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Flossmoor 60422
827 Latimer Lane
$216,000
● House - Off Market

827 Latimer Lane

Flossmoor, IL 60422
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,536 Ft²
$1,689
Est. Monthly
8.51%
Cap Rate

About This Property

"Welcome to this charming, roomy two-story Georgian nestled on a peaceful street, offering the perfect blend of comfort and modern updates. With three generously sized bedrooms, including a spacious master suite, this home provides ample space for relaxation and family living. Recent upgrades, such as a newer roof, siding, electrical system, and copper piping, and new windows ensure both durability and peace of mind. The fenced yard is an ideal retreat, complete with a rear pad for additional parking. Inside, you'll find a cozy main-level family room, perfect for gathering and unwinding. Complete with a backup generator, this home is equipped to handle whatever comes your way. Don't miss out on this exceptional opportunity-welcome home, where fresh starts await and the promise of new beginnings fills the air."
Unit Size
1,536 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1945

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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: 2 years ago (MRED MLS #12220274)

Price History

Date / Event Date Event Price
Mar 7, 2025 Sold
Premium
Sold
Feb 7, 2025 In contract -
In contract
Jan 28, 2025 Price Decreased $234,900
↓ $14K (5.7%)
Price Decreased
Dec 5, 2024 Listed by HomeSmart Realty Group $249,000
Listed by HomeSmart Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,350
  • 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: 1
  • 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: FLOSSMOOR PARK ADD
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828801

Geography

  • District: 12
  • Parcel: 32-06-305-014-0000
  • Block: 21
  • Lot: 14
  • Meridian: SEC 06 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5473
  • Longitude: -87.6655

    Address

  • Full Address: 827 Latimer Ln
  • Address - House Number: 827
  • Address - Street Name: Latimer
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Flossmoor
  • Carrier Code: C001
  • 4-Digit Zip Code: 1329
  • Zip Code: 60422

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $666,330
  • Tax Rate Code Area: 12020

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 274,174
  • High Value: 336,779
  • Low Value: 211,569

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $36,750
  • Market Improvement Value: $173,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $3,675
  • Assessed Improvements Value: $17,325

    Sales

  • Current Sale Contract Date: Dec 01, 2015
  • Current Sale Recording Date: Dec 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 41
  • Current Sale Input Document Number: 1535049407

    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 Flossmoor

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$150

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2169 ft²

Average Home Age

58.5 years

Currently For Sale

28 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 2107 171st Street, Hazel Crest, IL, 60429

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,158 ft²
2107 171st Street #2107, Hazel Crest, IL, 60429 Listing by Johnnessa White
Unit for rent at 17306 Holmes Avenue, Hazel Crest, IL, 60429

$2,195 /mo

  • 3 Beds
  • 2 Baths
  • 1,535 ft²
17306 Holmes Avenue, Hazel Crest, IL, 60429 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Victor Jones, HomeSmart Realty Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12220274
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 827 Latimer Lane built and last sold?
The property at 827 Latimer Lane was built in 1945 and last sold on Dec 1, 2015 for $119,500.
How much is this home worth?
The estimated value of the home located at 827 Latimer Lane is $237,210.
What are some comparable homes to 827 Latimer Lane?
There are currently no comparable homes to 827 Latimer Lane.
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