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$179,900

For Sale - Active
16613 Wedgewood Ave, Markham, IL 60428
3 Beds
1 Bath
960 Square Feet
0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: May 29, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
$339
Cap Rate
8.6%
Cash-on-Cash Return
9.8%
Debt Coverage Ratio
1.36
Internal Rate of Return (5 years)
13.6%

Property Description


0.00 Acres Lot
Built in 1955
For Sale - Active
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 16613 Wedgewood Ave, Markham, IL (ZIP code 60428) this single family residence features 3 bedrooms, 1 bathroom and approximately 960 square feet of living space. The property was built in 1955.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Asphalt, Heated Garage, On Site, Attached, Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Attic: Yes
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2823425045
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1955

Tax Information

  • Annual Tax: $4,440

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cook

Listing Details


Listed by:
Edward Evangelista
Coldwell Banker Realty
(630) 954-4600

Source:
Midwest Real Estate Data (MRED)
MLS#: 12290965
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$339
Cap Rate
8.6%
Cash-on-Cash Return
9.8%
Debt Coverage Ratio
1.36
Internal Rate of Return (5 years)
13.6%

Purchase Details

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Purchase price:
$179,900
Amount financed:
-$143,920
Down payment:
$35,980
Closing costs:
$5,397
Rehab costs:
$0
Initial cash invested:
$41,377
Square feet:
960
Cost per square foot:
$187
Monthly rent per square foot:
$2.50

Financing Details

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Loan amount:
$143,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$947
Property tax:
$370
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,485

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$370-$4,440
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$970-$11,640

Cash Flow


Monthly Yearly
Net operating income:
$1,286 $15,432
Mortgage payments:
-$947 -$11,364
Cash flow:
$339 $4,068