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Steger 60475
3502 Morgan Street
$127,000
● House - Off Market

3502 Morgan Street

Steger, IL 60475
bedrooms
2 Beds
bathrooms
1 Bath
square feet
958 Ft²
$894
Est. Monthly

About This Property

Step right into this corner lot home, perfect for first-time buyers or investors seeking a profitable addition to their portfolio. The fenced yard provides peace of mind for families with young children or pet owners. With hardwood and laminate floors throughout, this home offers a solid foundation and awaits your personal touch to realize its full potential. Equipped with central AC and heating, newer cabinets, an oven range, and a convenient laundry room, this home blends comfort with practicality. Enjoy those relaxing evenings with friends and family in the yard, or plan those summer cookouts! The spacious garage and driveway add to the appeal. Schedule your showing today and envision the possibilities!
Unit Size
958 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$133
Property Type
House
Property Taxes
$270
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,334
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: KENNEY BEER'S BOULEVARD ADDITION
  • Land Acres: 0000000080
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 2 BLOCK 6 IN KENNEY BEER'S BOULEVARD ADDITION TO COLUMBIA HEIGHTS, BEING A SUB OF PRT OF THE W 992.77 FT OF THE NE FRACT

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 883700

Geography

  • Parcel: 23-15-05-110-023
  • Block: 6
  • Lot: 2
  • Meridian: SEC 05 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4676
  • Longitude: -87.6441

    Address

  • Full Address: 3502 Morgan St
  • Address - House Number: 3502
  • Address - Street Name: Morgan
  • Address - Suffix Type: St
  • State: IL
  • City Name: Steger
  • Carrier Code: C001
  • 4-Digit Zip Code: 1532
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,790
  • Tax Rate Code Area: 2327

    Market Valuation

  • Market Total Value: $9,171
  • Market Land Value: $9,171

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,057
  • Assessed Land Value: $3,057

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 57352
  • Previous Sale Recording Date: Mar 14, 2019
  • Previous Sale Contract Date: Mar 05, 2019
  • Previous Sale Amount: $40,800
  • 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 Steger

Stats & Trends

Median Asking:

$199,990

Sale Price/ft²

$148

Below Asking

0.03%

Average Days on Market

61

Average Home Size

1564 ft²

Average Home Age

76.5 years

Currently For Sale

31 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 3236 Hopkins Street, Steger, IL, 60475

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,449 ft²
3236 Hopkins Street, Steger, IL, 60475 Listing by AnnMarie Siriano
Unit for rent at 307 Durham Drive, Steger, IL, 60475

$3,350 /mo

  • 5 Beds
  • 3 Baths
  • 2,335 ft²
307 Durham Drive, Steger, IL, 60475 Listing by Vicki Melonas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Asaf Arevalo, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12492875
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 3502 Morgan Street built and last sold?
The property at 3502 Morgan Street was built in and last sold on Jul 25, 2022 for $91,830.
How much is this home worth?
The estimated value of the home located at 3502 Morgan Street is $0.
What are some comparable homes to 3502 Morgan Street?
There are currently no comparable homes to 3502 Morgan Street.
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