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Crestwood 60445
4424 Midlothian Turnpike
$350,000
● Land - Off Market

4424 Midlothian Turnpike

Crestwood, IL 60418
bedrooms
Studio
bathrooms
0 Bath
$2,570
Est. Monthly
4.84%
Cap Rate

About This Property

Unlock the possibilities with this unique property, offering a blend of existing structures and untapped potential. Zoned for light industrial use, this site is ready to accommodate your vision-whether it's a fresh start or a complete transformation. Multiple PINs included, offering flexibility and scalability for your plans. This property could be the start of your next big project or a blank canvas for redevelopment. Whether you're considering a teardown or repurposing the existing structures, the potential is yours to explore. Note: Due diligence is required to fully understand the scope and opportunities this property offers. Don't miss this chance to bring your vision to life in a prime light industrial zone.
Unit Size
-
Days on Market
-
Land Size
0.71 acres
Price per sqft
-
Property Type
Land
Property Taxes
$605
HOA Dues
-
Year Built
1978

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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

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • 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: 3,900
  • Lot Size Depth Feet: 2,420
  • Lot Size Frontage Feet: 780
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Subdivision: MCINTOSH BLUE ISLAND
  • Land Acres: 0000000900
  • Standard Land Use Code: 9000
  • County Land Use Code: EX
  • Legal Description 1: ARTHUR T (MCINTOSH) (BLUE) (ISLAND) FARM SUB SEC 03-36-13

Neighborhood

  • School District Name: Community High School District 218
  • Census Tract: 824400

Geography

  • District: 13
  • Parcel: 28-03-307-007-0000
  • Lot: 14
  • Meridian: SEC 03 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.64
  • Longitude: -87.7296

    Address

  • Full Address: 4424 Midlothian Tpke
  • Address - House Number: 4424
  • Address - Street Name: Midlothian
  • Address - Suffix Type: Tpke
  • State: IL
  • City Name: Crestwood
  • Carrier Code: C011
  • 4-Digit Zip Code: 1917
  • Zip Code: 60418

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $996,870
  • Tax Rate Code Area: 13034

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: Sep 19, 2016
  • Current Sale Recording Date: Oct 06, 2016
  • Current Sale Document Type: 52
  • Current Sale Input Document Number: 1628045020
  • Previous Sale Recording Date: Sep 27, 1994
  • Previous Sale Contract Date: Dec 29, 1992
  • Previous Sale Document Type: 69
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 Crestwood

Stats & Trends

Median Asking:

$200,000

Sale Price/ft²

$175

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1272 ft²

Average Home Age

40.3 years

Currently For Sale

25 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: Mike McCatty, Century 21 Circle
Data Source: MRED, MLS# MRD12478384
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 4424 Midlothian Turnpike built and last sold?
The property at 4424 Midlothian Turnpike was built in 1978 and last sold on Sep 19, 2016 for $0.
How much is this home worth?
The estimated value of the home located at 4424 Midlothian Turnpike is $0.
What are some comparable homes to 4424 Midlothian Turnpike?
There are currently no comparable homes to 4424 Midlothian Turnpike.
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