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Park Forest 60466
320 Illinois Street
$207,000
● House - Off Market

320 Illinois Street

Park Forest, IL 60466
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,209 Ft²
$1,807
Est. Monthly
16.09%
Cap Rate

About This Property

SPACIOUS THREE BEDROOM SPLIT LEVEL HOME WITH ATTACHED GARAGE.  FAMILY ROOM/BEDROOM WITH FIREPLACE AND HALF BATH IN LOWER LEVEL.  NICE LARGE PATIO IN REAR.  BEAUTIFUL HARDWOOD FLOORS ON UPSTAIRS LEVEL AND NEW LAMINATE FLOORS IN LIVING ROOM, DINING ROOM, KITHCEN AND UPSTAIRS BATHROOM. NEW BATHROOM FIXTURES WITH MANY OTHER UPDATES. FURNACE, A/C, AND WATERHEATER ARE ONLY A COUPLE YEARS OLD.   EASY TO SHOW.
Unit Size
1,209 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$174
Property Type
House
Property Taxes
$775
HOA Dues
-
Year Built
1960

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,384
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,209
  • Gross Building Area: 1,209
  • Building Area: 1,209
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,209
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD CENTER
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830100

Geography

  • District: 32
  • Parcel: 31-24-320-011-0000
  • Block: 20
  • Lot: 19
  • Meridian: SEC 24 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5034
  • Longitude: -87.6847

    Address

  • Full Address: 320 Illinois St
  • Address - House Number: 320
  • Address - Street Name: Illinois
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C023
  • 4-Digit Zip Code: 1120
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $817,269
  • Tax Rate Code Area: 32018

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 141,425
  • High Value: 178,901
  • Low Value: 103,950

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $29,540
  • Market Improvement Value: $120,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,954
  • Assessed Improvements Value: $12,046

    Sales

  • Current Sale Contract Date: Mar 04, 2016
  • Current Sale Recording Date: Mar 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1608229046
  • Previous Sale Recording Date: Mar 06, 2015
  • Previous Sale Contract Date: Jan 05, 2015
  • Previous Sale Document Type: 64
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:

$168,500

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1463 ft²

Average Home Age

70.7 years

Currently For Sale

117 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: Gregory Byron, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12265624
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 320 Illinois Street built and last sold?
The property at 320 Illinois Street was built in 1960 and last sold on Mar 4, 2016 for $49,900.
How much is this home worth?
The estimated value of the home located at 320 Illinois Street is $0.
What are some comparable homes to 320 Illinois Street?
There are currently no comparable homes to 320 Illinois Street.
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