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Chicago 60629 West Elsdon
4053 W 56th Place
$225,000
● House - Off Market

4053 W 56th Place

Chicago, IL 60629
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,224 Ft²
$1,088
Est. Monthly
12.51%
Cap Rate

About This Property

Diamond in the rough!!    Solid brick. Main level features living & dining room. Upper level has 2 nice-sized bedrooms, full bath. Partially finished basemant. Lovely yard. 2 car garage. All it needs is a little TLC, Near all conveniences, bus, Orange Line, schools, shopping, etc.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
House
Property Taxes
$7
HOA Dues
-
Year Built
1947

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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 #11913037)

Price History

Date / Event Date Event Price
Dec 7, 2023 Sold
Premium
Sold
Oct 19, 2023 Listed by YUB Realty Inc $220,000
Listed by YUB Realty Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • 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: 12
  • Building Style: 63
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 400
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,224
  • Gross Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARLSONS SUB
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: ANDY (CARLSONS) SUB OF WH OF EH OF SH OF SH NE NE SEC 15-38-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 620300

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-15-215-024-0000
  • Lot: 9,8
  • Meridian: SEC 15 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7902
  • Longitude: -87.7252

    Address

  • Full Address: 4053 W 56th Pl
  • Address - House Number: 4053
  • Street Direction: W
  • Address - Street Name: 56th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C017
  • 4-Digit Zip Code: 4409
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,596
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 290,855
  • High Value: 357,269
  • Low Value: 224,441

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $50,000
  • Market Improvement Value: $160,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $16,000

    Sales

  • Current Sale Contract Date: Nov 07, 2023
  • Current Sale Recording Date: Dec 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6011
  • Previous Sale Recording Date: Jul 21, 1998
  • Previous Sale Contract Date: Jul 13, 1998
  • Previous Sale Amount: $50,000
  • 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

$241

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1057 ft²

Average Home Age

86.4 years

Currently For Sale

280 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 6404 S Lockwood Avenue, Chicago, IL, 60638

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
6404 S Lockwood Avenue, Chicago, IL, 60638 Listing by Brendaly Sarmiento
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: Elvia Torres, YUB Realty Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11913037
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 4053 West 56th Place built and last sold?
The property at 4053 West 56th Place was built in 1947 and last sold on Nov 7, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 4053 West 56th Place is $0.
What are some comparable homes to 4053 West 56th Place?
There are currently no comparable homes to 4053 West 56th Place.
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