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Hickory Hills 60457
8724 Willow Road
$300,000
● House - Off Market

8724 Willow Road

Hickory Hills, IL 60457
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,136 Ft²
$1,852
Est. Monthly
9.40%
Cap Rate

About This Property

The perfect opportunity to make this home your own! It features a large living and dining area perfect for entertaining, an eat in kitchen with stainless steel appliances, a lower level family room with an electric fireplace and adjacent half bath and laundry, 3 spacious bedrooms with hardwood flooring and ample closet space, a second floor full bath, an attached garage and a wonderful back yard with a patio and shed. Newer items include Furnace, CAC, electrical panel, tuck pointing and refrigerator in 2023, stove in 2022. Just steps from the Forest Preserve with miles of hiking and biking trails. Near schools, parks, shopping, restaurants and great highway access to I-55 and 294!
Unit Size
1,136 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$255
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1967

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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 #11981458)

Price History

Date / Event Date Event Price
Apr 11, 2024 Sold
Premium
Sold
Mar 5, 2024 Listed by RE/MAX Suburban $289,900
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,104
  • Total Building Area: 1,136
  • Gross Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER RDG
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Consolidated High School District 230
  • Census Tract: 823704

Geography

  • District: 30
  • Parcel: 23-03-206-002-0000
  • Lot: 267
  • Meridian: SEC 03 TWN 37N RNG 12E
  • Municipality: PALOS
  • Latitude: 41.7318
  • Longitude: -87.841

    Address

  • Full Address: 8724 Willow Rd
  • Address - House Number: 8724
  • Address - Street Name: Willow
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Hickory Hills
  • Carrier Code: C077
  • 4-Digit Zip Code: 1272
  • Zip Code: 60457

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $498,835
  • Tax Rate Code Area: 30017

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 286,822
  • High Value: 315,822
  • Low Value: 257,822

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $46,180
  • Market Improvement Value: $223,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $4,618
  • Assessed Improvements Value: $22,382
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 Hickory Hills

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1808 ft²

Average Home Age

39.3 years

Currently For Sale

46 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

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MRED

Listed by: Roger Rossi, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11981458
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 8724 Willow Road built and last sold?
The property at 8724 Willow Road was built in 1967 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8724 Willow Road is $0.
What are some comparable homes to 8724 Willow Road?
There are currently no comparable homes to 8724 Willow Road.
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