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Will 60449
Undisclosed Address
$1,050,000
● House - Off Market

Undisclosed Address

Monee, IL 60449
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,700 Ft²
$7,717
Est. Monthly
1.38%
Cap Rate

About This Property

Great opportunity to own 10 Acres of A1 Zoning. 6,000 Sqft Warehouse with 3 overhead doors. + Ranch home. Current use was snow plowing company. Can be used for trucking, Auto/towing business, etc. Bring your ideas to this unique space. Close to I57.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$823
Property Type
House
Property Taxes
$847
HOA Dues
-
Year Built
1984

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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: 2 years ago (MRED MLS #12002174)

Price History

Date / Event Date Event Price
Dec 5, 2024 Sold
Premium
Sold
Mar 14, 2024 Listed by Better Homes & Gardens Real Estate $1,399,000
Listed by Better Homes & Gardens Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 1,820
  • Building Area: 1,820
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: THE E1/2 OF THE W1/2 OF THE PROP DESC AS THE 40 ACRES OFF THE THE E END OF THE N1/2 NE1/4 SEC 6 T34N-R13E.

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883602

Geography

  • Parcel: 21-14-06-200-011
  • Meridian: SEC 06 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.469
  • Longitude: -87.7716

    Address

  • Full Address: 6525 W Steger Rd
  • Address - House Number: 6525
  • Street Direction: W
  • Address - Street Name: Steger
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Monee
  • Carrier Code: R003
  • 4-Digit Zip Code: 9404
  • Zip Code: 60449

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,016,822
  • Tax Rate Code Area: 2125

    Market Valuation

  • Market Total Value: $282,891
  • Market Land Value: $86,895
  • Market Improvement Value: $195,996

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $107,144
  • Assessed Land Value: $32,891
  • Assessed Improvements Value: $74,253

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2005
  • Current Sale Recording Date: Jun 22, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2005103419

    Financing

  • First Mortgage Financing Type: VAR
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 Will

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2388 ft²

Average Home Age

31.4 years

Currently For Sale

1505 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: John Valentino, Better Homes & Gardens Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12002174
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 6525 West Steger Road built and last sold?
The property at 6525 West Steger Road was built in 1984 and last sold on May 23, 2005 for $500,000.
How much is this home worth?
The estimated value of the home located at 6525 West Steger Road is $0.
What are some comparable homes to 6525 West Steger Road?
There are currently no comparable homes to 6525 West Steger Road.
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