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Oak Forest 60452
5756 LANCASTER Drive
$285,000
● House - Off Market

5756 LANCASTER Drive

Oak Forest, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$2,013
Est. Monthly
7.28%
Cap Rate

About This Property

Welcome to this beautifully maintained 4-bedroom, 2-bath raised ranch in sought-after Oak Forest! This home features a spacious kitchen and living room combo with gleaming hardwood floors that flow throughout the entire home. The main level offers three well-sized bedrooms and a full bathroom, perfect for comfortable living. The finished lower level includes a large basement area with a second full bathroom, direct access to the attached 2-car garage, and an additional bedroom-ideal for guests, a home office, or extended living. Conveniently located near parks, shopping, and major expressways, this move-in ready home combines space, style, and function in a prime location!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$293
Property Type
House
Property Taxes
$564
HOA Dues
-
Year Built
1970

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,027
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EL MORRO 06 ADD/W PETERS
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Forest Ridge School District 142
  • Census Tract: 824505

Geography

  • District: 13
  • Parcel: 28-17-212-012-0000
  • Lot: 230
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.613
  • Longitude: -87.7606

    Address

  • Full Address: 5756 Lancaster Dr
  • Address - House Number: 5756
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C004
  • 4-Digit Zip Code: 2043
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $618,514
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 13067

    Appraisal Valuation

  • Standard Deviation: 0.2557
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 255,252
  • High Value: 320,546
  • Low Value: 189,959

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $36,120
  • Market Improvement Value: $203,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $3,612
  • Assessed Improvements Value: $20,388

    Sales

  • Current Sale Contract Date: Aug 31, 2018
  • Current Sale Recording Date: Sep 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1826219241
  • Previous Sale Recording Date: Jul 09, 2015
  • Previous Sale Contract Date: May 27, 2015
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: 68
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 Oak Forest

Stats & Trends

Median Asking:

$319,950

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1579 ft²

Average Home Age

47.3 years

Currently For Sale

35 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: Michael Scanlon, eXp Realty
Data Source: MRED, MLS# MRD12421321
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 5756 Lancaster Drive built and last sold?
The property at 5756 Lancaster Drive was built in 1970 and last sold on Aug 31, 2018 for $1,227,500.
How much is this home worth?
The estimated value of the home located at 5756 Lancaster Drive is $0.
What are some comparable homes to 5756 Lancaster Drive?
There are currently no comparable homes to 5756 Lancaster Drive.
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