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Chicago 60641 Cragin
5124 W NELSON Avenue
$375,000
● House - Off Market

5124 W NELSON Avenue

Chicago, IL 60641
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,600 Ft²
$378,439
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

CLASSIC CHICAGO BUNGALOW IN BELMONT CRAGIN AREA. LARGE AND BRIGHT LIVING RM FACING SOUTH, FORMAL DINING RM, KITCHEN W/WALK-IN PANTRY, BREAKFAST TABLE, CT FLOOR. 2 GOOD SIZE BEDROOMS, CT BATH, ENCLOSED PORCH FOR EXTRA ROOM. NEW CARPETING - FALL 2021. ATTIC HAS 2 HUGE BEDROOMS W/HIGH CEILING, HALF BATH, CLOSETS. FULL FINISHED BSMT W/SUMMER KITCHEN, LR, BRS, BATH W/SHOWER, WORKSHOP, STORAGE, LAUNDRY. TEAR OFF ROOF - 2016, THERMAL WINDOWS, NEW SIDING ON GARAGE. NICE BACK YARD, 2 CAR GARAGE W/EXTRA CARPORT. VERY CLEAN AND MOVE-IN CONDITION HOUSE BUT PER SELLER REQUEST SELLING "AS IS CONDITION" ANY REPAIRS REQUIRED BY LENDER OR ANY HOME INSPECTION ISSUES WILL BE BUYER RESPONSIBILITY.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$231
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1925

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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 #11412260)

Price History

Date / Event Date Event Price
Jul 13, 2022 Sold
Premium
Sold
May 22, 2022 Listed by Beaulieu Real Estate $369,900
Listed by Beaulieu Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 3,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,159
  • Gross Building Area: 1,159
  • Building Area: 1,159
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,159
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIELDS SUB
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HIELDS) SUB OF BLKS13-15 IN FALCONERS ADD TO CHICAGO A SUB OF NH NE SEC 28-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 190200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-28-208-030-0000
  • Block: 13-15
  • Lot: 8
  • Meridian: SEC 28 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9363
  • Longitude: -87.7552

    Address

  • Full Address: 5124 W Nelson St
  • Address - House Number: 5124
  • Street Direction: W
  • Address - Street Name: Nelson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C020
  • 4-Digit Zip Code: 5013
  • Zip Code: 60641

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $253,186
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 369,886
  • High Value: 455,820
  • Low Value: 283,951

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $56,250
  • Market Improvement Value: $173,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $5,625
  • Assessed Improvements Value: $17,375

    Sales

  • Current Sale Contract Date: Jul 13, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6252
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 Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1212 ft²

Average Home Age

78.5 years

Currently For Sale

783 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 2443 N Kildare, CHICAGO, IL, 60639

$4,100 /mo

  • 4 Beds
  • 2,000 ft²
2443 N Kildare #1F, CHICAGO, IL, 60639 Listing by Joshua Berngard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Janusz Kulesza, Beaulieu Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11412260
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 5124 West Nelson Street built and last sold?
The property at 5124 West Nelson Street was built in 1925 and last sold on Jul 13, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 5124 West Nelson Street is $0.
What are some comparable homes to 5124 West Nelson Street?
There are currently no comparable homes to 5124 West Nelson Street.
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