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Markham 60428
3216 W 162nd Street
$164,500
● House - Off Market

3216 W 162nd Street

Markham, IL 60428
bedrooms
4 Beds
bathrooms
2 Baths
$169,514
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Welcome home to your spacious home on a beautiful double lot! Walk into the brightly lit living room, with plenty of space for family or friends to gather! The living room leads right into the formal dining room, which connects to the kitchen. The kitchen has plenty of counter space for all your cooking needs! The main floor has 3 bedrooms, with the primary having its own ensuite! Upstairs you will find a loft area that's perfect for another living space, or storage as well as the 4th bedroom. Brand new roof 2022! This home is close to restaurants and grocery stores, as well as the highway! Come check out this amazing home today!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1943

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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: 3 years ago (MRED MLS #11707729)

Price History

Date / Event Date Event Price
Mar 2, 2023 Sold
Premium
Sold
Jan 26, 2023 Listed by Baird & Warner Business Development $164,500
Listed by Baird & Warner Business Development

Property Highlights

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,320
  • Total Building Area: 2,213
  • Gross Building Area: 2,213
  • Building Area: 2,213
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,213
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELMORES KEDZIE AVE RIDGE
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: H W (ELMORES)(KEDZIE) AVE (RIDGE) SUB OF NE & SE S OF IBL EH SEC 23-36-13

Neighborhood

  • School District Name: Prairie-Hills Elementary School District 144
  • Census Tract: 825600

Geography

  • District: 13
  • Parcel: 28-23-231-013-0000
  • Block: 32
  • Lot: 9-12
  • Meridian: SEC 23 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5938
  • Longitude: -87.6954

    Address

  • Full Address: 3216 W 163rd St
  • Address - House Number: 3216
  • Street Direction: W
  • Address - Street Name: 163rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Markham
  • Carrier Code: C017
  • 4-Digit Zip Code: 5410
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $426,776
  • Tax Rate Code Area: 13043

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 203,667
  • High Value: 250,173
  • Low Value: 157,162

    Market Valuation

  • Market Total Value: $118,160
  • Market Land Value: $11,970
  • Market Improvement Value: $106,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,816
  • Assessed Land Value: $1,197
  • Assessed Improvements Value: $10,619

    Sales

  • Current Sale Contract Date: Oct 07, 2003
  • Current Sale Recording Date: Dec 03, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0333714369

    Financing

  • First Mortgage Financing Type: ADJ
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 Markham

Stats & Trends

Median Asking:

$179,000

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1283 ft²

Average Home Age

66.4 years

Currently For Sale

53 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 15711 Whipple Avenue, Markham, IL, 60428

$3,025 /mo

  • 4 Beds
  • 1 Bath
  • 1,000 ft²
15711 Whipple Avenue, Markham, IL, 60428 Listing by Jonathan Denny

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Clara Wetterquist, Baird & Warner Business Development
Last Updated: 3 years ago
Data Source: MRED, MLS# 11707729
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 3216 West 162nd Street built and last sold?
The property at 3216 West 162nd Street was built in 1943 and last sold on Oct 7, 2003 for $120,000.
How much is this home worth?
The estimated value of the home located at 3216 West 162nd Street is $0.
What are some comparable homes to 3216 West 162nd Street?
There are currently no comparable homes to 3216 West 162nd Street.
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