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Ingalls Park 60433
428 Burke Drive
$219,000
● House - Off Market

428 Burke Drive

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,136 Ft²
$1,076
Est. Monthly
14.65%
Cap Rate

About This Property

Welcome to this well-maintained one-level home located in a quiet and convenient neighborhood of Joliet. This cozy residence offers comfortable living with thoughtful updates throughout. Step inside to find a practical layout perfect for first-time buyers, downsizers, or anyone seeking single-story living.    Enjoy the outdoors with a spacious deck, ideal for entertaining or relaxing in the privacy of your fenced backyard. A detached garage provides ample storage and convenient off-street parking.    Recent mechanical updates give you peace of mind, including a new AC and furnace, plus a 2-year-old hot water heater, ensuring comfort and energy efficiency year-round.    Don't miss this opportunity to own a move-in ready home in a desirable area-schedule your showing today!
Unit Size
1,136 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
House
Property Taxes
$49
HOA Dues
-
Year Built
1957

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • 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: 8
  • Basement Area: 1,136
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,542
  • Total Building Area: 2,272
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAYMAY SUB
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 63 IN RAYMAY SUB 2ND ADDN, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC 13, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882300

Geography

  • Parcel: 30-07-13-311-004
  • Lot: 63
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5152
  • Longitude: -88.0353

    Address

  • Full Address: 428 Burke Dr
  • Address - House Number: 428
  • Address - Street Name: Burke
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C056
  • 4-Digit Zip Code: 2114
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $107,320
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 174,481
  • High Value: 199,252
  • Low Value: 149,710

    Market Valuation

  • Market Total Value: $125,835
  • Market Land Value: $27,174
  • Market Improvement Value: $98,661

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,945
  • Assessed Land Value: $9,058
  • Assessed Improvements Value: $32,887

    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 Ingalls Park

Stats & Trends

Median Asking:

$218,000

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1178 ft²

Average Home Age

83 years

Currently For Sale

2 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: Mary Derman, Keller Williams Preferred Rlty
Data Source: MRED, MLS# MRD12362657
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 428 Burke Drive built and last sold?
The property at 428 Burke Drive was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 428 Burke Drive is $212,740.
What are some comparable homes to 428 Burke Drive?
There are currently no comparable homes to 428 Burke Drive.
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