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Bloomington 61701
1120 N State Street
$153,000
● House - Off Market

1120 N State Street

Bloomington, IL 61701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$990
Est. Monthly
11.21%
Cap Rate

About This Property

Charming 2-bedroom home with sunroom and updates throughout.  Step into this lovely 2 bedroom home featuring a spacious family room and bright sunroom--perfect for relaxing or entertaining.  You'll appreciate the durable LVP flooring, newer windows and roof along with an newer furnace/central air and water heater.  1-car garage and fully fenced yard--ideal for pets, play or gardening.  Move-in ready and packed with updates, this home is a must see!
Unit Size
936 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1953

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 825
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 7,773
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,650
  • Gross Building Area: 1,771
  • Building Area: 825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 825
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILBUR M CARTERS EMPIRE ADD
  • Land Acres: 0000000178
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: WILBUR M CARTERS EMPIRE ADD LOT 8 BLK 1

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001301

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 14-34-354-026
  • Block: 1
  • Lot: 8
  • Meridian: SEC 34 TWN 24N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4898
  • Longitude: -88.9767

    Address

  • Full Address: 1120 N State St
  • Address - House Number: 1120
  • Street Direction: N
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C030
  • 4-Digit Zip Code: 1959
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $257,542
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.228
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 134,084
  • High Value: 164,668
  • Low Value: 103,500

    Market Valuation

  • Market Total Value: $90,909
  • Market Land Value: $25,017
  • Market Improvement Value: $65,892

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,303
  • Assessed Land Value: $8,339
  • Assessed Improvements Value: $21,964

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00026580
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 Bloomington

Stats & Trends

Median Asking:

$262,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2476 ft²

Average Home Age

58.9 years

Currently For Sale

112 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: Jacqui Miller, Keller Williams Revolution
Data Source: MRED, MLS# MRD12418559
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 1120 North State Street built and last sold?
The property at 1120 North State Street was built in 1953 and last sold on Oct 20, 2021 for $60,000.
How much is this home worth?
The estimated value of the home located at 1120 North State Street is $0.
What are some comparable homes to 1120 North State Street?
There are currently no comparable homes to 1120 North State Street.
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