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Normal 61761
1003 Franklin Avenue
$85,000
● House - Off Market

1003 Franklin Avenue

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,132 Ft²
$99,627
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Estate home Sold "As Is" "Where Is".... Home is located near the Hospital as well as local colleges.  Home sits on a double lot, value comes from the property and not the home.
Unit Size
3,132 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$32
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1895

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11744953)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
Mar 24, 2023 Listed by Sunflower Real Estate Group $99,900
Listed by Sunflower Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 245
  • Garage Type: 7
  • Garage Square Area: 384
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,697
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,132
  • Building Area: 2,887
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,887
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 7TH ADD NORMAL
  • Land Acres: 0000000291
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 7TH ADD TO NORMAL S1/2 LOT 4 & ALL LOT 5 BLK 4

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000400

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Subdivision Tract Number: 1
  • Parcel: 14-33-202-007
  • Block: 4
  • Lot: 4,5
  • Meridian: SEC 33 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5011
  • Longitude: -88.9915

    Address

  • Full Address: 1003 Franklin Ave
  • Address - House Number: 1003
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C044
  • 4-Digit Zip Code: 3511
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $333,082
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 96,576
  • High Value: 105,271
  • Low Value: 87,882

    Market Valuation

  • Market Total Value: $111,237
  • Market Land Value: $42,528
  • Market Improvement Value: $68,709

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,079
  • Assessed Land Value: $14,176
  • Assessed Improvements Value: $22,903
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Normal

Stats & Trends

Median Asking:

$277,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2099 ft²

Average Home Age

42.6 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carrie Reardon, Sunflower Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11744953
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1003 Franklin Avenue built and last sold?
The property at 1003 Franklin Avenue was built in 1895 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1003 Franklin Avenue is $115,321.
What are some comparable homes to 1003 Franklin Avenue?
There are currently no comparable homes to 1003 Franklin Avenue.
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