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Chicago 60609 Back of the Yards
603 W ROOT Street
$330,000
● House - Off Market

603 W ROOT Street

CHICAGO, IL 60609
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,600 Ft²
$569,034
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

BRAND NEW SINGLE FAMILY HOME SOURROUNDED BY NEW HOMES IN THE AREA.  FEATURES INCLUDE: 3 BEDROOMS ON THE MAIN LEVEL WITH SPA LIKE MASTER BATH, HARDWOOD FLOOR THROUGHOUT THE FIRST FLOOR, BEAUTIFULLY DESIGNED KITCHEN WITH QUARTZ COUNTERTOP, MODERN  DESGIGNED BATHS, VERY NICE LIGHTING FIXTURES, FINISHED BASEMENT WITH TWO ADDITIONAL BEDROOMS AND FULL BATH, LARGE REC ROOM FOR YOUR FAMILY'S ENJOYMENT! 2 CAR GARAGE! CLOSE TO THE EXPRESSWAYS, DOWNTOWN AND CHINATOW!
Unit Size
2,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$38
HOA Dues
-
Year Built
2016

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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.

Last updated: 3 years ago (MRED MLS #09496228)

Price History

Date / Event Date Event Price
Apr 26, 2017 Sold
Premium
Sold
Feb 6, 2017 Listed by Landmark & Property Group, Inc $349,000
Listed by Landmark & Property Group, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • 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: 12
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Total Building Area: 1,300
  • Gross Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRAMS
  • Land Acres: 0000000069
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 842600

Zoning

  • Zoning: B2-1

Geography

  • Assessors Map Reference: Apr 02, 2013
  • District: 72
  • Parcel: 20-04-120-008-0000
  • Lot: 2
  • Meridian: SEC 04 TWN 38N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.8187
  • Longitude: -87.6412

    Address

  • Full Address: 603 W Root St
  • Address - House Number: 603
  • Street Direction: W
  • Address - Street Name: Root
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C001
  • 4-Digit Zip Code: 2631
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $690,675
  • Tax Rate Code Area: 72102

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 463,820
  • High Value: 574,600
  • Low Value: 353,040

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $30,000
  • Market Improvement Value: $340,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $34,000

    Sales

  • Current Sale Contract Date: Apr 24, 2017
  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1711839192
  • Previous Sale Recording Date: Mar 04, 2015
  • Previous Sale Contract Date: Feb 25, 2015
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
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 Southwest Side

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1031 ft²

Average Home Age

87.2 years

Currently For Sale

269 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 559 E 50th Street, Chicago, IL, 60615

$4,500 /mo

  • 5 Beds
  • 3 Baths
  • 3,570 ft²
559 E 50th Street, Chicago, IL, 60615 Listing by Derek Walvoord
Unit for rent at 2911 S Farrell Street, Chicago, IL, 60608

$4,500 /mo

  • 3 Beds
  • 3 Baths
  • 3,000 ft²
2911 S Farrell Street, Chicago, IL, 60608 Listing by Lora Perlman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Landmark & Property Group, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 09496228
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 603 West Root Street built and last sold?
The property at 603 West Root Street was built in 2016 and last sold on Apr 24, 2017 for $330,000.
How much is this home worth?
The estimated value of the home located at 603 West Root Street is $0.
What are some comparable homes to 603 West Root Street?
There are currently no comparable homes to 603 West Root Street.
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