$107,500
●
Condo -
Off Market
8310 47th Street #3
Lyons, IL 60534
1 Bed
1 Bath
600 Ft²
$970
Est. Monthly
$200
HOA / Fees
14.25%
Cap Rate
About This Property
**Investor-friendly, more than 6 units are rented** Welcome to the
spacious 1 bedroom, 1 bathroom 1st-floor condo. The property
features a large living room with a sliding door leading to the
outside patio, an eat-in kitchen with essential appliances, a
generously sized bedroom, and laminate flooring throughout the
unit. Storage and coin laundry are just outside the door.
Conveniently located near popular restaurants, shopping centers,
schools, and parks, and with easy access to major highways and
public transportation - assigned parking space for 2 cars.
Unit Size
600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$200
Property Type
Condo
Property Taxes
$181
HOA Dues
$200
Year Built
-
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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 #12151240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Price Decreased |
$119,900
↓ $5K
(4.1%) | |
| Price Decreased | |||
| Aug 29, 2024 | Listed by City Homes Real Estate, Inc. | $125,000 | |
| Listed by City Homes Real Estate, Inc. | |||
Property Highlights
Parking Available
Parking Details
Total Number of Parking: 2
Parking Features: Assigned
Interior Details
Bedrooms: 1
Bathrooms: 1
Full Bathrooms: 1
Rooms: 4
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rebuilt(Y/N): No
Parcel Number: 18024190381003
Property Type: Residential
Year Built: 1975
Roof: Asphalt
No Disability Access
Special Conditions: None
Exterior Features: Patio
Lot Size Dimensions: COMMON
Water Source: Lake Michigan
Financial Details
Tax Year: 2023
Tax Annual Amount: $2,173
Utilities Details
Cooling: Window/Wall Unit - 1
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Township: Lyons
Corporate Limits: Lyons
Directions: 1st Avenue to 47th St and East to building
County or Parish: Cook
Elementary School District: 103
Middle Or Junior School District: 103
High School District: 204
High School: Lyons Twp High School
Other Details
Association Fee Includes: Heat, Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $200
Association Fee Freq: Monthly
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/15/2024
|
1 Bed
|
1 Bath
|
600 ft²
|
$128,000
1 Bed
1 Bath
600 ft²
|
-
-
|
Kevin Rodriguez
Re/Max 1st
| |
|
08/29/2024
|
1 Bed
|
1 Bath
|
600 ft²
|
$125,000
1 Bed
1 Bath
600 ft²
|
$107,500
-14.00%
11/12/2024
|
Katherine Shubert
City Homes Real Estate, Inc.
| |
|
07/06/2023
|
2 Bed
|
1 Bath
|
1000 ft²
|
$134,500
2 Bed
1 Bath
1000 ft²
|
$130,000
-3.35%
08/01/2023
|
Rafael Murillo
Compass
|
Building Info
About Lyons
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Listed by: Katherine Shubert, City Homes Real Estate, Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12151240
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12151240
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