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Lyons 60534
7723 45th Place
$415,000
● House - Off Market

7723 45th Place

Lyons, IL 60534
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,700 Ft²
$439,413
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Welcome to Lyons! Set your sights on this beauty. Complete gutted/rehab down to the studs in 2019. This farmhouse style modern home sits on  48X188 extra wide lot & features two levels of updated living space along with 4 bedrooms & 2.5 baths. Updates include Water Main from property out to street, mechanicals, plumbing, electrical, granite counter tops, stainless steel appliances & much more. Come see all that it has to offer.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1912

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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 #11442402)

Price History

Date / Event Date Event Price
Aug 12, 2022 Sold
Premium
Sold
Jun 21, 2022 Listed by Main Event Real Estate Group LTD $425,000
Listed by Main Event Real Estate Group LTD

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • 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: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,071
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,386
  • Gross Building Area: 1,386
  • Building Area: 1,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,386
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERSIDE ACRES
  • Land Acres: 0000000208
  • 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: 18-01-320-058-0000
  • Lot: 26
  • Meridian: SEC 01 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.8083
  • Longitude: -87.8141

    Address

  • Full Address: 7723 45th Pl
  • Address - House Number: 7723
  • Address - Street Name: 45th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lyons
  • Carrier Code: C003
  • 4-Digit Zip Code: 1913
  • Zip Code: 60534

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $450,728
  • Tax Rate Code Area: 21049

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 343,359
  • High Value: 420,938
  • Low Value: 265,780

    Market Valuation

  • Market Total Value: $387,160
  • Market Land Value: $52,160
  • Market Improvement Value: $335,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,716
  • Assessed Land Value: $5,216
  • Assessed Improvements Value: $33,500

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1251
  • Previous Sale Recording Date: Jul 24, 2018
  • Previous Sale Contract Date: Apr 24, 2018
  • Previous Sale Amount: $88,000
  • Previous Sale Document Type: 68
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

$219

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 3505 S Oak Park Avenue, Berwyn, IL, 60402

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
3505 S Oak Park Avenue #B1, Berwyn, IL, 60402 Listing by Mark Cerven

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Evelyn Noa, Main Event Real Estate Group LTD
Last Updated: 3 years ago
Data Source: MRED, MLS# 11442402
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 7723 45th Place built and last sold?
The property at 7723 45th Place was built in 1912 and last sold on Aug 12, 2022 for $415,000.
How much is this home worth?
The estimated value of the home located at 7723 45th Place is $0.
What are some comparable homes to 7723 45th Place?
There are currently no comparable homes to 7723 45th Place.
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