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Cook 60803
3839 W 116th Place
$184,999
● House - Off Market

3839 W 116th Place

Alsip, IL 60803
bedrooms
3 Beds
bathrooms
1 Bath
square feet
780 Ft²
$230,042
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Buyer backed out at the last minute. Adorable 3 bedroom home. Recessed lighting, crown molding, white trim and 6 panel doors in the main floor living spaces. Hardwood floors installed on the LR, DR and the main floor bedroom in 2015. Kitchen was updated in 2015 including all the appliances. Upstairs you will find a large hall closet for storage and 2 additional bedrooms. Full unfinished basement. Electrical and plumbing updated. Furnace and water heater - 2012. Roof and siding - 2020. Brand new AC  and deck.
Unit Size
780 Ft²
Days on Market
-
Land Size
-
Price per sqft
$237
Property Type
House
Property Taxes
$395
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.

Last updated: 3 years ago (MRED MLS #10954289)

Price History

Date / Event Date Event Price
Mar 29, 2021 Sold
Premium
Sold
Dec 17, 2020 Listed by Keller Williams Realty Infinity $184,999
Listed by Keller Williams Realty Infinity

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 10,050
  • Total Building Area: 780
  • Gross Building Area: 780
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ATWOODS ADD TO WASHINGTON HEIGHTS S
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Atwood Heights School District 125
  • Census Tract: 823304

Geography

  • District: 39
  • Parcel: 24-23-313-006-0000
  • Block: 20
  • Meridian: SEC 23 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.681
  • Longitude: -87.717

    Address

  • Full Address: 3839 W 116th Pl
  • Address - House Number: 3839
  • Street Direction: W
  • Address - Street Name: 116th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Alsip
  • Carrier Code: C022
  • 4-Digit Zip Code: 5814
  • Zip Code: 60803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $416,738
  • Tax Rate Code Area: 39125

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 218,793
  • High Value: 273,226
  • Low Value: 164,359

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $52,760
  • Market Improvement Value: $137,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $5,276
  • Assessed Improvements Value: $13,724

    Sales

  • Current Sale Contract Date: Mar 18, 2021
  • Current Sale Recording Date: Jul 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2119404265
  • Previous Sale Recording Date: Dec 31, 2007
  • Previous Sale Contract Date: Dec 14, 2007
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Cook

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$241

Above Asking

3.73%

Average Days on Market

45

Average Home Size

1500 ft²

Average Home Age

65.4 years

Currently For Sale

9323 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 10301 S Kedzie Avenue, Chicago, IL, 60655

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
10301 S Kedzie Avenue #3, Chicago, IL, 60655 Listing by Badia Zahdan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lynda Baker, Keller Williams Realty Infinity
Last Updated: 3 years ago
Data Source: MRED, MLS# 10954289
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 3839 West 116th Place built and last sold?
The property at 3839 West 116th Place was built in 1952 and last sold on Mar 18, 2021 for $185,000.
How much is this home worth?
The estimated value of the home located at 3839 West 116th Place is $186,565.
What are some comparable homes to 3839 West 116th Place?
There are currently no comparable homes to 3839 West 116th Place.
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