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Steger 60475
3520 John Street
$88,500
● House - Off Market

3520 John Street

Steger, IL 60475
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$864
Est. Monthly
18.61%
Cap Rate

About This Property

Great opportunity to complete a mostly finished renovation and add your personal touch! This 3-bedroom, 2-bathroom home has already seen significant updates, making it ideal for investors or homeowners looking for a head start. Many major improvements have been taken care of, including brand-new copper pipes, a new electrical panel, and a recently installed air conditioning system. With these essential updates completed, you can focus on cosmetic finishes and bring your vision to life. Located in a quiet residential area, this home will be a tremendous property once finished!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$104
Property Type
House
Property Taxes
$355
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

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: 11,191
  • Total Building Area: 1,105
  • Building Area: 1,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,105
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIT #6 IN ADAMS HEIGHTS
  • Land Acres: 0000000260
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 128 IN ADAMS HEIGHTS UNIT 6, A SUB OF PRT OF LOT F IN ADAMS ACRES, BEING A SUB OF PRT OF THE W1/2 OF SEC. 5 THE E1/2 OF

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 883804

Geography

  • Parcel: 23-15-05-107-032
  • Lot: 128
  • Meridian: SEC 06 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4654
  • Longitude: -87.6488

    Address

  • Full Address: 3520 John St
  • Legal Unit: 6
  • Address - House Number: 3520
  • Address - Street Name: John
  • Address - Suffix Type: St
  • State: IL
  • City Name: Steger
  • Carrier Code: C005
  • 4-Digit Zip Code: 1313
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $392,568
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2327

    Appraisal Valuation

  • Standard Deviation: 0.1787
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 129,091
  • High Value: 152,162
  • Low Value: 106,020

    Market Valuation

  • Market Total Value: $103,485
  • Market Land Value: $28,467
  • Market Improvement Value: $75,018

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,495
  • Assessed Land Value: $9,489
  • Assessed Improvements Value: $25,006

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: R2021129419
  • Previous Sale Recording Date: Feb 01, 2021
  • Previous Sale Contract Date: Jul 22, 2021
  • Previous Sale Amount: $38,500
  • Previous Sale Document Type: 69
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:

$199,995

Sale Price/ft²

$149

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1327 ft²

Average Home Age

81.1 years

Currently For Sale

28 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 1349 Perry Street, Crete, IL, 60417

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,142 ft²
1349 Perry Street, Crete, IL, 60417 Listing by Maria Valdez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Scanlon, eXp Realty
Data Source: MRED, MLS# MRD12352483
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 3520 John Street built and last sold?
The property at 3520 John Street was built in and last sold on Oct 22, 2021 for $38,500.
How much is this home worth?
The estimated value of the home located at 3520 John Street is $106,978.
What are some comparable homes to 3520 John Street?
There are currently no comparable homes to 3520 John Street.
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