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Worth 60482
7220 W 113th Street
$224,000
● House - Off Market

7220 W 113th Street

Worth, IL 60482
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,008 Ft²
$228,148
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

ATTRACTIVE, BRICK SPLIT LEVEL. 3 BEDROOMS (1 0N THE ON THE 1ST FLOOR) 1.5 BATHS (FULL BATH ON THE 1ST FLOOR), INVITING KITCHEN AND DINING AREA. LOWER LEVEL FAMILY ROOM AND LAUNDRY ROOM, OVERSIZED 2.5 CAR GARAGE AND SHED, SIDE DRIVE, WELL MANICURED LOT. NEAR PALOS POOL, LAKE KATHERINE RECREATION FACILITY AND WATER RECLAMATION PARK, SCHOOLS AND SHOPPING. HARDWOOD UNDER BEDROOM CARPETING.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$227
Property Type
House
Property Taxes
$96
HOA Dues
-
Year Built
1966

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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 #11834570)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Jul 18, 2023 Listed by Century 21 Circle $229,000
Listed by Century 21 Circle

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARLEM AVE ADD/A DUNAS
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823806

Geography

  • District: 30
  • Parcel: 23-24-208-016-0000
  • Lot: 103
  • Meridian: SEC 24 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.6865
  • Longitude: -87.7985

    Address

  • Full Address: 7220 W 113th St
  • Address - House Number: 7220
  • Street Direction: W
  • Address - Street Name: 113th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Worth
  • Carrier Code: C003
  • 4-Digit Zip Code: 1710
  • Zip Code: 60482

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $221,774
  • Tax Rate Code Area: 30012

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 234,400
  • High Value: 292,542
  • Low Value: 176,259

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $50,000
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $17,000

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Oct 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 46106
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 Worth

Stats & Trends

Median Asking:

$309,950

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1424 ft²

Average Home Age

60.3 years

Currently For Sale

20 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 10956 S 76th Avenue, Palos Hills, IL, 60465

$2,350 /mo

  • 2 Beds
  • 1 Bath
  • 1,668 ft²
10956 S 76th Avenue #E, Palos Hills, IL, 60465 Listing by Maria Bochenek
Unit for rent at 10330 S Mcvicker Avenue S, Chicago Ridge, IL, 60415

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,050 ft²
10330 S Mcvicker Avenue S #2, Chicago Ridge, IL, 60415 Listing by Tanya Coffman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Ham, Century 21 Circle
Last Updated: 3 years ago
Data Source: MRED, MLS# 11834570
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 7220 West 113th Street built and last sold?
The property at 7220 West 113th Street was built in 1966 and last sold on Sep 28, 2023 for $224,000.
How much is this home worth?
The estimated value of the home located at 7220 West 113th Street is $0.
What are some comparable homes to 7220 West 113th Street?
There are currently no comparable homes to 7220 West 113th Street.
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