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Fairmont 60441
324 Connor Avenue
$203,000
● House - Off Market

324 Connor Avenue

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
550 Ft²
$1,226
Est. Monthly
11.03%
Cap Rate

About This Property

Nestled off on a quit unincorporated street in Lockport sits this gem. Very large lot with plenty of room for your pets. Recently installed within the last 2 years is the heat, AC, and tankless water heater. So no need to worry about the big ticket items. Also recently updated, steam shower in the bathroom for after them long days at work you can hit the steamer and forget about life for a while. this is a must see, so schedule you appointment before its gone.
Unit Size
550 Ft²
Days on Market
-
Land Size
-
Price per sqft
$369
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
-

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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 #12018188)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
Apr 2, 2024 Listed by Chicagoland Brokers, Inc $203,000
Listed by Chicagoland Brokers, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Total Rooms: 4
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,760
  • Lot Size Depth Feet: 1,470
  • Lot Size Frontage Feet: 800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DELLWOOD HIGHLANDS
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 178 179 IN DELLWOOD HIGHLANDS, BEING A SUB OF PRT OF THE S1/2 OF THE S1/2 OF SECS. 26 27, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880702

Geography

  • Parcel: 11-04-26-303-008
  • Lot: 178
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5696
  • Longitude: -88.0617

    Address

  • Full Address: 324 Connor Ave
  • Address - House Number: 324
  • Address - Street Name: Connor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lockport
  • Carrier Code: C002
  • 4-Digit Zip Code: 4709
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $274,400
  • Tax Rate Code Area: 1109

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 180,504
  • High Value: 211,721
  • Low Value: 149,288

    Market Valuation

  • Market Total Value: $108,954
  • Market Land Value: $54,135
  • Market Improvement Value: $54,819

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,318
  • Assessed Land Value: $18,045
  • Assessed Improvements Value: $18,273

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 16, 2014
  • Current Sale Recording Date: Sep 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2014084976
  • Previous Sale Recording Date: Oct 12, 2007
  • Previous Sale Contract Date: Oct 08, 2007
  • Previous Sale Amount: $118,000
  • Previous Sale Document Type: 33

    Financing

  • First Mortgage Financing Type: FIX
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 Fairmont

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1328 ft²

Average Home Age

50.3 years

Currently For Sale

3 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 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh
Unit for rent at 618 E 12th Street, Lockport, IL, 60441

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
618 E 12th Street, Lockport, IL, 60441 Listing by Dmitri Grebennikov

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donald Trentz, Chicagoland Brokers, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12018188
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 324 Connor Avenue built and last sold?
The property at 324 Connor Avenue was built in and last sold on Sep 16, 2014 for $112,000.
How much is this home worth?
The estimated value of the home located at 324 Connor Avenue is $201,962.
What are some comparable homes to 324 Connor Avenue?
There are currently no comparable homes to 324 Connor Avenue.
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