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Midlothian 60445
3848 153rd Place
$245,000
● House - Off Market

3848 153rd Place

Midlothian, IL 60445
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,725 Ft²
$1,562
Est. Monthly
6.83%
Cap Rate

About This Property

Nicely remodeled 3BR/2BA in quiet Midlothian neighborhood.  This home has many upgrades.  Updated kitchen with new cabinets, quartz countertop, stainless steel appliances.  Two full bathrooms with modern tile design.  Beautifully refinished hardwood flooring.  Family room has new carpeting.  Freshly painted in neutral color.  New doors and trim throughout.  Shows great.  Your buyer will not be disappointed.
Unit Size
1,725 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1959

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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 #12026899)

Price History

Date / Event Date Event Price
Jun 3, 2024 Sold
Premium
Sold
Apr 11, 2024 Listed by DNV Solutions LLC $239,900
Listed by DNV Solutions LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 6,468
  • Total Building Area: 1,725
  • Gross Building Area: 1,725
  • Building Area: 1,725
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,725
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD BREMENSHIRE
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Midlothian School District 143
  • Census Tract: 824702

Geography

  • District: 13
  • Parcel: 28-14-102-033-0000
  • Lot: 82
  • Meridian: SEC 14 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6117
  • Longitude: -87.7141

    Address

  • Full Address: 3848 153rd Pl
  • Address - House Number: 3848
  • Address - Street Name: 153rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Midlothian
  • Carrier Code: C008
  • 4-Digit Zip Code: 3723
  • Zip Code: 60445

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $475,093
  • Tax Rate Code Area: 13036

    Appraisal Valuation

  • Standard Deviation: 0.2427
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 217,048
  • High Value: 269,731
  • Low Value: 164,365

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $27,490
  • Market Improvement Value: $172,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $2,749
  • Assessed Improvements Value: $17,251

    Sales

  • Current Sale Contract Date: Dec 26, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6359
  • Previous Sale Recording Date: Oct 09, 2015
  • Previous Sale Contract Date: Oct 02, 2015
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: 27
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 Midlothian

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1187 ft²

Average Home Age

64.6 years

Currently For Sale

21 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 2821 W 147 Street, Posen, IL, 60469

$1,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2821 W 147 Street, Posen, IL, 60469 Listing by Whitney Simmons

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Tassone, DNV Solutions LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12026899
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 3848 153rd Place built and last sold?
The property at 3848 153rd Place was built in 1959 and last sold on Dec 26, 2023 for $115,000.
How much is this home worth?
The estimated value of the home located at 3848 153rd Place is $248,104.
What are some comparable homes to 3848 153rd Place?
There are currently no comparable homes to 3848 153rd Place.
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