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Oak Forest 60452
6404 Cedar Road
$370,000
● House - Off Market

6404 Cedar Road

Oak Forest, IL 60452
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,175 Ft²
$2,244
Est. Monthly
7.06%
Cap Rate
Unit Size
1,175 Ft²
Days on Market
-
Land Size
-
Price per sqft
$311
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,175
  • Gross Building Area: 1,175
  • Building Area: 1,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,175
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JONIKAS FOREST VIEW HILL UNIT2
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: BRUNOS (JONIKAS)(FOREST) VIEW HILL (UNIT2) SUB OF PT OF NE SEC 18-36-13

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824509

Geography

  • District: 13
  • Parcel: 28-18-205-022-0000
  • Block: 4
  • Lot: 22
  • Meridian: SEC 18 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6162
  • Longitude: -87.7766

    Address

  • Full Address: 6404 Cedar Rd
  • Legal Unit: 2
  • Address - House Number: 6404
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 1502
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $542,136
  • Tax Rate Code Area: 13059

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 288,539
  • High Value: 354,424
  • Low Value: 222,654

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $37,950
  • Market Improvement Value: $232,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $3,795
  • Assessed Improvements Value: $23,205

    Sales

  • Current Sale Contract Date: May 11, 2005
  • Current Sale Recording Date: Jun 02, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0515320022
  • Previous Sale Recording Date: Sep 16, 1993
  • Previous Sale Contract Date: Aug 31, 1993
  • Previous Sale Amount: $86,666
  • 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 Oak Forest

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1478 ft²

Average Home Age

45.1 years

Currently For Sale

43 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: Erin Olson, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12324614
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 6404 Cedar Road built and last sold?
The property at 6404 Cedar Road was built in 1968 and last sold on May 11, 2005 for $250,000.
How much is this home worth?
The estimated value of the home located at 6404 Cedar Road is $0.
What are some comparable homes to 6404 Cedar Road?
There are currently no comparable homes to 6404 Cedar Road.
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