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Lockport 60441
607 Read Street
$369,000
● House - Off Market

607 Read Street

Lockport, IL 60441
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,000 Ft²
$369,619
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

PRIDE IN OWNERSHIP SHOWS IN THIS BEAUTIFUL 2 STORY, 4 BEDROOM, 2 1/2 BATH HOME. HARDWOOD FLOORS THROUGHOUT MAIN LEVEL, MASTER BED FEATURES A WALK-IN CLOSET AND MASTER BATH, 2ND FLOOR LAUNDRY ROOM, FINISHED BASEMENT WITH LOTS OF STORAGE, MAINTENANCE FREE EXTERIOR WITH A NEWLY PAVED PATIO, NEWER FURNACE/AC/WATER HEATER/ROOF. MOVE IN READY AND MINUTES TO I 355, SCHOOLS, SHOPPING AND RESTAURANTS! THIS HOME IS A MUST SEE!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$755
HOA Dues
-
Year Built
-

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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 #11750561)

Price History

Date / Event Date Event Price
Jun 1, 2023 Sold
Premium
Sold
Apr 3, 2023 Listed by Chase Real Estate LLC $369,000
Listed by Chase Real Estate LLC

Property Highlights

Garage
Air Conditioning

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: 9,587
  • 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: REGENCY POINT UNIT ONE
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 14 UNIT 1 IN REGENCY POINT SUB, A SUB OF PRT OF THE E1/2 OF THE NW1/4 W1/2 OF THE NE1/4 SEC 24, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880601

Geography

  • Parcel: 11-04-24-115-023
  • Lot: 14
  • Meridian: SEC 24 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5908
  • Longitude: -88.0365

    Address

  • Full Address: 607 Read St
  • Legal Unit: 1
  • Address - House Number: 607
  • Address - Street Name: Read
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lockport
  • Carrier Code: C022
  • 4-Digit Zip Code: 3255
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $955,352
  • Tax Rate Code Area: 1112

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 390,905
  • High Value: 448,221
  • Low Value: 333,590

    Market Valuation

  • Market Total Value: $329,328
  • Market Land Value: $79,983
  • Market Improvement Value: $249,345

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $109,776
  • Assessed Land Value: $26,661
  • Assessed Improvements Value: $83,115

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 01, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 27395
  • Previous Sale Recording Date: May 29, 2002
  • Previous Sale Contract Date: Apr 26, 2002
  • Previous Sale Amount: $197,000
  • 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 Lockport

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2120 ft²

Average Home Age

31 years

Currently For Sale

64 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 14813 S Hillside Drive, Lockport, IL, 60441

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,840 ft²
14813 S Hillside Drive #14813, Lockport, IL, 60441 Listing by Waqar Riaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Betty Muranski, Chase Real Estate LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11750561
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 607 Read Street built and last sold?
The property at 607 Read Street was built in and last sold on Jun 1, 2023 for $369,000.
How much is this home worth?
The estimated value of the home located at 607 Read Street is $0.
What are some comparable homes to 607 Read Street?
There are currently no comparable homes to 607 Read Street.
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