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Crete 60417
613 2nd Street
$165,000
● House - Off Market

613 2nd Street

Crete, IL 60417
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,160 Ft²
$162,091
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Original SEARS home. Beautiful woodwork, hardwood floors (under carpet). Spacious living room, formal dining room, den/office, eat-in kitchen with walk-in closet pantry. Master bedroom with two walk in closets, 2nd bedroom has a walk-in closet, 3rd bedroom with balcony, walk-in closet and playroom. Finished basement with rec room, work shop and storage. Back porch with cabinets for storage. Attached play house. 2.5 detached garage. Newer windows, a/c and furnace. Full front porch perfect for relaxing.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$74
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1919

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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 #11215650)

Price History

Date / Event Date Event Price
Apr 11, 2022 Sold
Premium
Sold
Sep 10, 2021 Listed by McColly Real Estate $159,900
Listed by McColly Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • 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 Count: 150
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 720
  • Garage Type: 4
  • Garage Square Area: 360
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,477
  • Total Building Area: 1,440
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUALITY HILL
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE S 103 FT OF LOT 7 BLK 15 IN QUALITY HILL A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC 8, T34N-R14E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883804

Geography

  • Parcel: 23-15-08-406-005
  • Block: 15
  • Lot: 7
  • Meridian: SEC 08 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4473
  • Longitude: -87.6368

    Address

  • Full Address: 613 2nd St
  • Address - House Number: 613
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Crete
  • Carrier Code: C001
  • 4-Digit Zip Code: 2020
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $295,748
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.177
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 77
  • Final Value: 164,293
  • High Value: 193,376
  • Low Value: 135,210

    Market Valuation

  • Market Total Value: $108,792
  • Market Land Value: $18,876
  • Market Improvement Value: $89,916

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,264
  • Assessed Land Value: $6,292
  • Assessed Improvements Value: $29,972

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: Apr 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 30730
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 Crete

Stats & Trends

Median Asking:

$296,450

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2278 ft²

Average Home Age

61.7 years

Currently For Sale

28 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: Suzanne Herrmann, McColly Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11215650
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 613 2nd Street built and last sold?
The property at 613 2nd Street was built in 1919 and last sold on Apr 7, 2022 for $165,000.
How much is this home worth?
The estimated value of the home located at 613 2nd Street is $171,047.
What are some comparable homes to 613 2nd Street?
There are currently no comparable homes to 613 2nd Street.
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