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Calumet City 60409 Calumet City
508 155th Place
$36,000
● House - Off Market

508 155th Place

Calumet City, IL 60409
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
900 Ft²
$50,645
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Single family residence currently tenant occupied. "AS IS" without repair or warranty. Buyer responsible for Calumet City inspection  If interested, please follow the below remarks: * CASH ONLY - PROOF OF FUNDS TO ACQUIRE IN CASH AND PROOF FUNDS TO FINANCE REHAB OF THE PROPERTY REQUIRED - Proof of funds required for access and for offers to be considered * EXPERIENCED & QUALIFIED DEVELOPERS ONLY. Vintage home ready for rehab & priced to move. NO wholesale or reselling before rehab is complete. Seller prefers accelerated closing dates.
Unit Size
900 Ft²
Days on Market
-
Land Size
-
Price per sqft
$50
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1909

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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 #11069490)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Apr 28, 2021 Listed by RE/MAX Vision 212 $45,000
Listed by RE/MAX Vision 212

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1909
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 3,100
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 260
  • Total Building Area: 880
  • Gross Building Area: 880
  • Building Area: 880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST HAMMOND
  • Land Acres: 0000000071
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (WEST)(HAMMOND) SUB OF N 1896FT OF SEC 17-36-15

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 826100

Geography

  • District: 37
  • Parcel: 30-17-108-040-0000
  • Block: 18
  • Lot: 45
  • Meridian: SEC 17 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.6132
  • Longitude: -87.5376

    Address

  • Full Address: 508 155th Pl
  • Address - House Number: 508
  • Address - Street Name: 155th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Calumet City
  • Carrier Code: C006
  • 4-Digit Zip Code: 4518
  • Zip Code: 60409

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $418,098
  • Tax Rate Code Area: 37030

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 107,919
  • High Value: 136,622
  • Low Value: 79,216

    Market Valuation

  • Market Total Value: $70,000
  • Market Land Value: $12,400
  • Market Improvement Value: $57,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,000
  • Assessed Land Value: $1,240
  • Assessed Improvements Value: $5,760

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2129307005
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 Calumet City

Stats & Trends

Median Asking:

$172,900

Sale Price/ft²

$126

Above Asking

1.60%

Average Days on Market

61

Average Home Size

1294 ft²

Average Home Age

77.1 years

Currently For Sale

137 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 416 Price Avenue, Calumet City, IL, 60409

$1,800 /mo

  • 4 Beds
  • 1 Bath
  • 1,100 ft²
416 Price Avenue, Calumet City, IL, 60409 Listing by Hadi Fallah
Unit for rent at 340 Yates Avenue, Calumet City, IL, 60409

$1,850 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
340 Yates Avenue #3, Calumet City, IL, 60409 Listing by Akinpelu Williamson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sylvana Menolascino, RE/MAX Vision 212
Last Updated: 3 years ago
Data Source: MRED, MLS# 11069490
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 508 155th Place built and last sold?
The property at 508 155th Place was built in 1909 and last sold on Oct 1, 2021 for $36,000.
How much is this home worth?
The estimated value of the home located at 508 155th Place is $0.
What are some comparable homes to 508 155th Place?
There are currently no comparable homes to 508 155th Place.
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