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Chicago 60629 West Elsdon
3608 W 55th Place
$340,000
● House - Off Market

3608 W 55th Place

Chicago, IL 60629
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,684 Ft²
$1,967
Est. Monthly
7.72%
Cap Rate

About This Property

Welcome to this wonderfully maintained 4 bedroom, 2 bath Cape Cod home in West Eldon! Step into the stunning living area, filled with natural light. Updated tile plank flooring throughout the main level. Large kitchen with eating area, BRAND NEW SS Appliances. HUGE Main Level Master Bedroom and additional bedroom on the main level as well. Perfect for home office. Huge and beautifully updated full bathroom completes the main level.  Upstairs you will find a fully finished living area with 2 large bedrooms and a tastefully finished Full Bathroom. Downstairs is the Full Finished basement with tons of space for storage and entertainment with walk-out access to the backyard! All Brick detached 2-car garage with double overhead doors for convenience and entertainment. Excellent location nearby schools!
Unit Size
1,684 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1960

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,840
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,684
  • Gross Building Area: 1,684
  • Building Area: 1,684
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,684
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMPBELLS ADD TO CHICAGO
  • Land Acres: 0000000088
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: JAS H (CAMPBELLS) ADD TO (CHICAGO) SUB OF EX E 50 FT NW SEC 14-38-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 620400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-14-103-049-0000
  • Block: 1
  • Lot: 41,42
  • Meridian: SEC 14 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7927
  • Longitude: -87.714

    Address

  • Full Address: 3608 W 55th Pl
  • Address - House Number: 3608
  • Street Direction: W
  • Address - Street Name: 55th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C026
  • 4-Digit Zip Code: 3813
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $286,354
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2458
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 314,420
  • High Value: 391,720
  • Low Value: 237,119

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $38,400
  • Market Improvement Value: $161,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $3,840
  • Assessed Improvements Value: $16,160

    Sales

  • Current Sale Contract Date: Oct 29, 1998
  • Current Sale Recording Date: Nov 10, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 08014565
  • Previous Sale Recording Date: Oct 27, 1994
  • Previous Sale Contract Date: Oct 25, 1994
  • Previous Sale Amount: $122,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$368,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1022 ft²

Average Home Age

86.4 years

Currently For Sale

279 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: Tyler Burlison, eXp Realty, LLC
Data Source: MRED, MLS# MRD12339787
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 3608 West 55th Place built and last sold?
The property at 3608 West 55th Place was built in 1960 and last sold on Oct 29, 1998 for $130,000.
How much is this home worth?
The estimated value of the home located at 3608 West 55th Place is $0.
What are some comparable homes to 3608 West 55th Place?
There are currently no comparable homes to 3608 West 55th Place.
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