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Park Forest 60466
306 Shawnee Street
$110,000
● House - Off Market

306 Shawnee Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$1,211
Est. Monthly
15.87%
Cap Rate

About This Property

3 BEDROOM 1 BATH RECENTLY REMODELED / NEW KITCHEN/ BATH NEW CARPET/ PAINT / HUGE YARD STAINLESS STEEL APPLIANCES / NEW ROOF / NEW FURNACE A/C. EASY TO SHOW
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$626
HOA Dues
-
Year Built
1954

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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: 2 years ago (MRED MLS #12158461)

Price History

Date / Event Date Event Price
Jan 9, 2025 Sold
Premium
Sold
Nov 25, 2024 In contract -
In contract
Nov 21, 2024 Price Decreased $119,000
↓ $10K (7.8%)
Price Decreased
Oct 27, 2024 Relisted $129,000
Relisted
Oct 20, 2024 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • 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: 8,199
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA8
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (VILLAGE) OF PARK (FOREST) (AREA8) SUB OF PT SOUTH & WEST OF AREA5, EX S20FT OF E1385.38FT &EX ETC., IN SE SEC 35-35-13

Neighborhood

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

Geography

  • District: 32
  • Parcel: 31-35-408-026-0000
  • Block: 81
  • Lot: 6
  • Meridian: SEC 35 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4723
  • Longitude: -87.7007

    Address

  • Full Address: 306 Shawnee St
  • Address - House Number: 306
  • Address - Street Name: Shawnee
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 2233
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $751,141
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 122,919
  • High Value: 155,491
  • Low Value: 90,347

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $28,700
  • Market Improvement Value: $91,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $2,870
  • Assessed Improvements Value: $9,130

    Sales

  • Current Sale Contract Date: Nov 05, 2014
  • Current Sale Recording Date: Nov 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 1432357177
  • Previous Sale Recording Date: Sep 11, 2006
  • Previous Sale Contract Date: Jul 31, 2006
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 68
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:

$165,500

Sale Price/ft²

$128

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1448 ft²

Average Home Age

69.3 years

Currently For Sale

122 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: Derek Hackney, Steel City Real Estate and Property Management Ser
Last Updated: 2 years ago
Data Source: MRED, MLS# 12158461
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 306 Shawnee Street built and last sold?
The property at 306 Shawnee Street was built in 1954 and last sold on Nov 5, 2014 for $20,500.
How much is this home worth?
The estimated value of the home located at 306 Shawnee Street is $0.
What are some comparable homes to 306 Shawnee Street?
There are currently no comparable homes to 306 Shawnee Street.
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