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Davis Junction 61020
1107 Illinois Street
$23,000
● Land - Off Market

1107 Illinois Street

Davis Junction, IL 61020
bedrooms
Studio
bathrooms
0 Bath
$176
Est. Monthly

About This Property

Create your dream home on this charming, buildable lot nestled in a serene rural subdivision. Located on a quiet cul-de-sac and backing up to picturesque farmland, this property offers peaceful surroundings and stunning views. Enjoy the convenience of Stillman and Monroe Center schools and take a leisurely stroll to the nearby park. Embrace the beauty of both sunrise and sunset from your future home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$29
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.

Last updated: 3 years ago (MRED MLS #12151784)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Premium
Sold
Sep 19, 2024 In contract -
In contract
Aug 30, 2024 Listed by Weichert REALTORS Signature Professionals $30,000
Listed by Weichert REALTORS Signature Professionals
Apr 2, 2019 No longer available -
No longer available
Sep 21, 2018 Listed by NextHome First Class $19,900
Listed by NextHome First Class
1/4 Acre Build-able Lot in Davis Junction, IL - Ogle Crossings Plat #2, Lot 81.

Property Highlights

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: 11,925
  • 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: OGLE CROSSINGS PLAT #2
  • Land Acres: 0000000273
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: LOT 81 OGLE CROSSINGS PLAT# 2 VIL OF DAVIS JUNCTION

Neighborhood

  • School District Name: Meridian Community Unit School District 223
  • Census Tract: 961002

Geography

  • District: 22
  • Parcel: 11-27-210-001
  • Lot: 81
  • Municipality: SCOTT
  • Latitude: 42.0902
  • Longitude: -89.104

    Address

  • Full Address: 1107 Illinois St
  • Address - House Number: 1107
  • Address - Street Name: Illinois
  • Address - Suffix Type: St
  • State: IL
  • City Name: Davis Junction
  • Carrier Code: R602
  • 4-Digit Zip Code: 9791
  • Zip Code: 61020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,664
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 2240

    Appraisal Valuation

  • Standard Deviation: 0.1307
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 73
  • Final Value: 48,985
  • High Value: 55,391
  • Low Value: 42,578

    Market Valuation

  • Market Total Value: $11,412
  • Market Land Value: $11,412

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,804
  • Assessed Land Value: $3,804

    Sales

  • Current Sale Contract Date: Oct 13, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 202205893
  • Previous Sale Recording Date: May 09, 2022
  • Previous Sale Contract Date: Apr 30, 2022
  • Previous Sale Amount: $4,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Type:
    Premium
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 Davis Junction

Stats & Trends

Median Asking:

$259,950

Sale Price/ft²

$174

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2044 ft²

Average Home Age

22 years

Currently For Sale

4 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

Rentals Near You

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MRED

Listed by: Cathie Dame, Weichert REALTORS Signature Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 12151784
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 1107 Illinois Street built and last sold?
The property at 1107 Illinois Street was built in and last sold on Oct 13, 2022 for $6,500.
How much is this home worth?
The estimated value of the home located at 1107 Illinois Street is $30,300.
What are some comparable homes to 1107 Illinois Street?
There are currently no comparable homes to 1107 Illinois Street.
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