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Park Forest 60466
427 NIAGARA Street
$154,900
● House - Off Market

427 NIAGARA Street

PARK FOREST, IL 60466
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,700 Ft²
$315,476
RealtyHop Estimate
103.66%
Since Dec 1, 2008
National-US
Primary Model

About This Property

Newer euro style kitchen w/breakfast bar & recess lighting, pedestal sink baths, a spiral staircase to a master bedroom suite w/volume ceiling, hardwood floor, free standing fireplace, balcony & a skylight lit master bath. A hardwood floor familyroom w/fireplace with french doors that lead to a paver brick patio and covered deck w/hot tub in a privacy fenced yard. This is a real sleeper!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$91
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1954

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,450
  • Garage Type: 4
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,494
  • Building Area: 2,044
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,044
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE VILLAGE OF PARK FOREST AREA #6
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 BLOCK 5 IN THE VILLAGE OF PARK FOREST AREA 6, BEING A SUB OF PRT OF THE NE1/4 OF SEC 2 THE NW1/4 OF SEC 1,T34N-R13E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883603

Geography

  • Parcel: 21-14-01-102-002
  • Block: 5
  • Lot: 16
  • Meridian: SEC 01 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4689
  • Longitude: -87.6882

    Address

  • Full Address: 427 Niagara St
  • Address - House Number: 427
  • Address - Street Name: Niagara
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C008
  • 4-Digit Zip Code: 2543
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $808,914
  • Tax Rate Code Area: 2102

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 67
  • Final Value: 211,854
  • High Value: 261,353
  • Low Value: 162,355

    Market Valuation

  • Market Total Value: $117,807
  • Market Land Value: $21,660
  • Market Improvement Value: $96,147

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,269
  • Assessed Land Value: $7,220
  • Assessed Improvements Value: $32,049

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: May 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 38128
  • Previous Sale Recording Date: Dec 31, 2019
  • Previous Sale Contract Date: Dec 12, 2019
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 68
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:

$166,000

Sale Price/ft²

$129

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1457 ft²

Average Home Age

70.3 years

Currently For Sale

130 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 188 Nanti Street, Park Forest, IL, 60466

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,092 ft²
188 Nanti Street, Park Forest, IL, 60466 Listing by Payton Jeffers
Unit for rent at 4032 216th Street, Matteson, IL, 60443

$1,825 /mo

  • 2 Beds
  • 1 Bath
  • 1,267 ft²
4032 216th Street #1W, Matteson, IL, 60443 Listing by Olga Kaminska
Unit for rent at 471 Tomahawk Street, Park Forest, IL, 60466

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
471 Tomahawk Street, Park Forest, IL, 60466 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jim Rossi, RE/MAX 2000
Data Source: MRED, MLS# MRD06717329
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 427 Niagara Street built and last sold?
The property at 427 Niagara Street was built in 1954 and last sold on Apr 29, 2022 for $203,000.
How much is this home worth?
The estimated value of the home located at 427 Niagara Street is $204,095.
What are some comparable homes to 427 Niagara Street?
There are currently no comparable homes to 427 Niagara Street.
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