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Lockport 60441
305 Stuart Road
$350,000
● House - Off Market

305 Stuart Road

Lockport, IL 60441
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,872 Ft²
$2,146
Est. Monthly
10.54%
Cap Rate

About This Property

This move-in ready 3 bedroom plus one below grade, 2 bath home is waiting for you! Kitchen features quartz countertops, breakfast bar, and stainless steel appliances. Lower level is perfect for entertaining with a full bar, family room and full bathroom. Enter the fully fenced backyard with large patio, heated pool with new liner, hot tub(as-is), all perfect for enjoying summer nights. 2 car detached garage. Roof(2021), Furnace & A/C(2019), Hot water heater(2021)
Unit Size
1,872 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1960

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,779
  • Total Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BONNIE BRAE UNIT 1
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 22 BLOCK 4 IN BONNIE BRAE UNIT 1, BEING A SUB OF PRT OF THE S1/2 OF SEC 13, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880502

Geography

  • Parcel: 11-04-13-310-023
  • Block: 4
  • Lot: 22
  • Meridian: SEC 13 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5996
  • Longitude: -88.0371

    Address

  • Full Address: 305 Stuart Rd
  • Legal Unit: 1
  • Address - House Number: 305
  • Address - Street Name: Stuart
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lockport
  • Carrier Code: C009
  • 4-Digit Zip Code: 2740
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $512,058
  • Tax Rate Code Area: 1122

    Appraisal Valuation

  • Standard Deviation: 0.1778
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 76
  • Final Value: 278,607
  • High Value: 328,164
  • Low Value: 229,051

    Market Valuation

  • Market Total Value: $207,747
  • Market Land Value: $65,811
  • Market Improvement Value: $141,936

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,249
  • Assessed Land Value: $21,937
  • Assessed Improvements Value: $47,312

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 1998
  • Current Sale Recording Date: Aug 26, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R98-099692
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 Lockport

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2012 ft²

Average Home Age

33 years

Currently For Sale

72 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: Kimberly Litke, Baird & Warner
Data Source: MRED, MLS# MRD12102704
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 305 Stuart Road built and last sold?
The property at 305 Stuart Road was built in 1960 and last sold on Aug 24, 1998 for $96,000.
How much is this home worth?
The estimated value of the home located at 305 Stuart Road is $0.
What are some comparable homes to 305 Stuart Road?
There are currently no comparable homes to 305 Stuart Road.
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