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Richmond 60071 Hillview
5414 May Avenue
$225,000
● House - Off Market

5414 May Avenue

Richmond, IL 60071
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$1,174
Est. Monthly
15.05%
Cap Rate

About This Property

**OFFER HAS BEEN ACCEPTED AND PENDING COURT APPROVAL THE WEEK OF 8/4***MULTIPLE OFFERS RECEIVED! HIGHEST AND BEST OFFER REVIEW DEADLINE IS WEDNESDAY 7/30 @ 10AM* Steps from the heart of downtown Richmond and situated on a quiet residential street, this 3-bedroom, 1.5-bathroom home offers the convenience of one-level living! This home offers a  value-add opportunity, making a prime candidate for owner occupant and investor alike - straightforward layout with good bones, original hardwood floors, and attached 1 car garage.  This ideal location is just a short distance from local parks and the appeal of downtown Richmond just steps away.  Estate Sale and Sold As-Is.  5 days of market time is required prior to considering offers.  Court approval is required, please allow time for response.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1959

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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,185
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 2,370
  • Building Area: 1,185
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,185
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLVIEW SUB
  • Land Acres: 0000000250
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2012R0056695 E1/2 LT 12 & ALL LT 13 HILLVIEW SUB VILL OF RICHMOND

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-16-201-025
  • Block: 201
  • Lot: 12,13
  • Municipality: RICHMOND TWP
  • Latitude: 42.471
  • Longitude: -88.3037

    Address

  • Full Address: 5414 May Ave
  • Address - House Number: 5414
  • Address - Street Name: May
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Richmond
  • Carrier Code: R002
  • 4-Digit Zip Code: 9491
  • Zip Code: 60071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $382,796
  • Tax Rate Code Area: 04001

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 217,969
  • High Value: 250,886
  • Low Value: 185,051

    Market Valuation

  • Market Total Value: $157,536
  • Market Land Value: $54,798
  • Market Improvement Value: $102,738

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,512
  • Assessed Land Value: $18,266
  • Assessed Improvements Value: $34,246
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 Hillview

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$167

Above Asking

0.00%

Average Days on Market

31

Average Home Size

1808 ft²

Average Home Age

58 years

Currently For Sale

1 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

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MRED

Listed by: Diana Soldo Massaro, Baird & Warner
Data Source: MRED, MLS# MRD12407549
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 5414 May Avenue built and last sold?
The property at 5414 May Avenue was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5414 May Avenue is $0.
What are some comparable homes to 5414 May Avenue?
There are currently no comparable homes to 5414 May Avenue.
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