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Crete 60417
423 Crete Boulevard
$205,000
● House - Off Market

423 Crete Boulevard

Crete, IL 60417
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,092 Ft²
$1,307
Est. Monthly
9.76%
Cap Rate

About This Property

Well maintained 3 bedroom 1.5 bath ranch home in historic downtown Crete.  Featuring a 2-car attached garage, an outdoor shed and a large private yard that backs up to a wooded area. Huge full finished basement with a bar area, perfect for entertaining. Home equipped with a whole house Generac generator. Upgrades include newer windows, gutters, roof and A/C unit.  Main level carpet can be removed to expose gorgeous hard wood flooring. Home being sold as is. Don't miss this one!
Unit Size
1,092 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
1965

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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 #12068543)

Price History

Date / Event Date Event Price
Jul 5, 2024 Sold
Premium
Sold
May 29, 2024 Listed by RE/MAX 10 $199,900
Listed by RE/MAX 10

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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 Count: 100
  • 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: 8,403
  • Total Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CIENKUS SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 7 IN CIENKUS SUB, THE W 158 FT OF LOT 7 IN SCHOOL TRUSTEE SUB, BEING A SUB OF PRT OF THE NW1/4 OF SEC 16, T34N-R14E

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883811

Geography

  • Parcel: 23-15-16-118-007
  • Lot: 7
  • Meridian: SEC 16 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4374
  • Longitude: -87.628

    Address

  • Full Address: 423 Crete Blvd
  • Address - House Number: 423
  • Address - Street Name: Crete
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Crete
  • Carrier Code: C004
  • 4-Digit Zip Code: 3113
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $389,868
  • Tax Rate Code Area: 2305

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 181,670
  • High Value: 207,462
  • Low Value: 155,879

    Market Valuation

  • Market Total Value: $132,912
  • Market Land Value: $25,200
  • Market Improvement Value: $107,712

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,304
  • Assessed Land Value: $8,400
  • Assessed Improvements Value: $35,904

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Crete

Stats & Trends

Median Asking:

$298,000

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2172 ft²

Average Home Age

67.5 years

Currently For Sale

32 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: Kristina Bruns, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 12068543
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 423 Crete Boulevard built and last sold?
The property at 423 Crete Boulevard was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 423 Crete Boulevard is $0.
What are some comparable homes to 423 Crete Boulevard?
There are currently no comparable homes to 423 Crete Boulevard.
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