10
Map
3853 Chicago Avenue
About This Property
The tract fronts Chicago Avenue and is bisected by Lacy Lane, an unimproved lane with existing power poles running the length of the property. Terrain is wooded in a mix of pine and hardwood, with a partially cleared understory in places. An older mobile home in disrepair sits on the property; it holds no value and would need to be removed. Located in FEMA Flood Zone X.
Mixed Use zoning allows for a range of residential and commercial uses; buyer to verify specific permitted uses, setbacks, and availability/cost of water and sewer connections with the City of Laurel Hill.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Listed by Coldwell Banker Realty | $140,000 | |
| Listed by Coldwell Banker Realty | |||
| Dec 10, 2018 | Sold | ||
| Sold | |||
| Sep 14, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed by Coldwell Banker Realty | $29,900 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017