$175,000 - $223,000
RENTED AUG 15, 2025

2055 Magnolia Rd Homewood, IL 60430

2 Beds
1 Bath
1,128 Sq Ft
$173 Price per Sq Ft

Last Sold June 21, 2024

Last sale price $160,000 $142 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,228/month

Highlights

  • Living Room
  • Laundry Room
  • Central Air
  • Homewood-Flossmoor High School Rated A-
  • 1-Story Property
  • Dining Room

About This Home

As of August 2025

Introducing a Beautifully Renovated 2-bedroom, 1-bathroom Home located in the desirable Governors Park neighborhood. This property features a spacious living area and an additional family room, which can easily serve as an office, playroom, or even a third bedroom. The modern kitchen is equipped with new Samsung Stainless Steel Appliances and stunning quartz countertops, making it a chef's delight. Recent upgrades include a new air conditioning unit, high-quality hardwood floors, and premium doors throughout the home. The interior and exterior have been freshly painted, New concrete floor in garage and a New Garage Door has been installed for added convenience. The expansive yard is enclosed by a New Wooden Fence, providing a perfect space for outdoor activities. Over 650 credit score and 3x income required

Last Agent to Rent the Property

Rebeca Recio

John Greene Realtor License #475170974 Listed on: 07/29/2025

John Greene Realtor

Last Renter's Agent

Rebeca Recio

John Greene Realtor License #475170974 Listed on: 07/29/2025

John Greene Realtor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,999

Year Built

  • Built in 1952 | Remodeled in 2024

Lot Details

  • Lot Dimensions are 150x60

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 7/29/25

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,999

Year Built

Built in 1952 | Remodeled in 2024

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-07-29
  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Rental Price: 2500
  • Max Pet Weight: 75

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Detached: 1 Story
  • Property Attached: No
  • Property Sub-Type: 1 Story
  • Year Built: 1952
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1128
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • List Price: 2500
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Concrete, On Site, Detached, Garage
  • ParkingTotal: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Additional Pet Rent, Cats OK, Deposit Required, Dogs OK, Number Limit, Size Limit

Schools

  • Middle/Junior School District: 153

Lot Info

  • Lot Dimensions: 150X60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jun 11, 2024
Sold by
First National Bank/Manhattan and First Bank Of Manhattan
Bought by
Maciel Alexander Prop Llc
Seller's Agent
Jeff Trayes
Keller Williams Preferred Rlty
Buyer's Agent
Rebeca Recio
John Greene Realtor
List Price
$185,000
Sold Price
$160,000
Premium/Discount to List
-$25,000
-13.51%
Views
94
Current Estimated Value
$194,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,786
Avg. Annual Appreciation
16.07%

Purchase Details

Closed on
Jun 23, 2011
Sold by
Ferkula Carol A
Bought by
First Bank Of Manhattan and Trust #756

Purchase Details

Closed on
Mar 23, 2006
Sold by
Wenzel Lorelei Ann
Bought by
Ferkula Ronald S and Ferkula Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 28, 1998
Sold by
Wenzei Lorelei A
Bought by
Wenzel Lorelei Ann and Lorelei Ann Wenzel Living Trust

Purchase Details

Closed on
Dec 11, 1995
Sold by
Gerritsen Gilbert C and Gerritsen Julie Ann
Bought by
Wenzel Lorelei A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,000
Interest Rate
7.75%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maciel Alexander Prop Llc $120,000 None Listed On Document
Maciel Alexander Prop Llc $40,000 None Listed On Document
First Bank Of Manhattan -- Cti
Ferkula Ronald S $124,500 Chicago Title Insurance Co
Wenzel Lorelei Ann -- --
Wenzel Lorelei A $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferkula Ronald S $86,400
Previous Owner Wenzel Lorelei A $41,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2025 08/15/25 Rented $2,500 0.0% --
08/06/2025 08/06/25 Under Contract -- -- --
07/29/2025 07/29/25 For Rent $2,500 0.0% --
06/21/2024 06/21/24 Sold $160,000 -13.5% $142 / Sq Ft View Prior Sale
06/01/2024 06/01/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $185,000 +15.6% $164 / Sq Ft
04/13/2024 04/13/24 Off Market $160,000 -- --
04/11/2024 04/11/24 For Sale $185,000 -- $164 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $5,999 $14,000 $3,360 $10,640
2023 $6,164 $14,000 $3,360 $10,640
2022 $6,164 $11,490 $2,940 $8,550
2021 $5,748 $11,490 $2,940 $8,550
2020 $5,564 $11,490 $2,940 $8,550
2019 $4,521 $9,004 $2,730 $6,274
2018 $4,376 $9,004 $2,730 $6,274
2017 $4,380 $9,004 $2,730 $6,274
2016 $4,246 $8,551 $2,520 $6,031
2015 $4,206 $8,551 $2,520 $6,031
2014 $4,126 $8,551 $2,520 $6,031
2013 $4,294 $9,690 $2,520 $7,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12432288

Midwest Real Estate Data (MRED)

APN: 29-31-110-006-0000