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Frankfort 60423
36 McDonald Lane
$305,000
● House - Off Market

36 McDonald Lane

Frankfort, IL 60423
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$363,606
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Downtown Frankfort 3 bedroom, 2 full baths with a sub-basement.  Main floor offers hardwood in the kitchen and living room. 3 bedrooms upstairs. Large open family room on lower level with exterior access. Beautiful summer backyard with lots of flowers, paver patio and fenced in yard.  Whole house generator was installed in 2020. Furnace and A/C 2013, Hot water heater 2015, Roof 2018, 2016 new windows and siding, newer washer, dryer and refrigerator.  Price reflects updates that will need to by done.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$142
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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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.

Last updated: 3 years ago (MRED MLS #11022288)

Price History

Date / Event Date Event Price
Apr 2, 2021 Sold
Premium
Sold
Mar 16, 2021 Listed by CRIS REALTY $299,000
Listed by CRIS REALTY

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 39
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 528
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,476
  • Total Building Area: 1,334
  • Building Area: 1,334
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EISENBRANDTS
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 BLOCK 2 IN EISENBRANDT'S SUB OF LOTS 1 2 IN CHARLES CLAYE'S SUB, A SUB OF PRT OF E1/2 OF THE SE1/4 OF SEC 21, T35N-R12

Neighborhood

  • School District Name: Frankfort Community Consolidated School District 157C
  • Census Tract: 883504

Geography

  • Parcel: 19-09-21-413-003
  • Block: 2
  • Lot: 6
  • Meridian: SEC 21 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5013
  • Longitude: -87.851

    Address

  • Full Address: 36 Mcdonald Ln
  • Address - House Number: 36
  • Address - Street Name: Mcdonald
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Frankfort
  • Carrier Code: C007
  • 4-Digit Zip Code: 1416
  • Zip Code: 60423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $638,880
  • Tax Rate Code Area: 1906

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 326,595
  • High Value: 378,799
  • Low Value: 274,390

    Market Valuation

  • Market Total Value: $243,840
  • Market Land Value: $42,822
  • Market Improvement Value: $201,018

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,280
  • Assessed Land Value: $14,274
  • Assessed Improvements Value: $67,006

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021072575
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 Frankfort

Stats & Trends

Median Asking:

$669,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3267 ft²

Average Home Age

29 years

Currently For Sale

57 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 516 Lincoln Lane, Frankfort, IL, 60423

$2,400 /mo

  • 3 Beds
  • 2 Baths
516 Lincoln Lane #1N, Frankfort, IL, 60423 Listing by Stacie McGlone

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kim Phillips, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 11022288
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 36 McDonald Lane built and last sold?
The property at 36 McDonald Lane was built in 1972 and last sold on Apr 14, 2021 for $305,000.
How much is this home worth?
The estimated value of the home located at 36 McDonald Lane is $308,922.
What are some comparable homes to 36 McDonald Lane?
There are currently no comparable homes to 36 McDonald Lane.
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