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University Park 60484
610 Sullivan Lane
$6,000
● Land - Off Market

610 Sullivan Lane

University Park, IL 60484
bedrooms
Studio
bathrooms
0 Bath
$6,382
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Lot is zoned for residential on .18 acres. Nice place to build your dream home! Fully build able lot. Utilities near site.  612 Sullivan the vacant lot next 610 Sullivan will be available for sale in the near future, FYI.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #10362232)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Apr 30, 2019 Listed by RE/MAX Professionals $5,900
Listed by RE/MAX Professionals

Property Highlights

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: 7,813
  • 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: V
  • Subdivision: PARK FOREST
  • Land Acres: 0000000180
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 5 BLOCK 1 IN PARK FOREST SOUTH UNIT 3, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 13, T34N-R13E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883605

Geography

  • Parcel: 21-14-13-204-037
  • Block: 1
  • Lot: 5
  • Meridian: SEC 13 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4387
  • Longitude: -87.6782

    Address

  • Full Address: 610 Sullivan Ln
  • Legal Unit: 3
  • Address - House Number: 610
  • Address - Street Name: Sullivan
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: University Park
  • Carrier Code: C007
  • 4-Digit Zip Code: 3031
  • Zip Code: 60484

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $104,308
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2106

    Market Valuation

  • Market Total Value: $22,203
  • Market Land Value: $22,203

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,401
  • Assessed Land Value: $7,401

    Sales

  • Current Sale Contract Date: Jan 10, 2022
  • Current Sale Recording Date: Jan 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9160
  • Previous Sale Recording Date: Oct 04, 2018
  • Previous Sale Contract Date: Oct 02, 2018
  • Previous Sale Document Type: 52
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 University Park

Stats & Trends

Median Asking:

$206,000

Sale Price/ft²

$116

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1726 ft²

Average Home Age

51.1 years

Currently For Sale

17 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 Dzik, RE/MAX Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 10362232
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 610 Sullivan Lane built and last sold?
The property at 610 Sullivan Lane was built in and last sold on Jan 10, 2022 for $6,000.
How much is this home worth?
The estimated value of the home located at 610 Sullivan Lane is $5,959.
What are some comparable homes to 610 Sullivan Lane?
There are currently no comparable homes to 610 Sullivan Lane.
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