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Gary 46409 Glen Park
4476 CONNECTICUT Street
$7,500
● House - Off Market

4476 CONNECTICUT Street

GARY, IL 46409
bedrooms
3 Beds
bathrooms
1 Bath
$22,321
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

SPACIOUS BRICK RANCH IN NEED OF REPAIRS. PROPERTY SOLD AS IS. PROOF OF FUNDS (IF CASH) OR LETTER FROM BANK/MTG. COMPANY REFLECTING MTG. COMMITMENT A MUST-NO EXCEPTIONS. ADDENDUMS REQUIRED - CAN BE ACCESSED VIA CONNECTMLS. EARNEST MONEY=CERTIFIED FUNDS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$138
HOA Dues
-
Year Built
1923

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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

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 4
  • Building Quality: 10
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,554
  • Garage Type: 4
  • Garage Square Area: 1,554
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 25

    Dimensions

  • Lot Size Square Feet: 6,316
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,108
  • Gross Building Area: 3,108
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROADWAY HEIGHTS
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 510
  • Legal Description 1: BROADWAY HEIGHTS L.20 BL.4 ALL L.21 BL.4

Neighborhood

  • School District Name: Gary Community School Corporation
  • Census Tract: 012600

Geography

  • Assessors Map Reference: MP J41-171 40
  • District: 0001
  • Parcel: 45-08-27-356-029.000-004
  • Block: 4
  • Lot: 20
  • Municipality: CALUMET TOWNSHIP
  • Latitude: 41.5372
  • Longitude: -87.3341

    Address

  • Full Address: 4476 Connecticut St
  • Address - House Number: 4476
  • Address - Street Name: Connecticut
  • Address - Suffix Type: St
  • State: IN
  • City Name: Gary
  • Carrier Code: C002
  • 4-Digit Zip Code: 2126
  • Zip Code: 46409

Valuation

    Tax

  • Total Area: 3,108
  • Tax Year: 2022
  • Tax Amount: $54,828
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2413
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 66
  • Final Value: 92,654
  • High Value: 115,019
  • Low Value: 70,288

    Market Valuation

  • Market Total Value: $22,700
  • Market Land Value: $6,900
  • Market Improvement Value: $15,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,700
  • Assessed Land Value: $6,900
  • Assessed Improvements Value: $15,800

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 535768
  • Previous Sale Recording Date: Mar 07, 2022
  • Previous Sale Contract Date: Oct 07, 2021
  • Previous Sale Amount: $500
  • Previous Sale Document Type: 52
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 Glen Park

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$126

Above Asking

0.00%

Average Days on Market

49

Average Home Size

1392 ft²

Average Home Age

71 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Bob O'Hara, RE/MAX Southeast
Data Source: MRED, MLS# MRD06730492
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 4476 Connecticut Street built and last sold?
The property at 4476 Connecticut Street was built in 1923 and last sold on Aug 26, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 4476 Connecticut Street is $12,120.
What are some comparable homes to 4476 Connecticut Street?
There are currently no comparable homes to 4476 Connecticut Street.
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