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Chicago 60632 Gage Park
3108 W 54th Place
$295,000
● House - Off Market

3108 W 54th Place

Chicago, IL 60632
bedrooms
6 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$1,641
Est. Monthly
11.93%
Cap Rate

About This Property

Solid brick bungalow right in the hear of Gage Park! This light filled home features: 6 large bedrooms, 3 remodeled bathrooms. Enough space for the whole entire family. Brand new custom kitchen, huge finished attic & basement, 2 car garage with a great backyard. Gage Park community close to highways, parks and schools. Walking distance to Starbucks, Walgreens, and many stores & restaurants.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$132
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1926

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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 #12136087)

Price History

Date / Event Date Event Price
Nov 14, 2024 Sold
Premium
Sold
Nov 7, 2024 In contract -
In contract
Oct 9, 2024 In contract -
In contract
Sep 11, 2024 Relisted $290,000
Relisted
Sep 3, 2024 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • 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: 12
  • Building Style: 3
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,041
  • Gross Building Area: 1,041
  • Building Area: 1,041
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,041
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J F TRISKA
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 630400

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-12-324-033-0000
  • Lot: 123
  • Meridian: SEC 12 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7947
  • Longitude: -87.7016

    Address

  • Full Address: 3108 W 54th Pl
  • Address - House Number: 3108
  • Street Direction: W
  • Address - Street Name: 54th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C032
  • 4-Digit Zip Code: 2610
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $260,190
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 279,993
  • High Value: 308,303
  • Low Value: 251,684

    Market Valuation

  • Market Total Value: $160,010
  • Market Land Value: $31,880
  • Market Improvement Value: $128,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,001
  • Assessed Land Value: $3,188
  • Assessed Improvements Value: $12,813

    Sales

  • Current Sale Contract Date: Jan 31, 2003
  • Current Sale Recording Date: Feb 26, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0030270874
  • Previous Sale Recording Date: Jun 07, 2002
  • Previous Sale Contract Date: May 22, 2002
  • Previous Sale Amount: $126,500
  • 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

54.40%

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

Unit for rent at 6606 S Richmond Street, Chicago, IL, 60629

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,500 ft²
6606 S Richmond Street, Chicago, IL, 60629 Listing by Jocelyn Hernandez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Casper, eXp Realty, LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12136087
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 3108 West 54th Place built and last sold?
The property at 3108 West 54th Place was built in 1926 and last sold on Jan 31, 2003 for $178,000.
How much is this home worth?
The estimated value of the home located at 3108 West 54th Place is $292,900.
What are some comparable homes to 3108 West 54th Place?
There are currently no comparable homes to 3108 West 54th Place.
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