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Henry 61537
1115 Front Street
$51,000
● House - Off Market

1115 Front Street

Henry, IL 61537
bedrooms
2 Beds
bathrooms
1 Bath
square feet
875 Ft²
$401
Est. Monthly
35.44%
Cap Rate

About This Property

Welcome to your future home, a ranch-style retreat nestled in a quiet neighborhood! This bank-owned property offers a fantastic opportunity to make your mark on a cozy abode with immense potential.  Step into the warmth of hardwood floors throughout the living room and bedrooms(s) of this quaint home, providing a timeless and inviting ambiance. The two bedrooms offer cozy retreats, perfect for creating a personalized haven for relaxation and rest. Embrace the potential of this property, as a bit of TLC could transform it into the perfect dream home.
Unit Size
875 Ft²
Days on Market
-
Land Size
-
Price per sqft
$77
Property Type
House
Property Taxes
$71
HOA Dues
-
Year Built
1950

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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: 2 years ago (MRED MLS #11997887)

Price History

Date / Event Date Event Price
May 22, 2024 Sold
Premium
Sold
Mar 5, 2024 Listed by RE/MAX 1st Choice $67,000
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,320
  • Lot Size Depth Feet: 790
  • Lot Size Frontage Feet: 800
  • Total Building Area: 887
  • Gross Building Area: 887
  • Building Area: 887
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 887
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: S 79.6 LOT 74 ORIGINAL TOWN. LOT SIZE: 80 X 79

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 961200

Geography

  • Parcel: 03-16-378-010
  • Lot: 74
  • Municipality: HENRY
  • Latitude: 41.1068
  • Longitude: -89.3625

    Address

  • Full Address: 1115 Front St
  • Address - House Number: 1115
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: IL
  • City Name: Henry
  • Carrier Code: C002
  • 4-Digit Zip Code: 1621
  • Zip Code: 61537

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $85,410
  • Tax Rate Code Area: HE001

    Appraisal Valuation

  • Standard Deviation: 0.4951
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 56
  • Final Value: 86,924
  • High Value: 112,746
  • Low Value: 61,102

    Market Valuation

  • Market Total Value: $71,646
  • Market Land Value: $8,919
  • Market Improvement Value: $62,727

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,882
  • Assessed Land Value: $2,973
  • Assessed Improvements Value: $20,909

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Henry

Stats & Trends

Median Asking:

$109,006

Sale Price/ft²

$90

Below Asking

0.01%

Average Days on Market

79

Average Home Size

1449 ft²

Average Home Age

69.7 years

Currently For Sale

3 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: Douglas Carroll, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 11997887
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 1115 Front Street built and last sold?
The property at 1115 Front Street was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1115 Front Street is $67,670.
What are some comparable homes to 1115 Front Street?
There are currently no comparable homes to 1115 Front Street.
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