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Park Forest 60466
513 Chase Street
$120,000
● House - Off Market

513 Chase Street

Park Forest, IL 60466
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,333 Ft²
$102,874
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Calling all investors. Welcome to Park Forest! This 4 bedroom, 2 bathroom split level home with a long driveway and 2 car garage. Sold AS IS WHERE IS with  all remaining personal property and requires a gut rehab. Buyer responsible for all city requirements and any violations. Your vision and some TLC makes this a winner.
Unit Size
1,333 Ft²
Days on Market
-
Land Size
-
Price per sqft
$75
Property Type
House
Property Taxes
$646
HOA Dues
-
Year Built
1963

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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 #11329089)

Price History

Date / Event Date Event Price
Nov 8, 2022 Sold
Premium
Sold
Aug 15, 2022 Listed by Northlake Realtors $224,900
Listed by Northlake Realtors
Hello there! Newly remodeled & now it's brand new and move-in ready...so start packing! Awesome split-level home, situated on a nice tree lined street. Open kitchen concept WITH a beautiful island. Bedrooms are an ideal size , bathrooms have upgraded. New floors throughout! Come check it out for yourself!
Mar 24, 2022 Sold
Premium
Sold
Feb 20, 2022 Listed by A.R.E. Partners Inc. $99,900
Listed by A.R.E. Partners Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,333
  • Gross Building Area: 1,333
  • Building Area: 1,333
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,333
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLNWOOD WEST
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830100

Geography

  • District: 32
  • Parcel: 31-23-427-007-0000
  • Block: 51
  • Lot: 7
  • Meridian: SEC 23 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5037
  • Longitude: -87.6964

    Address

  • Full Address: 513 Chase St
  • Address - House Number: 513
  • Address - Street Name: Chase
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C006
  • 4-Digit Zip Code: 1005
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $820,393
  • Tax Rate Code Area: 32018

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 181,849
  • High Value: 223,372
  • Low Value: 140,325

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $28,800
  • Market Improvement Value: $131,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $2,880
  • Assessed Improvements Value: $13,120

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 46040
  • Previous Sale Recording Date: Mar 31, 2022
  • Previous Sale Contract Date: Mar 22, 2022
  • Previous Sale Amount: $120,000
  • 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 Park Forest

Stats & Trends

Median Asking:

$165,500

Sale Price/ft²

$128

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1448 ft²

Average Home Age

69.3 years

Currently For Sale

122 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 5044 Brighton Lane, Richton Park, IL, 60471

$2,050 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
5044 Brighton Lane, Richton Park, IL, 60471 Listing by Dominique Lowery

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patricia Jamrozowicz, A.R.E. Partners Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11329089
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 513 Chase Street built and last sold?
The property at 513 Chase Street was built in 1963 and last sold on Nov 4, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 513 Chase Street is $0.
What are some comparable homes to 513 Chase Street?
There are currently no comparable homes to 513 Chase Street.
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