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Crestwood 60445
4657 Midlothian Turnpike
$245,000
● House - Off Market

4657 Midlothian Turnpike

Crestwood, IL 60418
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,300 Ft²
$1,479
Est. Monthly
7.44%
Cap Rate

About This Property

CRESTWOOD RANCH HOME ON A CORNER LOT. THIS 3 BEDROOM HOME HAS A NICE LAYOUT. THE MASTER ON ONE SIDE AND OTHER 2 BEDROOMS ON THE OTHER SIDE. THE MASTER SUITE HAS A HALF BATH AND EQUIPPED WITH A CEILING FAN. FRONT LIVING ROOM FEATURES A DIRECT VENT FIREPLACE FOR EXTRA COZINESS AND OPENS UP TO THE DINING ROOM AND EAT-IN KITCHEN. WOOD LAMINTE FLOORING IS ABOUT 5 YEARS OLD FLOWING THROUGHOUT MOST OF THE HOME. KITCHEN AREA IS ENHANCED WITH A CENTER ISLAND BREAKFAST BAR. THE MAIN BATH SHOWS VERY WELL WITH CERAMIC SURROUND AND JACUZZI TUB. HUGE 3 CAR WIDE AND DEEP DRIVEWAY IS IN BRAND NEW CONDITION. THE BACKYARD IS FULLY FENCED AND HAS A PLASTIC SHED, PRIVATE PATIO AND KOY POND. PROPERTY HAS COMMERCIAL USAGE POTENTIAL.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1953

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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.

Last updated: 3 years ago (MRED MLS #12023589)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Apr 18, 2024 Listed by RE/MAX 10 $250,000
Listed by RE/MAX 10

Property Highlights

Air Conditioning
Fireplace

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: 3
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,515
  • Total Building Area: 1,356
  • Gross Building Area: 1,356
  • Building Area: 1,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSH & COS BREMEN FARMS
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: A T(MCINTOSH)& COS (BREMEN)(FARMS) SUB OF PT OF WH S W LYING N OF S 33FT & S OF CTR OF MIDLOTHIAN TURNPIKE WH SW SEC 03-36-1

Neighborhood

  • School District Name: Community High School District 218
  • Census Tract: 824400

Geography

  • District: 13
  • Parcel: 28-03-302-019-0000
  • Block: 1
  • Lot: 10
  • Meridian: SEC 03 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6385
  • Longitude: -87.7351

    Address

  • Full Address: 4657 Midlothian Tpke
  • Address - House Number: 4657
  • Address - Street Name: Midlothian
  • Address - Suffix Type: Tpke
  • State: IL
  • City Name: Crestwood
  • Carrier Code: C001
  • 4-Digit Zip Code: 1920
  • Zip Code: 60418

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $301,102
  • Tax Rate Code Area: 13034

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 245,511
  • High Value: 301,571
  • Low Value: 189,451

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $54,060
  • Market Improvement Value: $105,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $5,406
  • Assessed Improvements Value: $10,594

    Sales

  • Current Sale Contract Date: Nov 17, 1998
  • Current Sale Recording Date: Nov 25, 1998
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 08070089
  • Previous Sale Recording Date: Sep 03, 1996
  • Previous Sale Contract Date: Aug 21, 1996
  • Previous Sale Amount: $100,000
  • 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 Crestwood

Stats & Trends

Median Asking:

$199,900

Sale Price/ft²

$175

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1283 ft²

Average Home Age

36.1 years

Currently For Sale

24 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 13615 Lamon Avenue, Crestwood, IL, 60418

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
13615 Lamon Avenue #510, Crestwood, IL, 60418 Listing by Halina Pociask

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kevin Burke, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 12023589
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 4657 Midlothian Turnpike built and last sold?
The property at 4657 Midlothian Turnpike was built in 1953 and last sold on Nov 17, 1998 for $0.
How much is this home worth?
The estimated value of the home located at 4657 Midlothian Turnpike is $0.
What are some comparable homes to 4657 Midlothian Turnpike?
There are currently no comparable homes to 4657 Midlothian Turnpike.
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