Owner
$305,216
1602 S 61ST AVE, CICERO, IL
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
3
baths
1
sq. ft.
1,390
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Detached Garage
1 Story
Improved Basement (Finished)
Hot Water
Masonry
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1928
Building Size
1,390 sq ft
Lot Size
4,158 sq ft
Lot Size (Acres)
0.10 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
16-20-305-020-0000
County
Cook County, Illinois
Metro Area
Chicago-Naperville-Elgin, IL-IN
Zoning
—
Neighborhood/Subdivision
MANDEL & HYMANS
Lot Number
1
School District
Cicero School District 99
Legal Description
(MANDEL) & (HYMANS) SUB EH SW SEC 20-39-13
Tax & Value Information
Market Value (Total)
$214,620
Building Value
$166,800
Land Value
$47,820
Annual Property Tax
$5,810
Tax Assessment Year
2022
Assessed Value
$21,462
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
2/15/1994
Recording Date
2/22/1994
Sales Document #
1994.128
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$11,810
Return on Investment
15.60%
After Repair Value
$335,738
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$274,694
Renovation Cost
$15,261
Closing Costs (buying)
$5,494
Holding Costs
$8,334
Selling Costs
$20,144
Total Investment
$75,694
After Repair Value (ARV)
$335,738
Total Costs
$323,927
Estimated Profit
$11,810
Cash Invested
$70,200
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area