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Beecher 60401
550 Chestnut Lane
$280,000
● House - Off Market

550 Chestnut Lane

Beecher, IL 60401
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,950 Ft²
$1,966
Est. Monthly

About This Property

SOLID 4-bedroom Brick quad! Space and functionality with your oversized front room, separate dining room, & in the lower room, a beautiful family area with a stone fireplace, including a spare bedroom, adjunct to its own bath  Beautiful fenced in backyard (great for pups) with spacious cement patio, storage shed.   New paint and carpet makes this move in ready for any buyer!  Don't forget about your basement. It's nice to have the extra space for storage and activities!
Unit Size
1,950 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$153
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
-

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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
Fireplace

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: 10,521
  • 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: COUNTRY TERRACE
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 23 IN COUNTRY TERRACE SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 16, T33N-R14E.

Neighborhood

  • School District Name: Beecher Community Unit School District 200U
  • Census Tract: 883902

Geography

  • Parcel: 22-22-16-102-030
  • Lot: 23
  • Meridian: SEC 16 TWN 33N RNG 14E
  • Municipality: WASHINGTON
  • Latitude: 41.35
  • Longitude: -87.6242

    Address

  • Full Address: 550 Chestnut Ln
  • Address - House Number: 550
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Beecher
  • Carrier Code: R777
  • 4-Digit Zip Code: 6605
  • Zip Code: 60401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $528,192
  • Tax Rate Code Area: 2201

    Appraisal Valuation

  • Standard Deviation: 0.1484
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 258,106
  • High Value: 296,412
  • Low Value: 219,800

    Market Valuation

  • Market Total Value: $202,722
  • Market Land Value: $42,444
  • Market Improvement Value: $160,278

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,574
  • Assessed Land Value: $14,148
  • Assessed Improvements Value: $53,426

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 23, 2019
  • Current Sale Recording Date: Feb 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: R2019006246

    Financing

  • First Mortgage Financing Type: FIX
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 Beecher

Stats & Trends

Median Asking:

$324,900

Sale Price/ft²

$172

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1986 ft²

Average Home Age

29.3 years

Currently For Sale

23 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: Heidi Singler, Village Realty, Inc.
Data Source: MRED, MLS# MRD12509841
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 550 Chestnut Lane built and last sold?
The property at 550 Chestnut Lane was built in and last sold on Jan 23, 2019 for $176,000.
How much is this home worth?
The estimated value of the home located at 550 Chestnut Lane is $0.
What are some comparable homes to 550 Chestnut Lane?
There are currently no comparable homes to 550 Chestnut Lane.
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