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Henry 61537
1221 3rd Street
$140,000
● House - Off Market

1221 3rd Street

Henry, IL 61537
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,188 Ft²
$140,235
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Plenty of space in this 4 bedroom, 2 bathroom, split level home with a separate dining room and 2 living/entertainment rooms. This home also features a large rear deck and fenced yard perfect for outdoor enjoyment. The main level provides easy access with a main floor bedroom, bathroom and laundry hook up. The upper level bedrooms all come complete with double sliding door closets. The lower level not only has a finished 2nd living room but also has an additional room perfect for storage or hobby activates. The dining room showcases a gas log fireplace that will perfect for the winter months.
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$118
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1956

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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 #11758845)

Price History

Date / Event Date Event Price
Jun 2, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by Landmark Realty Of Illinois LLC $140,000
Listed by Landmark Realty Of Illinois LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 7,840
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 700
  • Total Building Area: 0
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOMBARDS RR ADDITION
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: N 1/2 LOT 84 & LOTS 81, 82 & 83 LOMBARDS RR ADDITION & PT VAC ALLEY LOT SIZE: 70 X 112

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 961200

Geography

  • Parcel: 03-16-317-002
  • Lot: 81-84
  • Municipality: HENRY
  • Latitude: 41.1092
  • Longitude: -89.3654

    Address

  • Full Address: 1221 3rd St
  • Address - House Number: 1221
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Henry
  • Carrier Code: C002
  • 4-Digit Zip Code: 1373
  • Zip Code: 61537

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $324,984
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: HE001

    Appraisal Valuation

  • Standard Deviation: 0.0846
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 93
  • Final Value: 130,710
  • High Value: 141,774
  • Low Value: 119,645

    Market Valuation

  • Market Total Value: $133,293
  • Market Land Value: $10,911
  • Market Improvement Value: $122,382

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,431
  • Assessed Land Value: $3,637
  • Assessed Improvements Value: $40,794

    Exemptions

  • Homeowner Exemption: Yes
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 Henry

Stats & Trends

Median Asking:

$89,511

Sale Price/ft²

$86

Below Asking

0.01%

Average Days on Market

97

Average Home Size

1449 ft²

Average Home Age

69.7 years

Currently For Sale

3 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: Cheyenne Khounnha, Landmark Realty Of Illinois LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11758845
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 1221 3rd Street built and last sold?
The property at 1221 3rd Street was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1221 3rd Street is $0.
What are some comparable homes to 1221 3rd Street?
There are currently no comparable homes to 1221 3rd Street.
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