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Chicago Heights 60411
381 Iris Lane
$289,000
● House - Off Market

381 Iris Lane

Chicago Heights, IL 60411
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,042 Ft²
$1,871
Est. Monthly
7.26%
Cap Rate
Unit Size
1,042 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1957

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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: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,776
  • Total Building Area: 1,042
  • Gross Building Area: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SERENA HILLS 01
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828802

Geography

  • District: 12
  • Parcel: 32-08-116-016-0000
  • Block: 2
  • Lot: 16
  • Meridian: SEC 08 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5378
  • Longitude: -87.6505

    Address

  • Full Address: 381 Iris Ln
  • Address - House Number: 381
  • Address - Street Name: Iris
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C018
  • 4-Digit Zip Code: 6611
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $661,799
  • Tax Rate Code Area: 12075

    Appraisal Valuation

  • Standard Deviation: 0.2653
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 203,750
  • High Value: 257,824
  • Low Value: 149,676

    Market Valuation

  • Market Total Value: $135,200
  • Market Land Value: $43,990
  • Market Improvement Value: $91,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,520
  • Assessed Land Value: $4,399
  • Assessed Improvements Value: $9,121

    Sales

  • Current Sale Contract Date: Dec 29, 2003
  • Current Sale Recording Date: Jan 08, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0400847274
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 Chicago Heights

Stats & Trends

Median Asking:

$207,500

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1151 ft²

Average Home Age

67.9 years

Currently For Sale

73 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: Helen Harrison, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12368542
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 Iris Lane built and last sold?
The property at 381 Iris Lane was built in 1957 and last sold on Dec 29, 2003 for $90,000.
How much is this home worth?
The estimated value of the home located at 381 Iris Lane is $0.
What are some comparable homes to 381 Iris Lane?
There are currently no comparable homes to 381 Iris Lane.
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