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Park Forest 60466
417 Shabbona Drive
$82,000
● House - Off Market

417 Shabbona Drive

Park Forest, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
square feet
949 Ft²
$1,064
Est. Monthly
15.45%
Cap Rate

About This Property

The property here is a beautiful brick ranch house with a side drive leading to a 2.5 car garage.  The property has 2 beds, 1 bath.  The home has a few year old roof.  Home has a spacious backyard, and is a great location in Park Forest.  The home is being sold in "AS IS" Condition and the buyer will have to assume all village compliance issues.  Come check out this wonderful home today and see for yourself the potential it has.  Bring all offers and make this a must see home today! My seller has multiple offers and is requesting highest and best due by Wednesday at 5pm.  Please submit your client's best offer by then.
Unit Size
949 Ft²
Days on Market
-
Land Size
-
Price per sqft
$84
Property Type
House
Property Taxes
$671
HOA Dues
-
Year Built
1952

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 7,659
  • Total Building Area: 949
  • Gross Building Area: 949
  • Building Area: 949
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 949
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF PARK FOREST AREA5 SUB O
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: EAST2 SEC35 W2 S35 T35N R13E 3P

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830400

Geography

  • District: 32
  • Parcel: 31-35-411-004-0000
  • Block: 73
  • Lot: 51
  • Meridian: SEC 35 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4748
  • Longitude: -87.6997

    Address

  • Full Address: 417 Shabbona Dr
  • Address - House Number: 417
  • Address - Street Name: Shabbona
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 2251
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $744,427
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 122,159
  • High Value: 154,529
  • Low Value: 89,789

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $26,810
  • Market Improvement Value: $83,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $2,681
  • Assessed Improvements Value: $8,319

    Sales

  • Current Sale Contract Date: Oct 22, 2008
  • Current Sale Recording Date: Nov 14, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 0831942066
  • Previous Sale Recording Date: Nov 14, 2008
  • Previous Sale Contract Date: Jun 20, 2008
  • Previous Sale Document Type: 42
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 Park Forest

Stats & Trends

Median Asking:

$169,000

Sale Price/ft²

$132

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1383 ft²

Average Home Age

70.5 years

Currently For Sale

124 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: Otis Lazich, Capital Investment Realty Group Inc
Data Source: MRED, MLS# MRD12398851
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 417 Shabbona Drive built and last sold?
The property at 417 Shabbona Drive was built in 1952 and last sold on Oct 22, 2008 for $47,500.
How much is this home worth?
The estimated value of the home located at 417 Shabbona Drive is $82,542.
What are some comparable homes to 417 Shabbona Drive?
There are currently no comparable homes to 417 Shabbona Drive.
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