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Georgetown 61846
1213 N Main Street
$30,500
● House - Off Market

1213 N Main Street

Georgetown, IL 61846
bedrooms
2 Beds
bathrooms
1 Bath
square feet
880 Ft²
$218
Est. Monthly
33.02%
Cap Rate

About This Property

Investors and DIY lovers, look no further. This 2 bed/ 1 bath fixer-upper is your chance to make your mark and reap the rewards. With some TLC, this property has a lot of potential. Take advantage of the affordable price and make this house a charming home for yourself or any potential renters. Located on Route 1 and Main Street, it is ideal for commuting. The home has sizable rooms with a nice amount of natural lighting. Also, the quaint front porch is covered and the fenced in back yard offers extra outdoor living space with a small patio. Please note the home is being sold As-Is. Don't miss out on this potential investment.
Unit Size
880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$40
Property Type
House
Property Taxes
$47
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.

Last updated: 3 years ago (MRED MLS #11930559)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Nov 14, 2023 Listed by Champaign County Realty $34,900
Listed by Champaign County Realty

Property Highlights

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: 2,903
  • Lot Size Depth Feet: 790
  • Lot Size Frontage Feet: 370
  • 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: PERRY FRAZIERS 2ND ADD
  • Land Acres: 0000000066
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: PERRY FRAZIERS 2ND ADD-- W79'N37'LTS 39 & 40

Neighborhood

  • School District Name: Georgetown-Ridge Farm Consolidated Unit School District 4
  • Census Tract: 011000

Geography

  • District: GE
  • Parcel: 28-29-302-043
  • Lot: 39-40
  • Meridian: SEC 29 TWN 18N RNG 11W
  • Municipality: GEORGETOWN
  • Latitude: 39.9859
  • Longitude: -87.6369

    Address

  • Full Address: 1213 N Main St
  • Address - House Number: 1213
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Georgetown
  • Carrier Code: C003
  • 4-Digit Zip Code: 1050
  • Zip Code: 61846

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $55,946
  • Tax Rate Code Area: GE018TGRG

    Appraisal Valuation

  • Standard Deviation: 0.1377
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 83
  • Final Value: 31,248
  • High Value: 35,554
  • Low Value: 26,942

    Market Valuation

  • Market Total Value: $18,165
  • Market Land Value: $5,979
  • Market Improvement Value: $12,186

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,055
  • Assessed Land Value: $1,993
  • Assessed Improvements Value: $4,062

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8203
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 Georgetown

Stats & Trends

Median Asking:

$80,000

Sale Price/ft²

$59

Below Asking

0.08%

Average Days on Market

112

Average Home Size

1619 ft²

Average Home Age

62 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

Rentals Near You

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MRED

Listed by: Evan Hannan, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11930559
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 1213 North Main Street built and last sold?
The property at 1213 North Main Street was built in and last sold on Dec 20, 2023 for $30,500.
How much is this home worth?
The estimated value of the home located at 1213 North Main Street is $0.
What are some comparable homes to 1213 North Main Street?
There are currently no comparable homes to 1213 North Main Street.
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