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Markham 60428
3417 W 161st Street
$77,500
● House - Off Market

3417 W 161st Street

Markham, IL 60428
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,413 Ft²
$835
Est. Monthly
34.21%
Cap Rate

About This Property

Exciting opportunity!  This frame 1.5 story offers 3 bedrooms, 1 bath and sits on an over-sized lot!  This property is waiting for the right owner to unlock its full potential and turn it into a stunning home.  Conveniently located near shopping, restaurants and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio.
Unit Size
1,413 Ft²
Days on Market
-
Land Size
-
Price per sqft
$57
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1936

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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

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • 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: 3
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,647
  • Total Building Area: 1,413
  • Gross Building Area: 1,413
  • Building Area: 1,413
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,413
  • 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: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • 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: 28-23-219-001-0000
  • Block: 21
  • Lot: 28
  • Meridian: SEC 23 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5969
  • Longitude: -87.7004

    Address

  • Full Address: 3417 W 161st St
  • Address - House Number: 3417
  • Street Direction: W
  • Address - Street Name: 161st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Markham
  • Carrier Code: C030
  • 4-Digit Zip Code: 4513
  • Zip Code: 60428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $397,808
  • Tax Rate Code Area: 13043

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 126,984
  • High Value: 155,979
  • Low Value: 97,988

    Market Valuation

  • Market Total Value: $116,950
  • Market Land Value: $17,210
  • Market Improvement Value: $99,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,695
  • Assessed Land Value: $1,721
  • Assessed Improvements Value: $9,974

    Sales

  • Current Sale Contract Date: Sep 30, 2003
  • Current Sale Recording Date: Oct 20, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 0329347310
  • Previous Sale Recording Date: Feb 26, 2003
  • Previous Sale Contract Date: Feb 24, 2003
  • Previous Sale Document Type: 42
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:

$175,000

Sale Price/ft²

$143

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1366 ft²

Average Home Age

67.3 years

Currently For Sale

48 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: Daniel Robinson, Crosstown Realtors, Inc.
Data Source: MRED, MLS# MRD12297128
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 3417 West 161st Street built and last sold?
The property at 3417 West 161st Street was built in 1936 and last sold on Sep 30, 2003 for $60,000.
How much is this home worth?
The estimated value of the home located at 3417 West 161st Street is $0.
What are some comparable homes to 3417 West 161st Street?
There are currently no comparable homes to 3417 West 161st Street.
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