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Tinley Park 60477
6508 163rd Place
$320,000
● House - Off Market

6508 163rd Place

Tinley Park, IL 60477
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,600 Ft²
$2,116
Est. Monthly
6.23%
Cap Rate

About This Property

Coming soon...no showings allowed for now.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$643
HOA Dues
-
Year Built
1969

Payment Calculator

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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,588
  • Total Building Area: 1,167
  • Gross Building Area: 1,167
  • Building Area: 1,167
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,167
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TINLEY TERRACE 09
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Community Consolidated School District 146
  • Census Tract: 824507

Geography

  • District: 13
  • Parcel: 28-19-419-025-0000
  • Lot: 388
  • Meridian: SEC 19 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.595
  • Longitude: -87.7781

    Address

  • Full Address: 6508 163rd Pl
  • Address - House Number: 6508
  • Address - Street Name: 163rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 1714
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $630,692
  • Tax Rate Code Area: 13039

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 293,791
  • High Value: 365,586
  • Low Value: 221,995

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $29,650
  • Market Improvement Value: $230,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $2,965
  • Assessed Improvements Value: $23,035

    Sales

  • Current Sale Contract Date: May 24, 2018
  • Current Sale Recording Date: Jun 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1816455055
  • Previous Sale Recording Date: Dec 21, 2012
  • Previous Sale Contract Date: Dec 19, 2012
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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 Tinley Park

Stats & Trends

Median Asking:

$344,990

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1844 ft²

Average Home Age

32.3 years

Currently For Sale

118 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: Robert Medinger, Keller Williams Preferred Rlty
Data Source: MRED, MLS# MRD12295729
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 6508 163rd Place built and last sold?
The property at 6508 163rd Place was built in 1969 and last sold on May 24, 2018 for $210,000.
How much is this home worth?
The estimated value of the home located at 6508 163rd Place is $0.
What are some comparable homes to 6508 163rd Place?
There are currently no comparable homes to 6508 163rd Place.
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