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Alsip 60803 Alsip
4227 W 118th Place
$117,000
● House - Off Market

4227 W 118th Place

ALSIP, IL 60803
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$205,276
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Lovely, maintenance-free, spacious 3 bedroom ranch with NO stairs!  3 large bedrooms with main level family room, which could be used as a 4th bedroom.  Huge, open living room / kitchen creates open design pattern. Large, fully fenced yard with pool and large, elevated deck for summer entertaining. Large, adjacent covered carport. Leaving all appliances. 1 year warranty. Buy with confidence. Easily shown.   SHOWS VERY WELL!
Unit Size
1,296 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
1966

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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.

Last updated: 3 years ago (MRED MLS #09362567)

Price History

Date / Event Date Event Price
Apr 26, 2017 Sold
Premium
Sold
Oct 8, 2016 Listed by Rossi Realty, Inc. $125,900
Listed by Rossi Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,403
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOURTH ADD TO LINE CREST
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FOURTH) ADD TO (LINE) (CREST) MANOR SUB OF PT OF SE SEC 22-37-13

Neighborhood

  • School District Name: Alsip-Hazelgreen-Oaklawn School District 126
  • Census Tract: 823303

Geography

  • District: 39
  • Parcel: 24-22-429-009-0000
  • Lot: 98
  • Meridian: SEC 22 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.677
  • Longitude: -87.7241

    Address

  • Full Address: 4227 W 118th Pl
  • Address - House Number: 4227
  • Street Direction: W
  • Address - Street Name: 118th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Alsip
  • Carrier Code: C034
  • 4-Digit Zip Code: 2150
  • Zip Code: 60803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $651,848
  • Tax Rate Code Area: 39037

    Appraisal Valuation

  • Standard Deviation: 0.258
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 247,792
  • High Value: 311,734
  • Low Value: 183,850

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $48,320
  • Market Improvement Value: $151,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $4,832
  • Assessed Improvements Value: $15,168

    Sales

  • Current Sale Contract Date: Apr 26, 2017
  • Current Sale Recording Date: May 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1712208156
  • Previous Sale Recording Date: Apr 07, 2010
  • Previous Sale Contract Date: Mar 29, 2010
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: 27

    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 Alsip

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$196

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1319 ft²

Average Home Age

47.8 years

Currently For Sale

37 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: , Rossi Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09362567
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 4227 West 118th Place built and last sold?
The property at 4227 West 118th Place was built in 1966 and last sold on Apr 26, 2017 for $117,000.
How much is this home worth?
The estimated value of the home located at 4227 West 118th Place is $0.
What are some comparable homes to 4227 West 118th Place?
There are currently no comparable homes to 4227 West 118th Place.
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