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Alsip 60803 Alsip
4638 W 116th Place
$300,000
● House - Off Market

4638 W 116th Place

Alsip, IL 60803
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,190 Ft²
$1,836
Est. Monthly
7.28%
Cap Rate

About This Property

This well-maintained 4-bedroom, 2-bath Ranch-style home has many attractive features.  It has a freshly painted interior, a modern kitchen with Stainless Steel appliances, gleaming hardwood floors throughout, a composite deck and ramp, and a spacious finished basement with 2 additional bedrooms and a dry bar. Updated Anderson windows, added insulation for comfort, 6-panel doors, newer mechanicals, and roof enhance the home's appeal. Total finished square footage including basement is 2200! Perfectly situated within walking distance to schools and the community pool, and nestled in a great park district.
Unit Size
1,190 Ft²
Days on Market
-
Land Size
-
Price per sqft
$244
Property Type
House
Property Taxes
$412
HOA Dues
-
Year Built
1958

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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 #12104340)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Jul 29, 2024 In contract -
In contract
Jul 20, 2024 Listed by Century 21 Circle $289,900
Listed by Century 21 Circle

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • 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: 12
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,221
  • Total Building Area: 1,190
  • Gross Building Area: 1,190
  • Building Area: 1,190
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,190
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOME CRAFT
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HOME)(CRAFT) SUB OF NE SW & PT LYING E OF CALUMET FE EDER OF WH SW OF SW SEC 22-37-13

Neighborhood

  • School District Name: Alsip-Hazelgreen-Oaklawn School District 126
  • Census Tract: 823303

Geography

  • District: 39
  • Parcel: 24-22-329-020-0000
  • Lot: 197
  • Meridian: SEC 22 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.6807
  • Longitude: -87.7346

    Address

  • Full Address: 4638 W 116th Pl
  • Address - House Number: 4638
  • Street Direction: W
  • Address - Street Name: 116th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Alsip
  • Carrier Code: C045
  • 4-Digit Zip Code: 2251
  • Zip Code: 60803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $456,041
  • Tax Rate Code Area: 39037

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 271,455
  • High Value: 338,991
  • Low Value: 203,920

    Market Valuation

  • Market Total Value: $193,580
  • Market Land Value: $35,770
  • Market Improvement Value: $157,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,358
  • Assessed Land Value: $3,577
  • Assessed Improvements Value: $15,781

    Sales

  • Current Sale Contract Date: May 29, 2015
  • Current Sale Recording Date: Jun 08, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1515957080

    Financing

  • First Mortgage Financing Type: UNK
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 Alsip

Stats & Trends

Median Asking:

$267,450

Sale Price/ft²

$196

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1268 ft²

Average Home Age

48.6 years

Currently For Sale

35 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

Rentals Near You

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MRED

Listed by: Laura LePage, Century 21 Circle
Last Updated: 3 years ago
Data Source: MRED, MLS# 12104340
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 4638 West 116th Place built and last sold?
The property at 4638 West 116th Place was built in 1958 and last sold on May 29, 2015 for $178,000.
How much is this home worth?
The estimated value of the home located at 4638 West 116th Place is $292,604.
What are some comparable homes to 4638 West 116th Place?
There are currently no comparable homes to 4638 West 116th Place.
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