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Wyanet 61379
116 W Main Street
$62,500
● House - Off Market

116 W Main Street

Wyanet, IL 61379
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$70,444
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Sit on the front porch and look out to main street.  2 bed and 1 bath with a big backyard.  Nice back deck to enjoy the backyard.  Both of the bedrooms are good sized.  Some beautiful woodwork and hardwood floors.  Property was previously used as an office but would make a great residential property again as it used to be at one time.   Previously a 1/2 bath was started upstairs but needs to be finished.  Property is being sold "As Is."  Still working on getting stuff moved out of the home as you can see from the pictures.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$65
Property Type
House
Property Taxes
-
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.

Property Highlights

Air Conditioning
Fireplace

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: 10,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 500
  • 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: R
  • Subdivision: ORIGINAL TOWN NOW VILLAGE OF WYANET
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: WYANET L 15 BLK 4 (50X200) D 22-1960

Neighborhood

  • School District Name: Bureau Valley Community Unit School District 340
  • Census Tract: 965500

Geography

  • Account Number: 1516355017
  • District: 15
  • Parcel: 15-16-355-017
  • Block: 4
  • Lot: 15
  • Meridian: SEC 16 TWN 16 RNG 08
  • Municipality: WYANET
  • Latitude: 41.3657
  • Longitude: -89.585

    Address

  • Full Address: 116 W Main St
  • Address - House Number: 116
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Wyanet
  • Carrier Code: R008
  • 4-Digit Zip Code: 9690
  • Zip Code: 61379

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 15001

    Market Valuation

  • Market Total Value: $66,843
  • Market Land Value: $5,796
  • Market Improvement Value: $61,047

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,281
  • Assessed Land Value: $1,932
  • Assessed Improvements Value: $20,349
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 Wyanet

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$118

Below Asking

0.04%

Average Days on Market

56

Average Home Size

1303 ft²

Average Home Age

125 years

Currently For Sale

2 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: Eric Johnston, Landmark Realty Of Illinois LLC
Data Source: MRED, MLS# MRD11348061
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 West Main Street built and last sold?
The property at 116 West Main Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 116 West Main Street is $0.
What are some comparable homes to 116 West Main Street?
There are currently no comparable homes to 116 West Main Street.
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