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Will 60448
9519 Elm Avenue
$203,000
● House - Off Market

9519 Elm Avenue

Mokena, IL 60448
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,120 Ft²
$1,348
Est. Monthly
12.42%
Cap Rate

About This Property

Welcome to your next project in Arbury Hills Mokena! This charming ranch-style home offers three bedrooms, one and a half baths, a true one-story with no steps, and ample potential to build sweat equity. With an attached one-car garage, a detached two-car heated garage, and a full basement. Large, fully fenced yard for privacy and relaxation. This property is offered strictly as-is, ideal for investors or buyers looking to put in some work to make it theirs, fix-up, buy and hold, or fix-flip for a profit.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
-
Price per sqft
$156
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1961

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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 #11991956)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold
Premium
Sold
Mar 7, 2024 Listed by eXp Realty, LLC $175,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 336
  • Garage Type: 10
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,940
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARBURY HILLS
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 89 IN ARBURY HILLS SUB, A SUB PRT OF THE SW1/4 NW1/4 OF SEC 10, T35N-R12E.

Neighborhood

  • School District Name: Summit Hill School District 161
  • Census Tract: 883513

Geography

  • Parcel: 19-09-10-109-003
  • Lot: 89
  • Meridian: SEC 10 TWN 35N RNG 12E
  • Municipality: FRANKFORT
  • Latitude: 41.5364
  • Longitude: -87.8489

    Address

  • Full Address: 9519 Elm Ave
  • Address - House Number: 9519
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mokena
  • Carrier Code: R033
  • 4-Digit Zip Code: 8494
  • Zip Code: 60448

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $585,832
  • Tax Rate Code Area: 1940

    Appraisal Valuation

  • Standard Deviation: 0.1722
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 265,655
  • High Value: 311,388
  • Low Value: 219,921

    Market Valuation

  • Market Total Value: $212,730
  • Market Land Value: $48,906
  • Market Improvement Value: $163,824

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,910
  • Assessed Land Value: $16,302
  • Assessed Improvements Value: $54,608

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 1999
  • Current Sale Recording Date: Jan 04, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2000000746
  • Previous Sale Recording Date: Oct 08, 1999
  • Previous Sale Contract Date: Sep 10, 1999
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71
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 Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2347 ft²

Average Home Age

33.8 years

Currently For Sale

1501 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

Rentals Near You

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MRED

Listed by: Raymond Kennedy, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11991956
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 9519 Elm Avenue built and last sold?
The property at 9519 Elm Avenue was built in 1961 and last sold on Dec 23, 1999 for $126,000.
How much is this home worth?
The estimated value of the home located at 9519 Elm Avenue is $0.
What are some comparable homes to 9519 Elm Avenue?
There are currently no comparable homes to 9519 Elm Avenue.
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