300
  • Market Land Value: $78,130
  • Market Improvement Value: $46,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,430
  • Assessed Land Value: $7,813
  • Assessed Improvements Value: $4,617

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Jan 17, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41259
  • Previous Sale Recording Date: Mar 02, 2022
  • Previous Sale Contract Date: Feb 23, 2022
  • Previous Sale Amount: $86,500
  • 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 Southwest Side

Stats & Trends

Median Asking:

$368,000

Sale Price/ft²

$240

Above Asking

54.45%

Average Days on Market

49

Average Home Size

1042 ft²

Average Home Age

86.6 years

Currently For Sale

280 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: Laura Rodriguez, Realty of Chicago LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11929292
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 3034 West Pershing Road built and last sold?
The property at 3034 West Pershing Road was built in 1890 and last sold on Dec 22, 2023 for $349,000.
How much is this home worth?
The estimated value of the home located at 3034 West Pershing Road is $0.
What are some comparable homes to 3034 West Pershing Road?
There are currently no comparable homes to 3034 West Pershing Road.
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