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Tinley Park 60487
8461 Currant Avenue
$280,000
● House - Off Market

8461 Currant Avenue

Tinley Park, IL 60487
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$1,894
Est. Monthly
7.93%
Cap Rate

About This Property

Welcome to a charming split-level nestled in the heart of Tinley Park. With 3 bedrooms and 2 bathrooms with ample space.    This home is a blank slate awaiting your personal touch. Water Heater 2018, Siding/Soffits/Fascia 2020, Sump pump with alarm and waterproofing 2019, Furnace 2021
Unit Size
1,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$230
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1978

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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 #11933179)

Price History

Date / Event Date Event Price
Jan 12, 2024 Sold
Premium
Sold
Nov 17, 2023 Listed by eXp Realty, LLC $299,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,577
  • Total Building Area: 1,300
  • Gross Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERRY HILL FARMS UNIT3
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (CHERRY) HILL (FARMS) (UNIT3) SUB OF PT EH NW SEC26 & EH NW SEC 26-36-12

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 824121

Geography

  • District: 28
  • Parcel: 27-23-319-019-0000
  • Lot: 268
  • Meridian: SEC 26 TWN 36N RNG 12E
  • Municipality: ORLAND
  • Latitude: 41.5884
  • Longitude: -87.8256

    Address

  • Full Address: 8461 Currant Ave
  • Legal Unit: 3
  • Address - House Number: 8461
  • Address - Street Name: Currant
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Tinley Park
  • Carrier Code: R004
  • 4-Digit Zip Code: 1169
  • Zip Code: 60487

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $510,368
  • Tax Rate Code Area: 28013

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 292,628
  • High Value: 322,215
  • Low Value: 263,041

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $62,250
  • Market Improvement Value: $257,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $6,225
  • Assessed Improvements Value: $25,775

    Sales

  • Current Sale Contract Date: Jan 09, 2024
  • Current Sale Recording Date: Jan 17, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33353
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 Tinley Park

Stats & Trends

Median Asking:

$344,990

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1794 ft²

Average Home Age

33.5 years

Currently For Sale

112 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 9840 El Cameno Lane, Orland Park, IL, 60462

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
9840 El Cameno Lane #1S, Orland Park, IL, 60462 Listing by Joseph Lozano
Unit for rent at 16661 Liberty Circle, Orland Park, IL, 60467

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
16661 Liberty Circle #2S, Orland Park, IL, 60467 Listing by Michele Beckers
Unit for rent at 16690 Liberty Circle, Orland Park, IL, 60467

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,400 ft²
16690 Liberty Circle #3N, Orland Park, IL, 60467 Listing by Daiva Barciene

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ashley Shulman, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11933179
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 8461 Currant Avenue built and last sold?
The property at 8461 Currant Avenue was built in 1978 and last sold on Jan 9, 2024 for $280,000.
How much is this home worth?
The estimated value of the home located at 8461 Currant Avenue is $300,652.
What are some comparable homes to 8461 Currant Avenue?
There are currently no comparable homes to 8461 Currant Avenue.
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