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Steger 60475
3611 Wallace Avenue
$219,900
● House - Off Market

3611 Wallace Avenue

Steger, IL 60475
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,624 Ft²
$226,445
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Newer Tri Level in a fantastic Steger location! It's situated on a dead end street and backs up to Memorial Park. Large fenced yard with 2 patios, a Fire Pit, and a generous Shed, making outdoor enjoyment a breeze. Inside it's modern and ready to go! 3 beds up, plus a lower level office or 4th bed. 2 full baths. Spacious kitchen with new appliances, pantry, and space for a table, plus slider to one of the patios! Fresh Carpet, Fresh Paint, Attached Garage. All it needs is you! Make your appointment today to see this Steger Gem and open the chapter of living in your new, wonderful home!
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$135
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
2005

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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 #11301495)

Price History

Date / Event Date Event Price
Mar 15, 2022 Sold
Premium
Sold
Jan 10, 2022 Listed by Team GT PLLC $219,900
Listed by Team GT PLLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 2,529
  • Total Building Area: 1,624
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLUMBIA HEIGHTS
  • Land Acres: 0000000060
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 42 BLOCK 25 IN COLUMBIA HEIGHTS, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC. 4 AND THE NE1/4 OF SEC. 5 (EX THE W

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 883700

Geography

  • Parcel: 23-15-04-117-007
  • Block: 25
  • Lot: 42
  • Meridian: SEC 04 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4654
  • Longitude: -87.6314

    Address

  • Full Address: 3611 Wallace Ave
  • Address - House Number: 3611
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Steger
  • Carrier Code: C004
  • 4-Digit Zip Code: 1754
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $445,350
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 2327

    Appraisal Valuation

  • Standard Deviation: 0.1426
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 83
  • Final Value: 183,722
  • High Value: 209,928
  • Low Value: 157,516

    Market Valuation

  • Market Total Value: $117,399
  • Market Land Value: $8,658
  • Market Improvement Value: $108,741

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,133
  • Assessed Land Value: $2,886
  • Assessed Improvements Value: $36,247

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 26649
  • Previous Sale Recording Date: Apr 06, 2005
  • Previous Sale Contract Date: Apr 01, 2005
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 71
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:

$204,950

Sale Price/ft²

$149

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1270 ft²

Average Home Age

80.5 years

Currently For Sale

22 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: Mark Groble, Team GT PLLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11301495
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 3611 Wallace Avenue built and last sold?
The property at 3611 Wallace Avenue was built in 2005 and last sold on Mar 15, 2022 for $219,900.
How much is this home worth?
The estimated value of the home located at 3611 Wallace Avenue is $0.
What are some comparable homes to 3611 Wallace Avenue?
There are currently no comparable homes to 3611 Wallace Avenue.
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