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Fairmont 60441
406 North Avenue
$230,000
● House - Off Market

406 North Avenue

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
1 Bath
square feet
748 Ft²
$1,246
Est. Monthly
13.28%
Cap Rate

About This Property

Welcome home to this tastefully renovated ranch home. The home offers a spacious kitchen that boasts a nice size breakfast bar & newer cabinetry with granite countertops plus appliances, The Living room is spacious, The bathroom was recently remodeled, most of the windows have been replaced,there is a 1 1/2 car detached garage and a BIG backyard. Taxes are Low and the location is only minutes to schools & shopping. Cal, Today! Will not last!
Unit Size
748 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$294
Property Type
House
Property Taxes
$166
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: 2 years ago (MRED MLS #12217927)

Price History

Date / Event Date Event Price
Mar 17, 2025 Sold
Premium
Sold
Dec 13, 2024 In contract -
In contract
Nov 27, 2024 Listed by Century 21 Circle - Aurora $220,000
Listed by Century 21 Circle - Aurora

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: 8,238
  • 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: BRUCE HIGHLANDS
  • Land Acres: 0000000190
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 32 IN BRUCE HIGHLANDS SUB, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 IN SEC 35, T36N-R10E

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880702

Geography

  • Parcel: 11-04-35-107-004
  • Lot: 32
  • Meridian: SEC 35 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.564
  • Longitude: -88.0603

    Address

  • Full Address: 406 North Ave
  • Address - House Number: 406
  • Address - Street Name: North
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lockport
  • Carrier Code: C002
  • 4-Digit Zip Code: 4918
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $173,774
  • Tax Rate Code Area: 1109

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 95,325
  • High Value: 106,298
  • Low Value: 84,351

    Market Valuation

  • Market Total Value: $57,600
  • Market Land Value: $13,860
  • Market Improvement Value: $43,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $19,200
  • Assessed Land Value: $4,620
  • Assessed Improvements Value: $14,580
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 Fairmont

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1328 ft²

Average Home Age

50.3 years

Currently For Sale

3 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: Martha Corral, Century 21 Circle - Aurora
Last Updated: 2 years ago
Data Source: MRED, MLS# 12217927
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 406 North Avenue built and last sold?
The property at 406 North Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 406 North Avenue is $0.
What are some comparable homes to 406 North Avenue?
There are currently no comparable homes to 406 North Avenue.
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