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Hometown 60456 Hometown
4615 W 88th Place
$245,000
● House - Off Market

4615 W 88th Place

Hometown, IL 60456
bedrooms
3 Beds
bathrooms
1 Bath
square feet
950 Ft²
$1,261
Est. Monthly
9.62%
Cap Rate

About This Property

Welcome home! Move in ready, no work/updates needed! This 3 bed, 1 bath home is immaculate and ready for you to call it home. The main entrance leads you into the sun-filled living room with a floor-to-ceiling picture window. Continue on to the kitchen where you'll find a SS oven, dishwasher, and microwave. Each bedroom is plenty spacious and boasts loads of natural light along with ample closet space. Many recent updates include: house roof (2024), siding (2024), gutters (2024), garage roof (2019), back deck (2024), furnace (2019), A/C (2019), hot water heater (2019), refrigerator (2019), 100 AMP Electric service (2023), attic insulation (2019), crawl space insulation (2019). All personal property in the house is negotiable/available. Very low taxes! This home is being sold As-Is.
Unit Size
950 Ft²
Days on Market
-
Land Size
-
Price per sqft
$247
Property Type
House
Property Taxes
$107
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 10
  • Exterior Walls Type: 17
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,096
  • Total Building Area: 926
  • Gross Building Area: 926
  • Building Area: 926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 926
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J E MERRION & COS HOMETOWN 05
  • Land Acres: 0000000117
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-10

Neighborhood

  • School District Name: Oak Lawn-Hometown School District 123
  • Census Tract: 822000

Geography

  • District: 39
  • Parcel: 24-03-128-054-0000
  • Lot: 1248
  • Meridian: SEC 03 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.731
  • Longitude: -87.7374

    Address

  • Full Address: 4615 W 88th Pl
  • Address - House Number: 4615
  • Street Direction: W
  • Address - Street Name: 88th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Hometown
  • Carrier Code: C083
  • 4-Digit Zip Code: 1031
  • Zip Code: 60456

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $165,712
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 39048

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 197,937
  • High Value: 250,406
  • Low Value: 145,468

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $30,580
  • Market Improvement Value: $129,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $3,058
  • Assessed Improvements Value: $12,942

    Sales

  • Current Sale Contract Date: Aug 08, 2006
  • Current Sale Recording Date: Sep 01, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0624446108
  • Previous Sale Recording Date: May 21, 2003
  • Previous Sale Contract Date: May 01, 2003
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 4
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 Hometown

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$231

Above Asking

0.00%

Average Days on Market

52

Average Home Size

1093 ft²

Average Home Age

73.8 years

Currently For Sale

13 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 5721 Circle Drive, Oak Lawn, IL, 60453

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
5721 Circle Drive #304, Oak Lawn, IL, 60453 Listing by Aaron Gaines

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jonathan Darin, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12324848
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 4615 West 88th Place built and last sold?
The property at 4615 West 88th Place was built in 1953 and last sold on Aug 8, 2006 for $178,000.
How much is this home worth?
The estimated value of the home located at 4615 West 88th Place is $0.
What are some comparable homes to 4615 West 88th Place?
There are currently no comparable homes to 4615 West 88th Place.
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