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Alsip 60803 Alsip
5850 W 124th Place
$315,000
● House - Off Market

5850 W 124th Place

Alsip, IL 60803
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,461 Ft²
$357,588
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Your invited to dream a new beginning in a beautiful home for your family. This home was built for family entertainment inside & out. This home has 3 bedrooms, 2.5 bathrooms, large livingroom, separate dining room, eat in kitchen, large family room and a 15x30 oval pool with new lights in pool and new liner with a 10wx16L wood deck. You can see how well maintained this home is, such love & detail was giving here. New carpet in all bedrooms, hallway and stairs. New electric box, new air conditioner 2019, roof was full tear off with new fascia & soffits in 2014. You won't be dissapointed here.
Unit Size
2,461 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$128
Property Type
House
Property Taxes
$728
HOA Dues
-
Year Built
1976

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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 #11152106)

Price History

Date / Event Date Event Price
Sep 29, 2021 Sold
Premium
Sold
Jul 10, 2021 Listed by Divinity Realty & Co, Inc $315,000
Listed by Divinity Realty & Co, Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • 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: 7,332
  • Total Building Area: 2,641
  • Gross Building Area: 2,641
  • Building Area: 2,641
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,641
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHIPPEWA RIDGE
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (CHIPPEWA)(RIDGE) SUB OF PT OF WH SE SEC 29-37-13

Neighborhood

  • School District Name: Palos Heights School District 128
  • Census Tract: 823605

Geography

  • District: 39
  • Parcel: 24-29-409-018-0000
  • Lot: 65
  • Meridian: SEC 29 TWN 37N RNG 13E
  • Municipality: WORTH
  • Latitude: 41.6659
  • Longitude: -87.765

    Address

  • Full Address: 5850 W 124th Pl
  • Address - House Number: 5850
  • Street Direction: W
  • Address - Street Name: 124th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Alsip
  • Carrier Code: C050
  • 4-Digit Zip Code: 3506
  • Zip Code: 60803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $876,586
  • Tax Rate Code Area: 39104

    Appraisal Valuation

  • Standard Deviation: 0.206
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 366,007
  • High Value: 441,438
  • Low Value: 290,577

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $51,320
  • Market Improvement Value: $278,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $5,132
  • Assessed Improvements Value: $27,868

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2127919024
  • Previous Sale Recording Date: Jun 20, 2005
  • Previous Sale Contract Date: Jun 10, 2005
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: 71

    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 Alsip

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1248 ft²

Average Home Age

47 years

Currently For Sale

34 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 11015 S Lloyd Drive, Worth, IL, 60482

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
11015 S Lloyd Drive #2, Worth, IL, 60482 Listing by Beata Krasowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nancy Firkin, Divinity Realty & Co, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11152106
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 5850 West 124th Place built and last sold?
The property at 5850 West 124th Place was built in 1976 and last sold on Sep 28, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 5850 West 124th Place is $334,323.
What are some comparable homes to 5850 West 124th Place?
There are currently no comparable homes to 5850 West 124th Place.
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