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Chicago 60632 Brighton Park
3522 W 38th Place
$75,000
● Land - Off Market

3522 W 38th Place

Chicago, IL 60632
bedrooms
Studio
bathrooms
0 Bath
$505
Est. Monthly
12.20%
Cap Rate

About This Property

Nice, well taken care of lot. Ready for your vision to become a reality! Located in a nice street in Brighton Park.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
$112
HOA Dues
-
Year Built
1890

Payment Calculator

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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 #11844957)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Jul 28, 2023 Listed by Realty of Chicago LLC $80,000
Listed by Realty of Chicago LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 34
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • 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: 3,100
  • Lot Size Depth Feet: 350
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOSMERS SUB
  • Land Acres: 0000000071
  • Standard Land Use Code: 1112
  • County Land Use Code: 2-11
  • Legal Description 1: C B (HOSMERS) SUB BLK 21 IN JAMES H REES SUB S OF ILL INOIS & MICHIGAN CANAL SE SEC 35-39-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 580300

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 16-35-407-036-0000
  • Block: 21
  • Lot: 39,40
  • Meridian: SEC 35 TWN 39N RNG 13E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8236
  • Longitude: -87.7128

    Address

  • Full Address: 3522 W 38th Pl
  • Address - House Number: 3522
  • Street Direction: W
  • Address - Street Name: 38th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C023
  • 4-Digit Zip Code: 3316
  • Zip Code: 60632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $148,426
  • Tax Rate Code Area: 76007

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 325,850
  • High Value: 409,111
  • Low Value: 242,588

    Market Valuation

  • Market Total Value: $133,320
  • Market Land Value: $77,500
  • Market Improvement Value: $55,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,332
  • Assessed Land Value: $7,750
  • Assessed Improvements Value: $5,582

    Sales

  • Current Sale Contract Date: Sep 06, 1996
  • Current Sale Recording Date: Sep 30, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 96743190

    Financing

  • First Mortgage Financing Type: VAR
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 Southwest Side

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1000 ft²

Average Home Age

87.4 years

Currently For Sale

263 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

Rentals Near You

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MRED

Listed by: Heriberto Morin, Realty of Chicago LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11844957
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 3522 West 38th Place built and last sold?
The property at 3522 West 38th Place was built in 1890 and last sold on Sep 6, 1996 for $95,000.
How much is this home worth?
The estimated value of the home located at 3522 West 38th Place is $80,800.
What are some comparable homes to 3522 West 38th Place?
There are currently no comparable homes to 3522 West 38th Place.
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