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Chicago 60638 Clearing
7027 W 63rd Place
$224,000
● House - Off Market

7027 W 63rd Place

CHICAGO, IL 60638
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,080 Ft²
$371,310
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Spacious raised ranch with large eat in kitchen.  Nice ceramic floors, 1 full bath and a half bath on main level. Three bedrooms.  Full finished basement with bar. Bar stools stay.  Plenty of storage with built in shelving. Garage has two garage doors (front and back). Nice patio. Close to transportation, churches, shopping and schools!  Make offer on this gem today! Seller is motivated and will consider all reasonable offers!!
Unit Size
1,080 Ft²
Days on Market
-
Land Size
-
Price per sqft
$216
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1962

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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.

Last updated: 3 years ago (MRED MLS #09661078)

Price History

Date / Event Date Event Price
Oct 23, 2017 Sold
Premium
Sold
Jun 15, 2017 Listed by Century 21 House of Sales $233,600
Listed by Century 21 House of Sales

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,660
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: F H BARTLETTS CHICAGO HLNDS
  • Land Acres: 0000000084
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 640500

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-105-13
  • District: 72
  • Parcel: 19-19-105-052-0000
  • Block: 42
  • Lot: 11,12
  • Meridian: SEC 19 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7763
  • Longitude: -87.7971

    Address

  • Full Address: 7027 W 63rd Pl
  • Address - House Number: 7027
  • Street Direction: W
  • Address - Street Name: 63rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Chicago
  • Carrier Code: C037
  • 4-Digit Zip Code: 4643
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $455,071
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 318,432
  • High Value: 385,199
  • Low Value: 251,665

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $45,750
  • Market Improvement Value: $174,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $4,575
  • Assessed Improvements Value: $17,425

    Sales

  • Current Sale Contract Date: Oct 23, 2017
  • Current Sale Recording Date: Oct 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1729849135
  • Previous Sale Recording Date: Oct 17, 2006
  • Previous Sale Contract Date: Sep 15, 2006
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$369,000

Sale Price/ft²

$239

Above Asking

54.37%

Average Days on Market

48

Average Home Size

1070 ft²

Average Home Age

81.4 years

Currently For Sale

287 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: , Century 21 House of Sales
Last Updated: 3 years ago
Data Source: MRED, MLS# 09661078
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 7027 West 63rd Place built and last sold?
The property at 7027 West 63rd Place was built in 1962 and last sold on Oct 23, 2017 for $224,000.
How much is this home worth?
The estimated value of the home located at 7027 West 63rd Place is $238,102.
What are some comparable homes to 7027 West 63rd Place?
There are currently no comparable homes to 7027 West 63rd Place.
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