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Tinley Park 60477
6712 165th Place
$270,000
● House - Off Market

6712 165th Place

Tinley Park, IL 60477
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,717 Ft²
$1,789
Est. Monthly
7.28%
Cap Rate

About This Property

Come check out this 3 bedroom, 1.5 bathroom ranch located in Tinley Park! This home features a master bedroom suite which includes an updated half bathroom! The family room has vaulted ceilings and a charming fireplace!  Wood laminate flooring throughout most this home!  The backyard has plenty of potential!  This home features a detached 2 car garage!  Minutes away from Downtown Tinley Park and all that Oak Park Avenue has to offer! Metra Rock Island train station is also conveniently located minutes away.
Unit Size
1,717 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$157
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1962

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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: 3 years ago (MRED MLS #11924502)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Nov 5, 2023 Listed by Village Realty, Inc. $269,000
Listed by Village Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 6,912
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,717
  • Gross Building Area: 1,717
  • Building Area: 1,717
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,717
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TINLEY TERRACE UNIT1
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (TINLEY) TERRACE (UNIT1) SUB OF PT OF SW SE SEC 19-36-13

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-19-405-008-0000
  • Lot: 36
  • Meridian: SEC 19 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5909
  • Longitude: -87.7829

    Address

  • Full Address: 6712 165th Pl
  • Legal Unit: 1
  • Address - House Number: 6712
  • Address - Street Name: 165th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 1732
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $563,640
  • Tax Rate Code Area: 13039

    Appraisal Valuation

  • Standard Deviation: 0.2217
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 268,995
  • High Value: 328,639
  • Low Value: 209,351

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $31,100
  • Market Improvement Value: $218,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $3,110
  • Assessed Improvements Value: $21,890

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13231
  • Previous Sale Recording Date: Jul 07, 2005
  • Previous Sale Contract Date: Jun 16, 2005
  • Previous Sale Amount: $240,000
  • 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 Tinley Park

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1782 ft²

Average Home Age

34.9 years

Currently For Sale

116 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 18030 66th Court, Tinley Park, IL, 60477

$2,325 /mo

  • 2 Beds
  • 2 Baths
  • 1,316 ft²
18030 66th Court #2N, Tinley Park, IL, 60477 Listing by Sarah Martinath

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Glenn, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11924502
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 6712 165th Place built and last sold?
The property at 6712 165th Place was built in 1962 and last sold on Dec 14, 2023 for $270,000.
How much is this home worth?
The estimated value of the home located at 6712 165th Place is $276,117.
What are some comparable homes to 6712 165th Place?
There are currently no comparable homes to 6712 165th Place.
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