16835 New England Ave

Tinley Park, IL 60477
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3 bd, 2 ba | 2,000 sqft | Built in 1950

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List Price
$399,900

Initial Investment

$108,973

Purchase Price

$399,900

Down Payment

25%

Rent

$2,650

Total Return

$54,999

Annualized Return

7.3%

Cap Rate

2.9%

Gross Yield

8.0%

Cash Flow

-$11,308

Appreciation

5.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

17,100

HOA

None

Flood Risk

Not Required

Tucked away in a prime location within walking distance to downtown Tinley Park, on a sprawling just shy of half-acre lot, this stunning renovation is transforming a classic home into a true showstopper. Taken down to the studs and rebuilt with meticulous attention to detail, every inch has been thoughtfully designed to blend modern comfort with timeless charm. Step inside to discover a beautifully reimagined bright open interior featuring three spacious bedrooms-including a sought-after first-floor master-and two full baths. The brand-new kitchen is truly the heart of the home opening to a spacious dining room. A brand-new two-car garage adds convenience, while the inviting three-season room is the perfect retreat for morning coffee or evening relaxation. Full unfinished basement just waiting for your design ideas. With new windows, HVAC, HWH and a whole-house generator, this home is as functional as it is beautiful.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$30,210

Expenses

-$5,377

Property Taxes

-$14,400

Loan Payments

-$21,741

Net Cash Flow

-$11,308

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Peggy Alexa
Agent License 471016662
RE/MAX 10
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12299570
Last Updated: 03/17/2025 18:03
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