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Chicago 60629 Chicago Lawn
3507 W 59th Place
$225,000
● House - Off Market

3507 W 59th Place

Chicago, IL 60629
bedrooms
4 Beds
bathrooms
1 Bath
square feet
840 Ft²
$255,351
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Light, bright and clean 4 bedroom home all set for you to move right in! Welcome into the huge Living Room with enough space for multiple activities - office area, tv area or use the large space for entertaining friends and family. Private Family Room towards the back of the house for those movie or game nights.  Walk-in food pantry. New 2019 roof, loads of extra closets and built in shelves for great storage and character. Upstairs loft area and full dry walk out basement ready for your personal touches. Great party 2 car garage - one side opens up to the fenced backyard, great for pets to roam! Freezer in the basement stays. Conveniently near restaurants, parks, Midway airport, schools, and grocery stores.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$273
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910

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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 #11217268)

Price History

Date / Event Date Event Price
Nov 17, 2021 Sold
Premium
Sold
Sep 13, 2021 Listed by Baird & Warner $229,000
Listed by Baird & Warner

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 3,125
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLER PHILLIPS & KEHER
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 660400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: May 02, 2024
  • District: 72
  • Parcel: 19-14-405-021-0000
  • Block: 2
  • Lot: 49
  • Meridian: SEC 14 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.785
  • Longitude: -87.711

    Address

  • Full Address: 3507 W 59th Pl
  • Address - House Number: 3507
  • Street Direction: W
  • Address - Street Name: 59th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C019
  • 4-Digit Zip Code: 3626
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $227,518
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 220,151
  • High Value: 275,833
  • Low Value: 164,469

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $26,560
  • Market Improvement Value: $83,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $2,656
  • Assessed Improvements Value: $8,344

    Sales

  • Current Sale Contract Date: Nov 09, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2132721327

    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 South Side

Stats & Trends

Median Asking:

$281,150

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1148 ft²

Average Home Age

92.7 years

Currently For Sale

669 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

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MRED

Listed by: Beth Tischler, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11217268
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 3507 West 59th Place built and last sold?
The property at 3507 West 59th Place was built in 1910 and last sold on Nov 9, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 3507 West 59th Place is $0.
What are some comparable homes to 3507 West 59th Place?
There are currently no comparable homes to 3507 West 59th Place.
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