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Lyons 60534
8620 44th Place
$284,900
● House - Off Market

8620 44th Place

Lyons, IL 60534
bedrooms
3 Beds
bathrooms
1 Bath
square feet
988 Ft²
$1,759
Est. Monthly
11.94%
Cap Rate

About This Property

Check out this fully renovated Lyons home.  Completely gutted including all new wiring, plumbing and HVAC.  Upgraded water service per village code.  Modern kitchen with new cabinets, quartz countertop and stainless steel appliances.  Refinished hardwood flooring. All new doors, trim and windows.  Updated bathroom with new tile and vanity.  Painted in neutral color.  2 car garage.  This home will not disappoint.
Unit Size
988 Ft²
Days on Market
-
Land Size
-
Price per sqft
$288
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1954

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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 #12036494)

Price History

Date / Event Date Event Price
May 29, 2024 Sold
Premium
Sold
Apr 24, 2024 Listed by DNV Solutions LLC $284,900
Listed by DNV Solutions LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • 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: 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: 5,100
  • Total Building Area: 988
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONE & COMPANYS FIFTH ADD TO RIVERSIDE
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: H O (STONE) & COMPANYS (FIFTH) ADD TO (RIVERSIDE) IN SEC 2 & SEC 3 SEC 02-38-12

Neighborhood

  • School District Name: Lyons School District 103
  • Census Tract: 819200

Geography

  • District: 21
  • Parcel: 18-02-303-061-0000
  • Lot: 17
  • Meridian: SEC 02 TWN 38N RNG 12E
  • Municipality: LYONS
  • Latitude: 41.8106
  • Longitude: -87.8364

    Address

  • Full Address: 8620 44th Pl
  • Address - House Number: 8620
  • Address - Street Name: 44th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lyons
  • Carrier Code: C004
  • 4-Digit Zip Code: 1611
  • Zip Code: 60534

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $451,387
  • Tax Rate Code Area: 21049

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 257,717
  • High Value: 316,564
  • Low Value: 198,870

    Market Valuation

  • Market Total Value: $180,010
  • Market Land Value: $29,330
  • Market Improvement Value: $150,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,001
  • Assessed Land Value: $2,933
  • Assessed Improvements Value: $15,068

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34015
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:

$317,000

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1797 ft²

Average Home Age

77.3 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 829 S La Grange Road, La Grange, IL, 60525

$3,395 /mo

  • 2 Beds
  • 2 Baths
  • 2,100 ft²
829 S La Grange Road #A, La Grange, IL, 60525 Listing by Alan Meltzer

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Tassone, DNV Solutions LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12036494
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 8620 44th Place built and last sold?
The property at 8620 44th Place was built in 1954 and last sold on Nov 15, 2023 for $98,000.
How much is this home worth?
The estimated value of the home located at 8620 44th Place is $284,567.
What are some comparable homes to 8620 44th Place?
There are currently no comparable homes to 8620 44th Place.
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