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Sublette 61367
108 W 3rd Street
$45,000
● House - Off Market

108 W 3rd Street

Sublette, IL 61367
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,488 Ft²
$352
Est. Monthly
52.72%
Cap Rate

About This Property

HANDYMAN SPECIAL. HOME BEING SOLD AS-IS. This two-story home offers incredible potential for the right buyer looking to put their personal touch on a project. Featuring 3 bedrooms and 1 bathroom, this handyman special is a blank canvas waiting for transformation. Home has been partially gutted. Key updates include a brand-new roof, siding, and windows(6 old windows still on house) ( all replaced in 2025) Providing room for future improvements. Situated on a large corner double lot, there's ample space for outdoor activities or expansion. The property also includes a one-car detached garage & shed for additional storage or workspace. While this home does not currently have HVAC, electrical, or plumbing, it presents a rare opportunity for renovation and customization. With some TLC, this home could be a true gem!
Unit Size
1,488 Ft²
Days on Market
-
Land Size
-
Price per sqft
$34
Property Type
House
Property Taxes
$107
HOA Dues
-
Year Built
1900

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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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 552
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEYERS ADD SUB
  • Land Acres: 0000000400
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SECT/LOT:00 TWP:00 RNG/BLK:006 WYERS ADD SUBLETTE LOTS 7 8

Neighborhood

  • School District Name: Amboy Community Unit School District 272
  • Census Tract: 000900

Geography

  • Account Number: 131076
  • District: 19
  • Parcel: 19-22-16-232-006
  • Block: 6
  • Lot: 7-8
  • Municipality: SUBLETTE
  • Latitude: 41.6407
  • Longitude: -89.2298

    Address

  • Full Address: 108 W 3rd St
  • Address - House Number: 108
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Sublette
  • Carrier Code: R777
  • 4-Digit Zip Code: 9433
  • Zip Code: 61367

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $121,316
  • Tax Rate Code Area: 19001

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 72,622
  • High Value: 86,440
  • Low Value: 58,804

    Market Valuation

  • Market Total Value: $48,162
  • Market Land Value: $15,240
  • Market Improvement Value: $32,922

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,054
  • Assessed Land Value: $5,080
  • Assessed Improvements Value: $10,974

    Sales

  • Current Sale Contract Date: May 23, 2014
  • Current Sale Recording Date: Jun 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201402034
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 Sublette

Stats & Trends

Median Asking:

$174,450

Sale Price/ft²

$100

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1160 ft²

Average Home Age

66 years

Currently For Sale

1 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: Lori Erbes, Erbes Realty LLC
Data Source: MRED, MLS# MRD12328722
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 108 West 3rd Street built and last sold?
The property at 108 West 3rd Street was built in 1900 and last sold on May 23, 2014 for $10,500.
How much is this home worth?
The estimated value of the home located at 108 West 3rd Street is $0.
What are some comparable homes to 108 West 3rd Street?
There are currently no comparable homes to 108 West 3rd Street.
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