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Chicago 60629 West Elsdon
3928 W 56th Street
$265,000
● House - Off Market

3928 W 56th Street

Chicago, IL 60629
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,125 Ft²
$300,828
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Full brick raised ranch. Original heated hardwood floors throughout, and beautiful laminated kitchen floor. three good size bedrooms in the main level plus one in the Lower level with plenty of windows with natural sun light with full bathroom and sump pump.  This house offers a large 2 car garage, plus extra side space. Nice Backyard with beautiful apple tree for family gathering. At this price it won't last long!!!
Unit Size
1,125 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$236
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1961

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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 #11164064)

Price History

Date / Event Date Event Price
Sep 8, 2021 Sold
Premium
Sold
Aug 3, 2021 Listed by Coldwell Banker Realty $265,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,630
  • Total Building Area: 1,117
  • Gross Building Area: 1,117
  • Building Area: 1,117
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,117
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JAMES H CAMPBELLS ADDITION
  • Land Acres: 0000000083
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 620400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-14-104-078-0000
  • Meridian: SEC 14 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7916
  • Longitude: -87.7218

    Address

  • Full Address: 3928 W 56th St
  • Address - House Number: 3928
  • Street Direction: W
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C026
  • 4-Digit Zip Code: 4404
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $393,016
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 298,178
  • High Value: 361,839
  • Low Value: 234,516

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $36,300
  • Market Improvement Value: $153,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $3,630
  • Assessed Improvements Value: $15,370

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2125212452
  • Previous Sale Recording Date: Nov 16, 2018
  • Previous Sale Contract Date: Nov 08, 2018
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Southwest Side

Stats & Trends

Median Asking:

$369,000

Sale Price/ft²

$239

Above Asking

54.56%

Average Days on Market

48

Average Home Size

1092 ft²

Average Home Age

81.8 years

Currently For Sale

281 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 6848 S Keeler Avenue, Chicago, IL, 60629

$2,200 /mo

  • 3 Beds
  • 1 Bath
6848 S Keeler Avenue, Chicago, IL, 60629 Listing by Oscar Campos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Manuel Pineda, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11164064
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 3928 West 56th Street built and last sold?
The property at 3928 West 56th Street was built in 1961 and last sold on Sep 8, 2021 for $265,000.
How much is this home worth?
The estimated value of the home located at 3928 West 56th Street is $0.
What are some comparable homes to 3928 West 56th Street?
There are currently no comparable homes to 3928 West 56th Street.
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