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Chicago 60629 West Lawn
3928 W 61st Place
$47,000
● Land - Off Market

3928 W 61st Place

Chicago, IL 60629
bedrooms
Studio
bathrooms
0 Bath
$69,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Can't find the home of your dreams? Looking for your next investment? It's time to build! This is a prime location to build your dream home!!! This amazing lot comes with the APPROVED architectural plans for a single family home, APPROVED permits and APPROVED city zoning! Are you a developer? Come check out the opportunity! New constructions homes nearby are selling for over $500k! Think of the profit! This beauty sits in a great location with room to roam near shopping centers, restaurants and much, much more! Don't miss out! Seller has invested tens of thousands to get this lot ready. Opportunity of a lifetime.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$59
HOA Dues
-
Year Built
-

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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 #11850729)

Price History

Date / Event Date Event Price
Nov 10, 2023 Sold
Premium
Sold
Aug 21, 2023 Listed by Duarte Realty Company $69,900
Listed by Duarte Realty Company

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EBERHART
  • Land Acres: 0000000720
  • Standard Land Use Code: 1000
  • County Land Use Code: 2-01

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 660500

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-14-316-033-0000
  • Block: 2
  • Lot: 36
  • Meridian: SEC 14 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7818
  • Longitude: -87.7216

    Address

  • Full Address: 3928 W 61st Pl
  • Address - House Number: 3928
  • Street Direction: W
  • Address - Street Name: 61st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $71,989
  • Tax Rate Code Area: 72001

    Appraisal Valuation

  • Standard Deviation: 0.2447
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 60,769
  • High Value: 75,641
  • Low Value: 45,898

    Market Valuation

  • Market Total Value: $35,000
  • Market Land Value: $31,250
  • Market Improvement Value: $3,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,500
  • Assessed Land Value: $3,125
  • Assessed Improvements Value: $375

    Sales

  • Current Sale Contract Date: Nov 10, 2023
  • Current Sale Recording Date: Nov 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33086
  • Previous Sale Recording Date: Oct 21, 2020
  • Previous Sale Contract Date: Sep 01, 2020
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71
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:

$368,000

Sale Price/ft²

$240

Above Asking

54.43%

Average Days on Market

48

Average Home Size

1014 ft²

Average Home Age

85.7 years

Currently For Sale

291 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

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MRED

Listed by: Josue Duarte, Duarte Realty Company
Last Updated: 3 years ago
Data Source: MRED, MLS# 11850729
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 61st Place built and last sold?
The property at 3928 West 61st Place was built in and last sold on Nov 10, 2023 for $47,000.
How much is this home worth?
The estimated value of the home located at 3928 West 61st Place is $0.
What are some comparable homes to 3928 West 61st Place?
There are currently no comparable homes to 3928 West 61st Place.
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