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Normal 61761
102 Cheltenham Drive
$273,300
● House - Off Market

102 Cheltenham Drive

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,700 Ft²
$1,714
Est. Monthly
8.14%
Cap Rate

About This Property

Outstanding home conveniently located near parks, schools and just minutes to Rivian. Unique split level design with large foyer and a 12x11 room off the entry perfect for an office, drop zone or as it is currently as an entertainment area with bar that leads to the patio. Upper level features a large living room, formal dining room and kitchen that features lots of cabinets, tile backsplash and stainless-steel appliances. 2 bedrooms and a full bath are also located on the upper level. Finished lower level has a huge family room, additional bedroom and bathroom plus laundry and storage. Roof replaced in 2014, furnace and A/C new in 2021 (Ecobee smart thermostat), water heater 2016. 2 car attached garage, fenced yard, screened porch. Too much to list - MUST SEE!
Unit Size
2,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$96
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MRED MLS #12275131)

Price History

Date / Event Date Event Price
Mar 3, 2025 Sold
Premium
Sold
Jan 25, 2025 In contract -
In contract
Jan 22, 2025 Listed by RE/MAX Choice $259,900
Listed by RE/MAX Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,248
  • Garage Type: 7
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,624
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,749
  • Building Area: 1,501
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,501
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKSIDE SOUTH SUB
  • Land Acres: 0000000244
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: PARKSIDE SOUTH SUB LOT 30

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000302

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-30-427-002
  • Lot: 30
  • Meridian: SEC 30 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5092
  • Longitude: -89.0219

    Address

  • Full Address: 102 Cheltenham Dr
  • Address - House Number: 102
  • Address - Street Name: Cheltenham
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Normal
  • Carrier Code: R012
  • 4-Digit Zip Code: 2733
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $492,538
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 253,869
  • High Value: 301,296
  • Low Value: 206,441

    Market Valuation

  • Market Total Value: $182,490
  • Market Land Value: $34,314
  • Market Improvement Value: $148,176

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,830
  • Assessed Land Value: $11,438
  • Assessed Improvements Value: $49,392

    Sales

  • Current Sale Contract Date: Sep 24, 2015
  • Current Sale Recording Date: Oct 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015-00018838
  • Previous Sale Recording Date: Mar 17, 2010
  • Previous Sale Contract Date: Mar 12, 2010
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 71
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:

$275,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2265 ft²

Average Home Age

37.6 years

Currently For Sale

40 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

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MRED

Listed by: Will Grimsley, RE/MAX Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 12275131
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 102 Cheltenham Drive built and last sold?
The property at 102 Cheltenham Drive was built in 1976 and last sold on Sep 24, 2015 for $176,000.
How much is this home worth?
The estimated value of the home located at 102 Cheltenham Drive is $265,935.
What are some comparable homes to 102 Cheltenham Drive?
There are currently no comparable homes to 102 Cheltenham Drive.
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