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Cook 60422
3515 196th Street
$53,500
● Land - Off Market

3515 196th Street

Flossmoor, IL 60422
bedrooms
Studio
bathrooms
0 Bath
$571
Est. Monthly

About This Property

3515 196th St, Flossmoor, Il is vacant land zoned residential with a lot size of approximately 84,187.5 sq ft.  This well-located property is within close proximity to schools, parks, shops and train station.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$281
HOA Dues
-
Year Built
1946

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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: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 3
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,764
  • Total Building Area: 652
  • Gross Building Area: 652
  • Building Area: 652
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 652
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001900
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 829902

Geography

  • District: 32
  • Parcel: 31-11-400-016-0000
  • Meridian: SEC 11 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5325
  • Longitude: -87.7014

    Address

  • Full Address: 3515 196th St
  • Address - House Number: 3515
  • Address - Street Name: 196th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Flossmoor
  • Carrier Code: R001
  • 4-Digit Zip Code: 4330
  • Zip Code: 60422

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $395,875
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 32001

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 57,333
  • High Value: 63,130
  • Low Value: 51,536

    Market Valuation

  • Market Total Value: $153,460
  • Market Land Value: $103,460
  • Market Improvement Value: $50,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,346
  • Assessed Land Value: $10,346
  • Assessed Improvements Value: $5,000
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 Cook

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$240

Above Asking

2.05%

Average Days on Market

45

Average Home Size

1516 ft²

Average Home Age

64.9 years

Currently For Sale

8886 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 21015 London Drive, Olympia Fields, IL, 60461

$3,200 /mo

  • 4 Beds
  • 3 Baths
  • 2,700 ft²
21015 London Drive, Olympia Fields, IL, 60461 Listing by Alyssa Reils
Unit for rent at 4453 Provincetown Drive, Country Club Hills, IL, 60478

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
4453 Provincetown Drive, Country Club Hills, IL, 60478 Listing by Jomont Dotton

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Derman, Keller Williams Preferred Rlty
Data Source: MRED, MLS# MRD12294098
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 3515 196th Street built and last sold?
The property at 3515 196th Street was built in 1946 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3515 196th Street is $59,590.
What are some comparable homes to 3515 196th Street?
There are currently no comparable homes to 3515 196th Street.
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