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Braidwood 60408
1098 Madison Avenue
$337,500
● House - Off Market

1098 Madison Avenue

Braidwood, IL 60408
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,466 Ft²
$1,684
Est. Monthly
9.07%
Cap Rate

About This Property

HUGE GARAGE ... READY TO MOVE IN!!  This new construction house is a 3 bedroom 2 bath ranch.  This home features a partial stone front, granite countertops, custom cabinets, stainless steel appliances, vinyl plank throughout, covered porches on the front and back of the house and it sits on a large corner lot.  The garage is 24x28 and it is detached, insulated, drywalled and painted, A PERFECT MAN CAVE!  The concrete driveway measures 19 feet wide by 100 feet long.  It is located minutes from I-55 and is in the Reed Custer School District. This property is easy to show - come take a look!!
Unit Size
1,466 Ft²
Days on Market
-
Land Size
-
Price per sqft
$230
Property Type
House
Property Taxes
$27
HOA Dues
-
Year Built
-

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: HICKORY TRAILS
  • Land Acres: 0000000400
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LOT 13 IN HICKORY TRAILS SUB, BEING A SUB OF LOTS 3 THRU 10 IN BLOCK 1, LOTS 1 THRU 10 IN BLOCK 2, LOTS 1 2 IN BLOCK 7, LOT

Neighborhood

  • School District Name: Reed Custer Community Unit School District 255U
  • Census Tract: 884003

Geography

  • Parcel: 02-24-07-104-024
  • Block: 1
  • Lot: 1,1,10
  • Meridian: SEC 07 TWN 32N RNG 09E
  • Municipality: REED TWP
  • Latitude: 41.2736
  • Longitude: -88.2412

    Address

  • Full Address: 1098 Madison Ave
  • Address - House Number: 1098
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Braidwood
  • Carrier Code: R001
  • 4-Digit Zip Code: 1492
  • Zip Code: 60408

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,302
  • Tax Rate Code Area: 0217

    Market Valuation

  • Market Total Value: $11,706
  • Market Land Value: $11,706

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,902
  • Assessed Land Value: $3,902

    Sales

  • Current Sale Contract Date: Feb 17, 2017
  • Current Sale Recording Date: Feb 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017016372
  • Previous Sale Recording Date: Feb 24, 2006
  • Previous Sale Contract Date: Feb 16, 2006
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: 27
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 Braidwood

Stats & Trends

Median Asking:

$267,000

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1231 ft²

Average Home Age

32 years

Currently For Sale

25 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: Brenda McPherson, Olive Branch Realty
Data Source: MRED, MLS# MRD12278695
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 1098 Madison Avenue built and last sold?
The property at 1098 Madison Avenue was built in and last sold on Feb 17, 2017 for $10,000.
How much is this home worth?
The estimated value of the home located at 1098 Madison Avenue is $0.
What are some comparable homes to 1098 Madison Avenue?
There are currently no comparable homes to 1098 Madison Avenue.
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