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Winthrop Harbor 60096 Winthrop Harbor
616 Sheridan Road
$3,000
● Land - Off Market

616 Sheridan Road

WINTHROP HARBOR, IL 60096
bedrooms
Studio
bathrooms
0 Bath
$11,250
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Raw land directly across Sheridan Rd from proposed $20 million TIF district hotel, retail and residential development.
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
$107
HOA Dues
-
Year Built
-

Payment Calculator

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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 #09485383)

Price History

Date / Event Date Event Price
Apr 18, 2017 Sold
Premium
Sold
Jan 25, 2017 Listed by Cornerstone Realty Group, LLC $6,900
Listed by Cornerstone Realty Group, LLC

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: 8,233
  • 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: RESUB OF PTS OF SU
  • Land Acres: 0000000189
  • Standard Land Use Code: 8002
  • County Land Use Code: 61
  • Legal Description 1: RESUB OF PTS OF SUB OF LOT 6 (EX E 25 FTCONVD FOR HWY) LOT B BLOCK 4

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860103

Geography

  • Assessors Map Reference: 2363-C5
  • District: BENTON
  • Parcel: 04-10-106-016
  • Block: 4
  • Lot: 6,B
  • Municipality: TWP OF BENTON
  • Latitude: 42.4835
  • Longitude: -87.8231

    Address

  • Full Address: 616 Sheridan Rd
  • Address - House Number: 616
  • Address - Street Name: Sheridan
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Winthrop Harbor
  • Carrier Code: C003
  • 4-Digit Zip Code: 1350
  • Zip Code: 60096

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $104,262
  • Tax Rate Code Area: 1105

    Market Valuation

  • Market Total Value: $29,199
  • Market Land Value: $29,199

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,732
  • Assessed Land Value: $9,732

    Sales

  • Current Sale Contract Date: Mar 21, 2017
  • Current Sale Recording Date: Apr 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7386546
  • Previous Sale Recording Date: Aug 27, 2003
  • Previous Sale Contract Date: Aug 12, 2003
  • Previous Sale Amount: $50,000
  • 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 Winthrop Harbor

Stats & Trends

Median Asking:

$289,000

Sale Price/ft²

$245

Below Asking

0.02%

Average Days on Market

39

Average Home Size

500 ft²

Average Home Age

116 years

Currently For Sale

1 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: Gary Powell, Cornerstone Realty Group, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09485383
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 616 Sheridan Road built and last sold?
The property at 616 Sheridan Road was built in and last sold on Mar 21, 2017 for $3,000.
How much is this home worth?
The estimated value of the home located at 616 Sheridan Road is $0.
What are some comparable homes to 616 Sheridan Road?
There are currently no comparable homes to 616 Sheridan Road.
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