$335,000
●
House -
Off Market
4622 W Patterson Avenue
Chicago, IL 60641
2 Beds
1 Bath
1,000 Ft²
$2,005
Est. Monthly
5.43%
Cap Rate
About This Property
Welcome home a very nice, 2-bedroom home situated in a secluded
area lined with trees and newly constructed homes! Area is going
through major gentrification. This home is cute, cozy and quaint!
Walk into a spacious living room and dining room. The home
then opens up to a functional kitchen that opens to a large rear
deck overlooking a large yard. Both bedrooms are spacious
with ample closet space. Then, utilize the finished basement
for additional living space. Enjoy a large rear yard and further
take advantage of a large, 2-car detached garage. Home has a newer
roof and furnace. Close to schools, shopping and
transportation. Show and sell. Owner prefers a 60-day closing
with possible rent back for 30 days if possible. Any
questions, concerns or offers please contact: Norbert Mika
NOT Matthew Mika.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$335
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1957
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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.
Last updated: 3 years ago (MRED MLS #12101450)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 2, 2024 | Listed by Compass | $335,000 | |
| Listed by Compass | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2024 | Listed by Compass | $309,900 | |
| Listed by Compass | |||
| | |||
|
Welcome home a very nice, 2-bedroom home situated in a secluded area lined with trees and newly constructed homes! Area is going through major gentrification. This home is cute, cozy and quaint! Walk into a spacious living room and dining room. The home then opens up to a functional kitchen that opens to a large rear deck overlooking a large yard. Both bedrooms are spacious with ample closet space. Then, utilize the finished basement for additional living space. Enjoy a large rear yard and further take advantage of a large, 2-car detached garage. Home has a newer roof and furnace. Close to schools, shopping and transportation. Show and sell. Owner prefers a 60-day closing with possible rent back for 30 days if possible. Any questions, concerns or offers please contact: Norbert Mika NOT Matthew Mika.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northwest Side
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Listed by: Matthew Mika, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 12101450
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12101450
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