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Chicago 60638 Clearing
6554 W 60th Place
$405,000
● House - Off Market

6554 W 60th Place

Chicago, IL 60638
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,128 Ft²
$2,159
Est. Monthly
4.14%
Cap Rate

About This Property

Stunningly remodeled 5-bedroom raised ranch with a spacious living room featuring newly refinished hardwood floors. The gorgeous, brand-new kitchen boasts granite countertops, beautiful cabinetry, and stainless steel appliances. The home also offers exquisite new bathrooms with ceramic tile and modern vanities, generously sized bedrooms, and an impressively finished basement that includes a large entertainment room, additional bedrooms, a laundry room, and a bathroom. Situated on an oversized lot, this property also features a 2-car garage and an EV charger.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$371
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1952

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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 #12149168)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Sep 1, 2024 In contract -
In contract
Aug 28, 2024 Temporarily off market -
Temporarily off market
Aug 27, 2024 Listed by Coldwell Banker Realty $418,000
Listed by Coldwell Banker Realty
May 13, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 63
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,725
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 370
  • Total Building Area: 1,654
  • Gross Building Area: 1,654
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADD TO FREDK H BARTLETTS 63RD
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (THIRD) ADD TO FREDK H (BARTLETTS) (63RD) STREET (IND USTRIAL) DISTRICT BEING A RESUB OF BLK5 & WH BLKS3,8 IN HALLS ADD TO CH

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 640400

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-70-15
  • District: 72
  • Parcel: 19-18-411-046-0000
  • Block: 3,5,8
  • Lot: 5,5
  • Meridian: SEC 18 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7815
  • Longitude: -87.786

    Address

  • Full Address: 6554 W 61st St
  • Address - House Number: 6554
  • Street Direction: W
  • Address - Street Name: 61st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 4144
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $425,674
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 338,607
  • High Value: 418,000
  • Low Value: 259,213

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $59,060
  • Market Improvement Value: $180,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $5,906
  • Assessed Improvements Value: $18,094

    Sales

  • Current Sale Contract Date: Nov 14, 2001
  • Current Sale Recording Date: Feb 19, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0020195558
  • Previous Sale Recording Date: Feb 03, 1994
  • Previous Sale Contract Date: Jan 28, 1994
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 41
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 Southwest Side

Stats & Trends

Median Asking:

$368,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1052 ft²

Average Home Age

87.3 years

Currently For Sale

270 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 6214 S Narragansett Avenue, Chicago, IL, 60638

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
6214 S Narragansett Avenue #1S, Chicago, IL, 60638 Listing by Luis Rojas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Johnpaul Salcedo, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12149168
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 6554 West 60th Place built and last sold?
The property at 6554 West 60th Place was built in 1952 and last sold on Nov 14, 2001 for $187,500.
How much is this home worth?
The estimated value of the home located at 6554 West 60th Place is $415,519.
What are some comparable homes to 6554 West 60th Place?
There are currently no comparable homes to 6554 West 60th Place.
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