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Park Forest 60466
62 CHERRY Street
$69,900
● House - Off Market

62 CHERRY Street

PARK FOREST, IL 60466
bedrooms
2 Beds
bathrooms
1 Bath
$130,394
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

FANTASTIC BRICK 2 BEDROOM RANCH. NICE COVERED REAR PORCH. NEUTRAL DECORATING, MANY UPDATES INCLUDING KITCHEN CABINETS AND COUNTER TOPS. BATHROOM WITH PEDISTAL SINK, ROOF, FURNACE, WATER HEATER, COPPER PLUMBING, CIRCUIT BREAKERS, CARPET AND PAINT TOO. GREAT HOME, NOTHING TO DO EXCEPT MOVE ON IN. CEILING FANS (3), WASHER, DRYER & STOVE ALL STAY TOO. SEE IT NOW!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1951

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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.

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 600
  • Total Building Area: 974
  • Gross Building Area: 974
  • Building Area: 974
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 974
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE/PK FOREST AREA 02
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Rich Township High School District 227
  • Census Tract: 830300

Geography

  • District: 32
  • Parcel: 31-36-202-006-0000
  • Block: 13
  • Lot: 6
  • Meridian: SEC 36 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.4779
  • Longitude: -87.6799

    Address

  • Full Address: 62 Cherry St
  • Address - House Number: 62
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Forest
  • Carrier Code: C004
  • 4-Digit Zip Code: 2010
  • Zip Code: 60466

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $466,865
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 32021

    Appraisal Valuation

  • Standard Deviation: 0.2642
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 77,876
  • High Value: 98,458
  • Low Value: 57,293

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $26,250
  • Market Improvement Value: $73,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $2,625
  • Assessed Improvements Value: $7,375

    Sales

  • Current Sale Contract Date: Apr 25, 2017
  • Current Sale Recording Date: May 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1712934052
  • Previous Sale Recording Date: May 22, 2008
  • Previous Sale Contract Date: May 08, 2008
  • Previous Sale Amount: $70,000
  • 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 Park Forest

Stats & Trends

Median Asking:

$167,000

Sale Price/ft²

$130

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1411 ft²

Average Home Age

70.7 years

Currently For Sale

122 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 13 Hemlock Street, Park Forest, IL, 60466

$1,575 /mo

  • 2 Beds
  • 1 Bath
  • 925 ft²
13 Hemlock Street #13, Park Forest, IL, 60466 Listing by Tameka Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ron Wexler, Keller Williams Preferred Rlty
Data Source: MRED, MLS# MRD06730655
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 62 Cherry Street built and last sold?
The property at 62 Cherry Street was built in 1951 and last sold on Apr 25, 2017 for $18,500.
How much is this home worth?
The estimated value of the home located at 62 Cherry Street is $23,753.
What are some comparable homes to 62 Cherry Street?
There are currently no comparable homes to 62 Cherry Street.
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