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Lockport 60441
514 Whelan Street
$175,000
● House - Off Market

514 Whelan Street

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,448 Ft²
$197,205
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Single level living ranch home with great bones. This property is in a great Lockport location. The flow of the home is very functional.  The property has a spacious family room with fireplace and bar area.  Deck situated off the kitchen area.   Exciting possibilities for this home to give it your personal touch with  your rehab ideas!!
Unit Size
1,448 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$124
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
-

Payment Calculator

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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 #11229000)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold
Premium
Sold
Sep 24, 2021 Listed by HomeSmart Realty Group $179,000
Listed by HomeSmart Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,212
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOSES WHALENS SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 BLOCK 1 MOSES WHALENS SUB, BEING A SUB OF PRT OF W1/2 NE1/4 IN SEC 26,T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880701

Geography

  • Parcel: 11-04-26-210-016
  • Block: 1
  • Lot: 2
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5778
  • Longitude: -88.054

    Address

  • Full Address: 514 Whelan St
  • Address - House Number: 514
  • Address - Street Name: Whelan
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lockport
  • Carrier Code: C055
  • 4-Digit Zip Code: 4435
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $485,552
  • Tax Rate Code Area: 1110

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 221,361
  • High Value: 257,173
  • Low Value: 185,548

    Market Valuation

  • Market Total Value: $185,295
  • Market Land Value: $49,287
  • Market Improvement Value: $136,008

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,765
  • Assessed Land Value: $16,429
  • Assessed Improvements Value: $45,336

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9915
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 Lockport

Stats & Trends

Median Asking:

$379,990

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2031 ft²

Average Home Age

32.7 years

Currently For Sale

73 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 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh
Unit for rent at 812 S Jefferson Avenue, Lockport, IL, 60441

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,248 ft²
812 S Jefferson Avenue, Lockport, IL, 60441 Listing by Mia Gorkowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tammy Barry, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11229000
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 514 Whelan Street built and last sold?
The property at 514 Whelan Street was built in and last sold on Dec 23, 2021 for $175,000.
How much is this home worth?
The estimated value of the home located at 514 Whelan Street is $188,100.
What are some comparable homes to 514 Whelan Street?
There are currently no comparable homes to 514 Whelan Street.
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