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Park Forest 60466
445 Tomahawk Street
$82,000
● House - Off Market

445 Tomahawk Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$83,688
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

POTENTIAL - INVESTORS - FLIPPERS - CONTRACTORS - POTENTIAL!  3 bed + 1 bath Single Family Ranch in nice Park Forest neighborhood.  Great potential for Rental Property or Fix n' Flip.  Needs some renovation to make it great but it's a solid home.  This is not a bank sale or foreclosure, but rather a sale direct from the seller. Easy to sell, and vacant and easy to show.  Please inspect prior to submitting an offer since we are selling "as-is".  Buyer responsible for village inspection and/or repairs. No Survey. Great opportunity at this price.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
-
Price per sqft
$77
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1953

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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 #11887952)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Sep 21, 2023 Listed by Keller Williams ONEChicago $84,000
Listed by Keller Williams ONEChicago

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,161
  • Total Building Area: 2,184
  • 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: VILLAGE OF PARK FOREST AREA #9
  • Land Acres: 0000000160
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 BLOCK 25 IN VILLAGE OF PARK FOREST AREA 9, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 2 THE NW1/4 OF SEC. 1,

Neighborhood

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

Geography

  • Parcel: 21-14-02-211-007
  • Block: 25
  • Lot: 6
  • Meridian: SEC 01 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4668
  • Longitude: -87.6994

    Address

  • Full Address: 445 Tomahawk St
  • Address - House Number: 445
  • Address - Street Name: Tomahawk
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2438
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $619,546
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2102

    Appraisal Valuation

  • Standard Deviation: 0.0867
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 92
  • Final Value: 82,436
  • High Value: 89,585
  • Low Value: 75,288

    Market Valuation

  • Market Total Value: $90,228
  • Market Land Value: $21,840
  • Market Improvement Value: $68,388

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,076
  • Assessed Land Value: $7,280
  • Assessed Improvements Value: $22,796

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Oct 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56294
  • Previous Sale Recording Date: Sep 05, 2023
  • Previous Sale Contract Date: Jun 26, 2023
  • Previous Sale Amount: $40,870
  • Previous Sale Document Type: 71
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

1470 ft²

Average Home Age

70.7 years

Currently For Sale

128 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 5044 Brighton Lane, Richton Park, IL, 60471

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
5044 Brighton Lane, Richton Park, IL, 60471 Listing by Dominique Lowery

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tommy Choi, Keller Williams ONEChicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11887952
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 445 Tomahawk Street built and last sold?
The property at 445 Tomahawk Street was built in 1953 and last sold on Oct 18, 2023 for $82,000.
How much is this home worth?
The estimated value of the home located at 445 Tomahawk Street is $0.
What are some comparable homes to 445 Tomahawk Street?
There are currently no comparable homes to 445 Tomahawk Street.
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