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Tinley Park 60477
6541 Terrace Drive
$280,000
● House - Off Market

6541 Terrace Drive

Tinley Park, IL 60477
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,220 Ft²
$1,917
Est. Monthly
9.40%
Cap Rate
Unit Size
2,220 Ft²
Days on Market
-
Land Size
-
Price per sqft
$135
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1965

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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: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,588
  • Total Building Area: 1,148
  • Gross Building Area: 1,148
  • Building Area: 1,148
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,148
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TINLEY TERRACE UNIT5
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (TINLEY) TERRACE (UNIT5) SUB OF PT OF NH SE SEC 19-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-19-410-002-0000
  • Lot: 135
  • Meridian: SEC 19 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5917
  • Longitude: -87.7796

    Address

  • Full Address: 6541 Terrace Dr
  • Legal Unit: 5
  • Address - House Number: 6541
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 1833
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $537,487
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 13039

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 258,682
  • High Value: 317,750
  • Low Value: 199,614

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $29,650
  • Market Improvement Value: $190,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $2,965
  • Assessed Improvements Value: $19,035

    Sales

  • Current Sale Contract Date: Oct 23, 1998
  • Current Sale Recording Date: Oct 29, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98975403
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

1785 ft²

Average Home Age

33.6 years

Currently For Sale

115 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: Tracy Haas Riley, BHHS Central Illinois, REALTORS
Data Source: MRED, MLS# MRD12288927
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 6541 Terrace Drive built and last sold?
The property at 6541 Terrace Drive was built in 1965 and last sold on Oct 23, 1998 for $143,000.
How much is this home worth?
The estimated value of the home located at 6541 Terrace Drive is $308,870.
What are some comparable homes to 6541 Terrace Drive?
There are currently no comparable homes to 6541 Terrace Drive.
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