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Lyons 60534
4003 CENTER Avenue
$255,000
● House - Off Market

4003 CENTER Avenue

Lyons, IL 60534
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,048 Ft²
$1,598
Est. Monthly
8.30%
Cap Rate

About This Property

Why rent when you can own? Low taxes and priced to sell! Welcome to this 3-bedroom, 1-bath home situated on a rare oversized lot! This home has been updated with many recent upgrades, including a newer furnace, refrigerator, stove, microwave, washer, dryer, siding, windows, roof, and driveway. With these major updates already taken care of, all that's left is for you to add your personal touches and make this house your next home
Unit Size
1,048 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$239
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1888

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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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,049
  • Total Building Area: 1,048
  • Gross Building Area: 1,048
  • Building Area: 1,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,048
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GAGES SUB
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: DAVID A (GAGES) SUB SEC 01-38-12

Neighborhood

  • School District Name: Lyons School District 103
  • Census Tract: 819100

Geography

  • District: 21
  • Parcel: 18-01-105-047-0000
  • Lot: 37
  • Meridian: SEC 01 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.8188
  • Longitude: -87.8162

    Address

  • Full Address: 4003 Center Ave
  • Address - House Number: 4003
  • Address - Street Name: Center
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lyons
  • Carrier Code: C007
  • 4-Digit Zip Code: 1315
  • Zip Code: 60534

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $277,187
  • Tax Rate Code Area: 21049

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 159,289
  • High Value: 199,990
  • Low Value: 118,587

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $63,530
  • Market Improvement Value: $116,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $6,353
  • Assessed Improvements Value: $11,647

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2118922013
  • Previous Sale Recording Date: Sep 16, 2015
  • Previous Sale Contract Date: Sep 01, 2015
  • Previous Sale Amount: $109,000
  • 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 Lyons

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1752 ft²

Average Home Age

75.5 years

Currently For Sale

15 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 3014 Harlem Avenue, IL, 60546

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
3014 Harlem Avenue #1, IL, 60546 Listing by Angela Walker

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Cashman, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12309614
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 4003 Center Avenue built and last sold?
The property at 4003 Center Avenue was built in 1888 and last sold on Feb 26, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 4003 Center Avenue is $251,575.
What are some comparable homes to 4003 Center Avenue?
There are currently no comparable homes to 4003 Center Avenue.
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