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Park Forest 60466
381 Blackhawk Drive
$340,000
● House - Off Market

381 Blackhawk Drive

Park Forest, IL 60466
bedrooms
Studio
bathrooms
0 Bath
$444,067
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Ready to run your own repair shop? Then this is an Excellent Opportunity for you! This updated 1,800 sq ft Brick Building has 3 auto bays, an office, a huge basement storage space, a waiting room, & a bathroom!!! This property is on over an Acre of land with 50 Parking Spaces. This also has Low Taxes & Great Exposure for your business! Business includes Full client list, Tire machine, Tire balance, Commercial Shelving, 2 A/C Condensers, & 2 Heaters. Schedule a showing today!
Unit Size
-
Days on Market
-
Land Size
0.51 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,494
HOA Dues
-
Year Built
1997

Payment Calculator

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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 #11652626)

Price History

Date / Event Date Event Price
Feb 16, 2023 Sold
Premium
Sold
Oct 12, 2022 Listed by Park Place Realty Group LLC $424,999
Listed by Park Place Realty Group LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 23,561
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SHERYLS RESUB OF OUTLOT S IN BLK99 IN
  • Land Acres: 0000000541
  • Standard Land Use Code: 2020
  • County Land Use Code: 8-22
  • Legal Description 1: (SHERYLS) RESUB OF OUTLOT S IN BLK99 IN VILLAGE OF PA RK FOREST AREA4 SUB IN EH SEC 35-35-13

Neighborhood

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

Geography

  • District: 32
  • Parcel: 31-35-202-014-0000
  • Block: 99
  • Lot: 3
  • Meridian: SEC 35 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4837
  • Longitude: -87.7019

    Address

  • Full Address: 381 Blackhawk Dr
  • Address - House Number: 381
  • Address - Street Name: Blackhawk
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C020
  • 4-Digit Zip Code: 1958
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,893,031
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 32021

    Market Valuation

  • Market Total Value: $99,630
  • Market Land Value: $65,660
  • Market Improvement Value: $33,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,963
  • Assessed Land Value: $6,566
  • Assessed Improvements Value: $3,397

    Sales

  • Current Sale Contract Date: Feb 16, 2023
  • Current Sale Recording Date: Feb 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 49086
  • Previous Sale Recording Date: Sep 22, 2006
  • Previous Sale Contract Date: Jun 14, 2006
  • Previous Sale Document Type: 64
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:

$165,500

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1454 ft²

Average Home Age

70.5 years

Currently For Sale

120 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: Calvin Russell, Park Place Realty Group LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11652626
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 381 Blackhawk Drive built and last sold?
The property at 381 Blackhawk Drive was built in 1997 and last sold on Feb 16, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 381 Blackhawk Drive is $0.
What are some comparable homes to 381 Blackhawk Drive?
There are currently no comparable homes to 381 Blackhawk Drive.
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