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Steger 60475
3224 Phillips Avenue
$188,000
● House - Off Market

3224 Phillips Avenue

Steger, IL 60475
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,008 Ft²
$935
Est. Monthly
14.33%
Cap Rate

About This Property

Ranch in Steger- Simply move in! New popular LVT flooring and freshly painted throughout. Kitchen with all stainless-steel appliances. Full finished basement with additional 1/2 bath. 2 Car garage. Welcome Home! Close to all accommodations including schools, parks, shops, restaurants and more! Not for rent or lease.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$52
HOA Dues
-
Year Built
1977

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEENEYS FIRST ADD TO COLUMBIA HEIGHTS
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (KEENEYS) (FIRST) ADD TO (COLUMBIA) (HEIGHTS) SUB OF SH OF SE SEC32 & PT OF SEC33 SW SW SEC 33-35-14 SE SEC 32-35-14

Neighborhood

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

Geography

  • District: 12
  • Parcel: 32-33-319-049-0000
  • Block: 1
  • Lot: 13,14
  • Meridian: SEC 33 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.4725
  • Longitude: -87.6308

    Address

  • Full Address: 3224 Phillips Ave
  • Address - House Number: 3224
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Steger
  • Carrier Code: C006
  • 4-Digit Zip Code: 1161
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $78,128
  • Tax Rate Code Area: 12026

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 197,168
  • High Value: 249,433
  • Low Value: 144,903

    Market Valuation

  • Market Total Value: $110,200
  • Market Land Value: $21,880
  • Market Improvement Value: $88,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,020
  • Assessed Land Value: $2,188
  • Assessed Improvements Value: $8,832

    Sales

  • Current Sale Contract Date: Jul 29, 2014
  • Current Sale Recording Date: Aug 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1424042030
  • Previous Sale Recording Date: Sep 12, 2013
  • Previous Sale Contract Date: Aug 22, 2013
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: 68
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

1271 ft²

Average Home Age

82.5 years

Currently For Sale

23 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: Stephen Zidek, Grandview Realty LLC
Data Source: MRED, MLS# MRD12315394
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 3224 Phillips Avenue built and last sold?
The property at 3224 Phillips Avenue was built in 1977 and last sold on Jul 29, 2014 for $108,500.
How much is this home worth?
The estimated value of the home located at 3224 Phillips Avenue is $0.
What are some comparable homes to 3224 Phillips Avenue?
There are currently no comparable homes to 3224 Phillips Avenue.
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