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Lyons 60534
7314 W 40th Street
$235,000
● House - Off Market

7314 W 40th Street

LYONS, IL 60534
bedrooms
4 Beds
bathrooms
2 Baths
$505,551
RealtyHop Estimate
95.19%
Since Oct 1, 2008
National-US
Primary Model

About This Property

CUSTOM BUILT RANCH, IN QUIET WOODED AREA, WITH NEWER ROOF, NEW PERGO FLOORS ON MAIN LEVEL, NEW A/C & FURNACE, LARGE FINISHED BASEMENT WITH OFFICE, ADDITIONAL BEDROOM, AND NEW BATHROOM.  2.5 CAR GARAGE AND LARGE YARD.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1955

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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.

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 12
  • 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: 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: 3,600
  • Total Building Area: 1,536
  • Gross Building Area: 1,536
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAAS & POWELLS ADD/RIVERSIDE
  • Land Acres: 0000000083
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Lyons School District 103
  • Census Tract: 819100

Geography

  • District: 21
  • Parcel: 18-01-203-029-0000
  • Block: 8
  • Lot: 32
  • Meridian: SEC 01 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.8193
  • Longitude: -87.8056

    Address

  • Full Address: 7314 40th St
  • Address - House Number: 7314
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lyons
  • Carrier Code: C007
  • 4-Digit Zip Code: 1205
  • Zip Code: 60534

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $328,419
  • Tax Rate Code Area: 21049

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 224,231
  • High Value: 275,432
  • Low Value: 173,030

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $20,700
  • Market Improvement Value: $99,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000
  • Assessed Land Value: $2,070
  • Assessed Improvements Value: $9,930

    Sales

  • Current Sale Contract Date: May 06, 2020
  • Current Sale Recording Date: Jun 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2016807335
  • Previous Sale Recording Date: May 06, 2019
  • Previous Sale Contract Date: Apr 29, 2019
  • Previous Sale Document Type: 64
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 Lyons

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$218

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1705 ft²

Average Home Age

75.5 years

Currently For Sale

16 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 3648 Grove Avenue, Berwyn, IL, 60402

$1,100 /mo

  • 1 Bed
  • 1 Bath
3648 Grove Avenue #GARDEN, Berwyn, IL, 60402 Listing by Joseph Young
Unit for rent at 6401 W 52nd Street, Chicago, IL, 60638

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
6401 W 52nd Street #2, Chicago, IL, 60638 Listing by Marti LaHood
Unit for rent at 3014 Harlem Avenue, IL, 60546

$2,195 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
3014 Harlem Avenue #1, IL, 60546 Listing by Angela Walker

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robert Picciariello, Prello Realty, Inc.
Data Source: MRED, MLS# MRD06579044
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 7314 40th Street built and last sold?
The property at 7314 40th Street was built in 1955 and last sold on May 6, 2020 for $141,500.
How much is this home worth?
The estimated value of the home located at 7314 40th Street is $130,038.
What are some comparable homes to 7314 40th Street?
There are currently no comparable homes to 7314 40th Street.
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