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Tinley Park 60477
7140 Olde Gatehouse Road
$217,000
● House - Off Market

7140 Olde Gatehouse Road

Tinley Park, IL 60477
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,400 Ft²
$1,691
Est. Monthly
$195
HOA / Fees
8.55%
Cap Rate

About This Property

***Multiple Offers Received. Highest and Best Offers Due by 10am on 11/11/25.*** Spacious 2 bedroom 2.1 bath Tinley Park Steeple Run townhome features a bright living room with cathedral ceilings, skylight and fireplace, dining area with sliding door to the enclosed deck, galley kitchen with oak cabinets and stainless steel appliances, convenient main level powder room and laundry. The second level features a master suite with three closets, adjoining loft and a full bath with walk in shower, a second good sized bedroom with a walk-in closet and a full bathroom with tub/shower combination. Attached one car garage! Enclosed deck overlooks a grassy area! Great location near shopping, restaurants and parks! Property sold as-is.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
$440
HOA Dues
$195
Year Built
1990

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 669,080
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEEPLE RUN
  • Land Acres: 0000015360
  • Standard Land Use Code: 1004
  • County Land Use Code: 2-99
  • Legal Description 1: STEEPLE RUN CONDO UNIT 2

Neighborhood

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

Geography

  • District: 13
  • Parcel: 28-19-308-043-1068
  • Meridian: SEC 19 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.5911
  • Longitude: -87.7919

    Address

  • Full Address: 7140 Olde Gatehouse Rd
  • Address - House Number: 7140
  • Address - Street Name: Olde Gatehouse
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: C035
  • 4-Digit Zip Code: 6860
  • Zip Code: 60477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $345,965
  • Tax Rate Code Area: 13039

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 221,846
  • High Value: 262,162
  • Low Value: 181,530

    Market Valuation

  • Market Total Value: $205,500
  • Market Land Value: $93,940
  • Market Improvement Value: $111,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,550
  • Assessed Land Value: $9,394
  • Assessed Improvements Value: $11,156

    Sales

  • Current Sale Contract Date: Sep 15, 1994
  • Current Sale Recording Date: Sep 19, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 94816880

    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 Tinley Park

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1779 ft²

Average Home Age

34.6 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: Mary Wallace, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12510994
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 7140 Olde Gatehouse Road built and last sold?
The property at 7140 Olde Gatehouse Road was built in 1990 and last sold on Sep 15, 1994 for $115,000.
How much is this home worth?
The estimated value of the home located at 7140 Olde Gatehouse Road is $219,380.
What are some comparable homes to 7140 Olde Gatehouse Road?
There are currently no comparable homes to 7140 Olde Gatehouse Road.
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