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Chicago Heights 60411
331 Sandra Lane
$260,000
● House - Off Market

331 Sandra Lane

Chicago Heights, IL 60411
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,317 Ft²
$1,874
Est. Monthly
7.40%
Cap Rate

About This Property

Welcome to this stunning, fully updated and rehabbed home in the heart of Chicago Heights! This 3 bedroom 2 bath home has been renovated top to bottom! With too many updates to list, the home has been transformed with new drywall, fresh paint, trim, and doors. Enjoy beautiful new hardwood oak flooring throughout, along with updated kitchens featuring white shaker cabinets, quartz countertops, new sinks, faucets, stylish backsplashes, and all-new stainless steel appliances. Additional improvements include brand-new electrical, plumbing, sump pumps, furnace, and air conditioning. New windows, doors, locks, light fixtures, and recessed lighting complete the upgrades. This property is move-in ready and won't last long-schedule your showing today! Homewood/Flossmore high school.
Unit Size
1,317 Ft²
Days on Market
-
Land Size
-
Price per sqft
$197
Property Type
House
Property Taxes
$598
HOA Dues
-
Year Built
1957

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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: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,317
  • Gross Building Area: 1,317
  • Building Area: 1,317
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,317
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRACE SUB
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (BRADLEY) TERRACE SUB OF N 3ACS OF S 4ACS OF NW OF NE EX W 1160.32FT & PT OF NE OF NE NH SEC 18-35-14

Neighborhood

  • School District Name: Bloom Township High School District 206
  • Census Tract: 829301

Geography

  • District: 12
  • Parcel: 32-18-216-021-0000
  • Lot: 114
  • Meridian: SEC 18 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5252
  • Longitude: -87.6568

    Address

  • Full Address: 331 Sandra Ln
  • Address - House Number: 331
  • Address - Street Name: Sandra
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C037
  • 4-Digit Zip Code: 1657
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $717,149
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 12054

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 213,227
  • High Value: 261,915
  • Low Value: 164,539

    Market Valuation

  • Market Total Value: $168,050
  • Market Land Value: $40,250
  • Market Improvement Value: $127,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,805
  • Assessed Land Value: $4,025
  • Assessed Improvements Value: $12,780

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2114039350
  • Previous Sale Recording Date: Oct 29, 2004
  • Previous Sale Contract Date: Aug 28, 2004
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 71
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 Chicago Heights

Stats & Trends

Median Asking:

$207,500

Sale Price/ft²

$154

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1068 ft²

Average Home Age

74.6 years

Currently For Sale

67 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 18549 Dundee Avenue, Homewood, IL, 60430

$2,395 /mo

  • 3 Beds
  • 2 Baths
  • 1,399 ft²
18549 Dundee Avenue, Homewood, IL, 60430 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lori Wyatt, Real Estate Growth Partners
Data Source: MRED, MLS# MRD12164762
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 331 Sandra Lane built and last sold?
The property at 331 Sandra Lane was built in 1957 and last sold on Mar 15, 2021 for $90,000.
How much is this home worth?
The estimated value of the home located at 331 Sandra Lane is $0.
What are some comparable homes to 331 Sandra Lane?
There are currently no comparable homes to 331 Sandra Lane.
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