16054 Cottage Grove Ave South Holland, IL 60473
South River-Cook County NeighborhoodEstimated payment $617/month
Highlights
- Cape Cod Architecture
- Laundry Room
- Baseboard Heating
- Living Room
- Dining Room
- Family Room
About This Home
Perfect for investors! An outstanding opportunity to own a high-performing rental property! This home features recent updates, including a two-year-old roof, fresh exterior paint, and interior improvements. Current NOI: 19K+ Potential to increase to nearly 33K by optimizing bedrooms under the voucher program. The true value of this property lies in its strong income-generating potential-a fantastic addition to any investment portfolio!
Listing Agent
Better Homes & Gardens Real Estate License #475199882 Listed on: 02/16/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1939 | Remodeled in 2020
Lot Details
- Lot Dimensions are 88 x 170
Parking
- 1 Parking Space
Home Design
- Cape Cod Architecture
Interior Spaces
- 1,500 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Full Bathrooms
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
- Lake Michigan Water
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,336 | $20,000 | $8,524 | $11,476 |
| 2023 | $8,693 | $20,000 | $8,524 | $11,476 |
| 2022 | $8,693 | $14,503 | $7,307 | $7,196 |
| 2021 | $8,597 | $14,501 | $7,306 | $7,195 |
| 2020 | $8,098 | $14,501 | $7,306 | $7,195 |
| 2019 | $7,963 | $13,638 | $6,494 | $7,144 |
| 2018 | $7,778 | $13,638 | $6,494 | $7,144 |
| 2017 | $7,555 | $13,638 | $6,494 | $7,144 |
| 2016 | $6,873 | $12,672 | $6,088 | $6,584 |
| 2015 | $6,664 | $12,672 | $6,088 | $6,584 |
| 2014 | $6,520 | $12,672 | $6,088 | $6,584 |
| 2013 | $7,459 | $15,377 | $6,088 | $9,289 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Pending | -- | -- | -- |
| 08/18/2025 08/18/25 | For Sale | $97,500 | 0.0% | $65 / Sq Ft |
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | Price Changed | $97,500 | -2.5% | $65 / Sq Ft |
| 05/01/2025 05/01/25 | Price Changed | $100,000 | -16.7% | $67 / Sq Ft |
| 03/04/2025 03/04/25 | Price Changed | $120,000 | -40.0% | $80 / Sq Ft |
| 02/16/2025 02/16/25 | For Sale | $200,000 | -- | $133 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $25,500 | Chicago Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $70,000 | Ct | |
| Interfamily Deed Transfer | $60,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $171,500 | Credit Line Revolving | |
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $60,000 | Seller Take Back |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12291828
APN: 29-15-407-102-0000
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