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Park Forest 60466
362 Miami Street
$190,800
● House - Off Market

362 Miami Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,413 Ft²
$1,334
Est. Monthly
12.00%
Cap Rate

About This Property

Welcome to this modern ranch home, where sleek design meets comfort. The open floor plan flows from a spacious living room to a chic kitchen with white shaker cabinets, stainless steel appliances, and quartz countertops, perfect for entertaining. It features three oversized stylish bedrooms, two updated bathrooms, and a beautifully landscaped backyard with a versatile shed. Experience refined indoor-outdoor living in this exceptional property.
Unit Size
1,413 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$127
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1952

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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: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 7,620
  • Total Building Area: 1,413
  • Gross Building Area: 1,413
  • Building Area: 1,413
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,413
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA4
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (VILLAGE) OF PARK (FOREST) (AREA4) SUB OF WH SEC36 & PT EH SEC35 EH SEC 35-35-13

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830400

Geography

  • District: 32
  • Parcel: 31-35-206-012-0000
  • Block: 95
  • Lot: 11
  • Meridian: SEC 35 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4821
  • Longitude: -87.6998

    Address

  • Full Address: 362 Miami St
  • Address - House Number: 362
  • Address - Street Name: Miami
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C020
  • 4-Digit Zip Code: 1964
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 58,730
  • High Value: 64,668
  • Low Value: 52,792

    Market Valuation

  • Market Total Value: $140,000
  • Market Land Value: $26,670
  • Market Improvement Value: $113,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,000
  • Assessed Land Value: $2,667
  • Assessed Improvements Value: $11,333
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 Park Forest

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1458 ft²

Average Home Age

70.6 years

Currently For Sale

122 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 5044 Brighton Lane, Richton Park, IL, 60471

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
5044 Brighton Lane, Richton Park, IL, 60471 Listing by Dominique Lowery
Unit for rent at 415 Shabbona Drive, Park Forest, IL, 60466

$2,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
415 Shabbona Drive, Park Forest, IL, 60466 Listing by Jennifer Upshaw

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ana Sandoval, Compass
Data Source: MRED, MLS# MRD12270100
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 362 Miami Street built and last sold?
The property at 362 Miami Street was built in 1952 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 362 Miami Street is $0.
What are some comparable homes to 362 Miami Street?
There are currently no comparable homes to 362 Miami Street.
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