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Park Forest 60466
374 Niagara Street
$145,000
● House - Off Market

374 Niagara Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,121 Ft²
$145,243
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Discover your dream home in this stunning three bedroom, two full bathroom ranch home with an office that can double as an additional bedroom. The inviting living room with a cozy wood-burning fireplace sets the tone as you walk into the spacious eat-in kitchen with a walk-in pantry which provides ample storage space for your ingredients and kitchen essentials.  The large family room opens up to the fenced in backyard,  allowing for seamless indoor-outdoor living.  Don't miss the opportunity to make this your forever home!   Being Sold As-Is.
Unit Size
1,121 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1951

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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 #11802497)

Price History

Date / Event Date Event Price
Jun 26, 2023 Sold
Premium
Sold
Jun 6, 2023 Listed by PCS Realty, LLC $145,000
Listed by PCS Realty, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,500
  • Total Building Area: 1,121
  • Gross Building Area: 1,121
  • Building Area: 1,121
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,121
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE/PK FOREST AREA #5
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 32
  • Parcel: 31-36-316-031-0000
  • Block: 45
  • Lot: 18
  • Meridian: SEC 36 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4714
  • Longitude: -87.6889

    Address

  • Full Address: 374 Niagara St
  • Address - House Number: 374
  • Address - Street Name: Niagara
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C019
  • 4-Digit Zip Code: 2337
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $804,124
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 132,494
  • High Value: 167,615
  • Low Value: 97,373

    Market Valuation

  • Market Total Value: $140,000
  • Market Land Value: $29,750
  • Market Improvement Value: $110,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,000
  • Assessed Land Value: $2,975
  • Assessed Improvements Value: $11,025

    Sales

  • Current Sale Contract Date: Jun 26, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 47036
  • Previous Sale Recording Date: Mar 26, 2018
  • Previous Sale Contract Date: Mar 05, 2018
  • Previous Sale Amount: $70,000
  • 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 Park Forest

Stats & Trends

Median Asking:

$168,500

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1453 ft²

Average Home Age

70.5 years

Currently For Sale

115 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Paulette Stark, PCS Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11802497
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 374 Niagara Street built and last sold?
The property at 374 Niagara Street was built in 1951 and last sold on Jun 26, 2023 for $145,000.
How much is this home worth?
The estimated value of the home located at 374 Niagara Street is $0.
What are some comparable homes to 374 Niagara Street?
There are currently no comparable homes to 374 Niagara Street.
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