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McHenry 60152
11530 S Il Route 23
$315,000
● House - Off Market

11530 S Il Route 23

Marengo, IL 60152
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,638
Est. Monthly

About This Property

Rare 2 bedroom ranch styled home that sits on 2.42 acre lot in unincorporated Marengo. Recent updates include roof and windows (2023), HWT (2021). WOW factor with soaring knotty pine ceilings bring you back to the North Woods or an off grid home. Living room and kitchen share space with an open floor concept. 32" oak cabinets, gooseneck kitchen faucet and cute chandelier accent the kitchen. Both bedrooms have good closet space. Spotless bathroom has traditional vanity/medicine mirror and tub w/showerhead! Full, unfinished basement is ready to be completed to your liking. Laundry area, sump pump w/battery backup. 100amp electric. Furnace is from 2005. Detached 2-car garage. Explore the grounds on just under 2 1/2 acres!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$275
Property Type
House
Property Taxes
$287
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
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • 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 Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 528
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 105,415
  • Total Building Area: 1,528
  • Gross Building Area: 1,528
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002420
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 96R047230 W1/2 NE1/4 /EX ELY 270FT/ LYING SELY OF CEN RT 23

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871004

Geography

  • Parcel: 16-34-200-004
  • Block: 200
  • Municipality: RILEY TWP
  • Latitude: 42.1609
  • Longitude: -88.6342

    Address

  • Full Address: 11530 S Il Route 23
  • Address - House Number: 11530
  • Street Direction: S
  • Address - Street Name: Il Route 23
  • State: IL
  • City Name: Marengo
  • Carrier Code: R002
  • 4-Digit Zip Code: 9329
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $426,284
  • Tax Rate Code Area: 16001

    Appraisal Valuation

  • Standard Deviation: 0.1239
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 86
  • Final Value: 251,584
  • High Value: 282,772
  • Low Value: 220,395

    Market Valuation

  • Market Total Value: $178,134
  • Market Land Value: $31,110
  • Market Improvement Value: $147,024

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,378
  • Assessed Land Value: $10,370
  • Assessed Improvements Value: $49,008

    Sales

  • Current Sale Contract Date: Sep 10, 1996
  • Current Sale Recording Date: Sep 13, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 96R-047230
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 McHenry

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2483 ft²

Average Home Age

36.8 years

Currently For Sale

648 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

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MRED

Listed by: Brent Wilk, Wilk Real Estate
Data Source: MRED, MLS# MRD12610258
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 11530 South State Rte 23 built and last sold?
The property at 11530 South State Rte 23 was built in 1900 and last sold on Sep 10, 1996 for $135,000.
How much is this home worth?
The estimated value of the home located at 11530 South State Rte 23 is $274,283.
What are some comparable homes to 11530 South State Rte 23?
There are currently no comparable homes to 11530 South State Rte 23.
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