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Chicago 60638 Clearing
6148 W 63rd Place
$280,000
● House - Off Market

6148 W 63rd Place

Chicago, IL 60638
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,099 Ft²
$1,742
Est. Monthly
6.33%
Cap Rate

About This Property

Welcome to this well-maintained solid brick ranch home in much desired Clearing neighborhood of Chicago with 3 bedrooms and 2 full baths. Hardwood floors in living room and bedrooms. Kitchen updated in recent years, with newer cabinets, counters, appliances --including new stove in 2022. Entire interior freshly painted. Newer windows, roof, furnace, AC, water heater. Gas grill in backyard stays. Estate sale, home being sold as-is. This home is ready for you to move in and add your own personal touch! Plenty of living space, inside and out!
Unit Size
1,099 Ft²
Days on Market
-
Land Size
-
Price per sqft
$273
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1960

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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 #11943781)

Price History

Date / Event Date Event Price
Mar 5, 2024 Sold
Premium
Sold
Jan 17, 2024 Listed by Goggin Real Estate LLC $300,000
Listed by Goggin Real Estate LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,510
  • Total Building Area: 1,099
  • Gross Building Area: 1,099
  • Building Area: 1,099
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,099
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FREDK BARTLETTS CHICAGO HIGHLANDS SU
  • Land Acres: 0000000081
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 640600

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-33-01
  • District: 72
  • Parcel: 19-20-102-028-0000
  • Block: 8
  • Lot: 28
  • Meridian: SEC 20 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7772
  • Longitude: -87.7758

    Address

  • Full Address: 6148 W 63rd Pl
  • Address - House Number: 6148
  • Street Direction: W
  • Address - Street Name: 63rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C027
  • 4-Digit Zip Code: 5306
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $327,700
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 275,324
  • High Value: 303,162
  • Low Value: 247,487

    Market Valuation

  • Market Total Value: $220,010
  • Market Land Value: $43,880
  • Market Improvement Value: $176,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,001
  • Assessed Land Value: $4,388
  • Assessed Improvements Value: $17,613

    Sales

  • Current Sale Contract Date: Feb 21, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 24447
  • Previous Sale Recording Date: Oct 04, 1999
  • Previous Sale Contract Date: Aug 01, 1999
  • Previous Sale Amount: $138,000
  • 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 5200 S Lorel Avenue, Chicago, IL, 60638

$1,875 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
5200 S Lorel Avenue #1, Chicago, IL, 60638 Listing by Maribel Chacon-Torres
Unit for rent at 5968 S Archer Avenue, Chicago, IL, 60638

$1,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,050 ft²
5968 S Archer Avenue #2, Chicago, IL, 60638 Listing by Peter Liu

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nancy Gibson, Goggin Real Estate LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11943781
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 6148 West 63rd Place built and last sold?
The property at 6148 West 63rd Place was built in 1960 and last sold on Feb 21, 2024 for $280,000.
How much is this home worth?
The estimated value of the home located at 6148 West 63rd Place is $0.
What are some comparable homes to 6148 West 63rd Place?
There are currently no comparable homes to 6148 West 63rd Place.
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