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Steger 60475
3124 Union Avenue
$85,000
● House - Off Market

3124 Union Avenue

Steger, IL 60475
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,075 Ft²
$600
Est. Monthly
27.47%
Cap Rate

About This Property

Investor special! This 3-bedroom, 1-bath home with a full unfinished basement is a prime opportunity for experienced investors or rehabbers looking for a cosmetic rehab with strong upside potential. While the home requires a full clean-out due to past over-pet occupancy, the bones are solid, making it a great candidate for a transformation. Similar homes in the area have sold for double the price and more if after renovation, and this property is priced to sell at $89,000. Being sold as-is, with the buyer responsible for any village violations or inspections. Don't miss this chance to add value-schedule your showing today!
Unit Size
1,075 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$83
Property Type
House
Property Taxes
$163
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 #12284166)

Price History

Date / Event Date Event Price
Mar 3, 2025 Sold
Premium
Sold
Feb 10, 2025 In contract -
In contract
Feb 5, 2025 Listed by Habloft LLC $89,000
Listed by Habloft LLC

Property Highlights

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: 14
  • 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: 6,250
  • Total Building Area: 1,075
  • Gross Building Area: 1,075
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,075
  • 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: 0000000144
  • 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: 32-33-309-056-0000
  • Block: 24
  • Lot: 5,4
  • Meridian: SEC 33 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4739
  • Longitude: -87.6333

    Address

  • Full Address: 3124 Union Ave
  • Address - House Number: 3124
  • Address - Street Name: Union
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Steger
  • Carrier Code: C006
  • 4-Digit Zip Code: 1166
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $200,454
  • Tax Rate Code Area: 12225

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 166,000
  • High Value: 203,905
  • Low Value: 128,096

    Market Valuation

  • Market Total Value: $92,200
  • Market Land Value: $21,880
  • Market Improvement Value: $70,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,220
  • Assessed Land Value: $2,188
  • Assessed Improvements Value: $7,032

    Sales

  • Current Sale Contract Date: Jun 09, 1995
  • Current Sale Recording Date: Jul 18, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 95466780
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:

$199,900

Sale Price/ft²

$146

Below Asking

0.03%

Average Days on Market

61

Average Home Size

1583 ft²

Average Home Age

79.2 years

Currently For Sale

31 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

Rentals Near You

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MRED

Listed by: Omar Sanchez, Habloft LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12284166
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 3124 Union Avenue built and last sold?
The property at 3124 Union Avenue was built in 1954 and last sold on Jun 9, 1995 for $73,000.
How much is this home worth?
The estimated value of the home located at 3124 Union Avenue is $0.
What are some comparable homes to 3124 Union Avenue?
There are currently no comparable homes to 3124 Union Avenue.
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