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Steger 60475
3118 Chicago Road
$76,000
● House - Off Market

3118 Chicago Road

Steger, IL 60475
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,224 Ft²
$77,710
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

FANTASTIC OPPORTUNITY!! 3 BEDROOM/1 BATH RANCH, SEPARATE DINING ROOM, FENCED YARD, LOCATED CLOSE TO SHOPPING, RESTAURANTS, PROPERTY IS BEING SOLD AS-IS, TAXES PRO-RATED AT 100%, BUYER RESPONSIBLE FOR COMPLYING WITH ALL VILLAGE REQUIREMENTS AS NEEDED TO CLOSE. PROPERTY NEEDS WORK SO WILL NOT QUALIFY FOR STANDARD FHA FINANCING, IT WOULD NEED TO BE A RENOVATION TYPE LOAN OR CASH, SEE AGENT REMARKS FOR INFORMATION ON SUBMITTING  OFFERS.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
-
Price per sqft
$64
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1929

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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

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • 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: 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,375
  • Total Building Area: 1,224
  • Gross Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEENEYS SECOND ADD TO COLUMBIA
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (KEENEYS)(SECOND) ADD TO (COLUMBIA) HEIGHTS NH OF SE OF SEC 32 & PT SEC 33 NW SW SEC 33-35-14

Neighborhood

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

Geography

  • District: 12
  • Parcel: 32-32-412-037-0000
  • Block: 19
  • Lot: 9,10
  • Meridian: SEC 33 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4745
  • Longitude: -87.637

    Address

  • Full Address: 3118 Chicago Rd
  • Address - House Number: 3118
  • 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: $189,966
  • Tax Rate Code Area: 12225

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 173,264
  • High Value: 212,827
  • Low Value: 133,701

    Market Valuation

  • Market Total Value: $81,520
  • Market Land Value: $15,310
  • Market Improvement Value: $66,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,152
  • Assessed Land Value: $1,531
  • Assessed Improvements Value: $6,621

    Sales

  • Current Sale Contract Date: Oct 10, 2023
  • Current Sale Recording Date: Oct 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 55120
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

Unit for rent at 444 Hickory Street, Chicago Heights, IL, 60411

$1,695 /mo

  • 3 Beds
  • 1 Bath
  • 900 ft²
444 Hickory Street #2A, Chicago Heights, IL, 60411 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brian Doogan, Eagle Pro Realty LLC
Data Source: MRED, MLS# MRD11885318
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 3118 Chicago Road built and last sold?
The property at 3118 Chicago Road was built in 1929 and last sold on Oct 10, 2023 for $76,000.
How much is this home worth?
The estimated value of the home located at 3118 Chicago Road is $84,342.
What are some comparable homes to 3118 Chicago Road?
There are currently no comparable homes to 3118 Chicago Road.
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