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Oglesby 61348
116 Oak Street
$80,000
● House - Off Market

116 Oak Street

Oglesby, IL 61348
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,382 Ft²
$85,143
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Location, location, location....walking distance to both public & parochial schools, and directly across from Oak Park!    ~~ The time has come to sell the family house - one of Oglesby's largest - nearly 2,400 square feet.   Ready for a new owner to bring this turn-of-the-century gem into its very best!   ~~  BRAND NEW BOILER heater just installed by Grasser's Plumbing & Heating!   FULLY-FENCED yard.   Newer 2.5-car detached garage with extra parking pad/space along alley.  ~~ Home in need of renovations - cash or conventional loans only.  ~~
Unit Size
2,382 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$36
Property Type
House
Property Taxes
$190
HOA Dues
-
Year Built
1900

Payment Calculator

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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

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 8,276
  • Total Building Area: 2,382
  • Gross Building Area: 2,382
  • Building Area: 2,382
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,382
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENTS RESIDENCE SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BENTS RESIDENCE SUBD LOT 11 B12

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963400

Geography

  • District: LS
  • Parcel: 18-25-318-011
  • Lot: 11
  • Municipality: LASALLE TOWNSHIP
  • Latitude: 41.2977
  • Longitude: -89.0607

    Address

  • Full Address: 116 Oak St
  • Address - House Number: 116
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oglesby
  • Carrier Code: C003
  • 4-Digit Zip Code: 1223
  • Zip Code: 61348

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $217,656
  • Tax Rate Code Area: LS007

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 230,667
  • High Value: 324,088
  • Low Value: 137,245

    Market Valuation

  • Market Total Value: $89,172
  • Market Land Value: $13,290
  • Market Improvement Value: $75,882

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,724
  • Assessed Land Value: $4,430
  • Assessed Improvements Value: $25,294

    Sales

  • Current Sale Contract Date: Jun 09, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-06156

    Financing

  • First Mortgage Financing Type: FIX
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 Oglesby

Stats & Trends

Median Asking:

$163,500

Sale Price/ft²

$127

Below Asking

0.04%

Average Days on Market

49

Average Home Size

1651 ft²

Average Home Age

83.4 years

Currently For Sale

5 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: Darlene Colosimo, Alliance Real Estate Group, Inc.
Data Source: MRED, MLS# MRD11722618
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 116 Oak Street built and last sold?
The property at 116 Oak Street was built in 1900 and last sold on Jun 9, 2023 for $80,000.
How much is this home worth?
The estimated value of the home located at 116 Oak Street is $85,850.
What are some comparable homes to 116 Oak Street?
There are currently no comparable homes to 116 Oak Street.
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