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Matteson 60443
556 Academy Avenue
$325,000
● House - Off Market

556 Academy Avenue

Matteson, IL 60443
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,723 Ft²
$2,524
Est. Monthly
3.87%
Cap Rate

About This Property

BACK ON THE MARKET!  RECENTLY UPDATED BUTTERFIELD PLACE SPLIT LEVEL READY FOR ITS NEW OWNER! BEAUTIFUL OPEN FLOOR PLAN WITH NEWER CARPETING AND NEUTRAL PAINT COLORS THROUGHOUT. SUNKEN LIVING ROOM OPENING UP TO FORMAL DINING AREA.  UPDATED EAT-IN KITCHEN WITH WHITE SHAKER CABINETS, GRANITE COUNTERTOPS, AND STAINLESS STEEL APPLIANCES. EXIT SLIDING GLASS DOORS TO YOUR MASSIVE 3-SEASON ROOM PERFECT FOR ENTERTAINING! MASSIVE FAMILY ROOM WITH HARDWOOD FLOORS AND A FIREPLACE! HEAD DOWN TO A FINISHED SUB BASEMENT ADDING EXCELLENT ADDITIONAL FINISHED SQUARE FOOTAGE TO THE HOME! UPSTAIRS BOASTS LARGE MASTER SUITE W/ WHIRLPOOL TUB AND SEPARATE SHOWER,  2 ADDITIONAL LARGE BEDROOMS AND 2ND FULL BATHROOM WITH DOUBLE SINKS!  2 CAR GARAGE, LARGE DECK, GREAT LOT!  THIS WON'T LAST LONG, SET YOUR APPOINTMENT TODAY!
Unit Size
2,723 Ft²
Days on Market
-
Land Size
-
Price per sqft
$119
Property Type
House
Property Taxes
$928
HOA Dues
-
Year Built
1992

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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 #11855460)

Price History

Date / Event Date Event Price
Dec 26, 2023 Sold
Premium
Sold
Aug 9, 2023 Listed by Kennedy Connection Realtors $324,900
Listed by Kennedy Connection Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • 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: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,800
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,370
  • Gross Building Area: 2,370
  • Building Area: 2,370
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FINAL PLAT OF BUTTERFIELD PLACE
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (FINAL) (PLAT) OF (BUTTERFIELD) (PLACE) A SUB OF PT O F THE SW SEC 15-35-13

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830004

Geography

  • District: 32
  • Parcel: 31-15-308-004-0000
  • Lot: 123
  • Meridian: SEC 15 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5175
  • Longitude: -87.7274

    Address

  • Full Address: 556 Academy Ave
  • Address - House Number: 556
  • Address - Street Name: Academy
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Matteson
  • Carrier Code: C009
  • 4-Digit Zip Code: 1709
  • Zip Code: 60443

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,093,821
  • Tax Rate Code Area: 32015

    Appraisal Valuation

  • Standard Deviation: 0.2782
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 60
  • Final Value: 321,409
  • High Value: 410,845
  • Low Value: 231,973

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $59,400
  • Market Improvement Value: $240,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $5,940
  • Assessed Improvements Value: $24,060

    Sales

  • Current Sale Contract Date: Nov 21, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 15020
  • Previous Sale Recording Date: Jan 31, 2017
  • Previous Sale Contract Date: Jan 24, 2017
  • Previous Sale Document Type: 64
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 Matteson

Stats & Trends

Median Asking:

$267,000

Sale Price/ft²

$153

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1562 ft²

Average Home Age

45.5 years

Currently For Sale

33 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 21209 Olympian Way, Matteson, IL, 60443

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 912 ft²
21209 Olympian Way, Matteson, IL, 60443 Listing by Maria Delgado

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kevin Kennedy, Kennedy Connection Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11855460
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 556 Academy Avenue built and last sold?
The property at 556 Academy Avenue was built in 1992 and last sold on Nov 21, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 556 Academy Avenue is $334,708.
What are some comparable homes to 556 Academy Avenue?
There are currently no comparable homes to 556 Academy Avenue.
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