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Franklin Park 60131 Franklin Park
3631 Ruby Street
$242,500
● House - Off Market

3631 Ruby Street

Franklin Park, IL 60131
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,072 Ft²
$246,799
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Brick ranch with a 1st floor addition.  Ceramic tile entry with a coat closet.  All 3 bedrooms are on the same level.  1st floor family room off the kitchen can also be used as a dining room.  Appliances included.  Newer White freezer on top Whirlpool refrigerator, 4 gas burner GE white stove, Newer Amana Washer.  Hotpoint Dryer.  Richmond hot water heater.  Carrier furnace and newer A/C.   Partially finished basement has paneled walls and a dry bar.  Workroom with workbench and storage.  Laundry room in the basement.  Side concrete driveway for off street parking.  No garage.  Fenced yard with a shed.  East Leyden High School and the Metra train only a few blocks away.  Small children's park a half block away.  Easy access to expressways to go downtown or the airport.  Being sold as-is.
Unit Size
1,072 Ft²
Days on Market
-
Land Size
-
Price per sqft
$228
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1946

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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 #11750156)

Price History

Date / Event Date Event Price
May 8, 2023 Sold
Premium
Sold
Apr 1, 2023 Listed by RE/MAX City $244,900
Listed by RE/MAX City

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Lot Size Depth Feet: 450
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,072
  • Gross Building Area: 1,072
  • Building Area: 1,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,072
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANK - LON HOMES UNIT1
  • Land Acres: 0000000103
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FRANK)-(LON) (HOMES) (UNIT1) SUB IN S3/4 OF SH OF SE NE SEC 21-40-12

Neighborhood

  • School District Name: Schiller Park School District 81
  • Census Tract: 811500

Geography

  • District: 20
  • Parcel: 12-21-212-007-0000
  • Lot: 51
  • Meridian: SEC 21 TWN 40N RNG 12E
  • Municipality: LEYDEN
  • Latitude: 41.945
  • Longitude: -87.8705

    Address

  • Full Address: 3631 Ruby St
  • Legal Unit: 1
  • Address - House Number: 3631
  • Address - Street Name: Ruby
  • Address - Suffix Type: St
  • State: IL
  • City Name: Franklin Park
  • Carrier Code: C009
  • 4-Digit Zip Code: 1745
  • Zip Code: 60131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $55,606
  • Tax Rate Code Area: 20024

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 280,375
  • High Value: 349,909
  • Low Value: 210,841

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $40,500
  • Market Improvement Value: $179,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $4,050
  • Assessed Improvements Value: $17,950

    Sales

  • Current Sale Contract Date: Apr 22, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6146
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 Franklin Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1556 ft²

Average Home Age

68.3 years

Currently For Sale

20 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 4326 Wesley Terrace, Schiller Park, IL, 60176

$2,850 /mo

  • 5 Beds
  • 2 Baths
  • 1,000 ft²
4326 Wesley Terrace, Schiller Park, IL, 60176 Listing by Emilio Bartucci
Unit for rent at 8632 W Ainslie Street, Norridge, IL, 60706

$2,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,166 ft²
8632 W Ainslie Street, Norridge, IL, 60706 Listing by Lucyna Duda

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donna Raven, RE/MAX City
Last Updated: 3 years ago
Data Source: MRED, MLS# 11750156
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 3631 Ruby Street built and last sold?
The property at 3631 Ruby Street was built in 1946 and last sold on Apr 22, 2023 for $242,500.
How much is this home worth?
The estimated value of the home located at 3631 Ruby Street is $0.
What are some comparable homes to 3631 Ruby Street?
There are currently no comparable homes to 3631 Ruby Street.
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