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Steger 60475
3112 Chicago Road
$50,000
● House - Off Market

3112 Chicago Road

Steger, IL 60475
bedrooms
2 Beds
bathrooms
1 Bath
square feet
840 Ft²
$51,696
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

This home is in a great location for easy access to restaurants and shopping but is for contractors, builders and buyers looking for a fixer upper or tear down only. This is not a move in ready home. It will not get FHA financing. Most likely cash only. 2bed 1bath with full basement. Alley in back of home for parking access. Chicago Road is a busy street so please park in back while visiting property. Hardwood and tile throughout first floor and a cozy front porch. Great location near pancake house, Steger library and all the restaurants and shopping along Chicago Road. Property is being sold as is.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$60
Property Type
House
Property Taxes
-
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.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,687
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEENEYS 02 ADD COL
  • Land Acres: 0000000108
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: SOUTH2 LOT5 BLK19 N2 SE4 SEC32 NW4S W4 S33+ T35N R14E 3P

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 829600

Geography

  • District: 12
  • Parcel: 32-32-412-034-0000
  • Block: 19
  • Lot: 5
  • Meridian: SEC 32 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4748
  • Longitude: -87.6371

    Address

  • Full Address: 3112 Chicago Rd
  • Address - House Number: 3112
  • Address - Street Name: Chicago
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Steger
  • Carrier Code: C006
  • 4-Digit Zip Code: 1056
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 12225

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 119,373
  • High Value: 146,631
  • Low Value: 92,115

    Market Valuation

  • Market Total Value: $53,080
  • Market Land Value: $16,410
  • Market Improvement Value: $36,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,308
  • Assessed Land Value: $1,641
  • Assessed Improvements Value: $3,667

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Sep 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49150
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 Steger

Stats & Trends

Median Asking:

$204,950

Sale Price/ft²

$149

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1305 ft²

Average Home Age

80.1 years

Currently For Sale

25 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: Lee Ernst, eXp Realty, LLC
Data Source: MRED, MLS# MRD11419799
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 3112 Chicago Road built and last sold?
The property at 3112 Chicago Road was built in 1926 and last sold on Aug 19, 2022 for $50,000.
How much is this home worth?
The estimated value of the home located at 3112 Chicago Road is $0.
What are some comparable homes to 3112 Chicago Road?
There are currently no comparable homes to 3112 Chicago Road.
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