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Park Forest 60466
461 SHABBONA Drive
$76,000
● House - Off Market

461 SHABBONA Drive

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,095 Ft²
$78,706
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
1,095 Ft²
Days on Market
-
Land Size
-
Price per sqft
$72
Property Type
House
Property Taxes
$631
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.

Last updated: 3 years ago (MRED MLS #11887947)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Sep 21, 2023 Listed by Keller Williams ONEChicago $79,000
Listed by Keller Williams ONEChicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,650
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • 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 AREA8
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (VILLAGE) OF PARK (FOREST) (AREA8) SUB OF PT SOUTH & WEST OF AREA5, EX S20FT OF E1385.38FT &EX ETC., IN SE SEC 35-35-13

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830400

Geography

  • District: 32
  • Parcel: 31-35-420-001-0000
  • Block: 77
  • Lot: 5
  • Meridian: SEC 35 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4707
  • Longitude: -87.6986

    Address

  • Full Address: 461 Shabbona Dr
  • Address - House Number: 461
  • Address - Street Name: Shabbona
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 2255
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $772,114
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 128,765
  • High Value: 158,167
  • Low Value: 99,363

    Market Valuation

  • Market Total Value: $120,010
  • Market Land Value: $26,780
  • Market Improvement Value: $93,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,001
  • Assessed Land Value: $2,678
  • Assessed Improvements Value: $9,323

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6118
  • Previous Sale Recording Date: Sep 06, 2023
  • Previous Sale Contract Date: Jun 26, 2023
  • Previous Sale Amount: $41,000
  • 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:

$165,000

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

126 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 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
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
Unit for rent at 101 Shabbona Drive, Park Forest, IL, 60466

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,092 ft²
101 Shabbona Drive, Park Forest, IL, 60466 Listing by Kierra Craig

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# 11887947
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 461 Shabbona Drive built and last sold?
The property at 461 Shabbona Drive was built in 1954 and last sold on Oct 18, 2023 for $76,000.
How much is this home worth?
The estimated value of the home located at 461 Shabbona Drive is $83,292.
What are some comparable homes to 461 Shabbona Drive?
There are currently no comparable homes to 461 Shabbona Drive.
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