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LaSalle 61301
1240 3rd Street
$55,000
● House - Off Market

1240 3rd Street

Lasalle, IL 61301
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,215 Ft²
$607
Est. Monthly
31.81%
Cap Rate

About This Property

This 3-bedroom, 1-bathroom home offers comfort, functionality, and incredible value. Set on a generous, fully fenced lot, there's plenty of space to garden, entertain, or simply enjoy the outdoors. Inside, you'll find some updates including a convenient main-level laundry room for added ease.  This home is an ideal fit for first-time buyers, downsizers, or investors. The roof and the furnace are approx. 3 years old.
Unit Size
1,215 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$58
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1918

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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

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • 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: 6,970
  • Total Building Area: 1,215
  • Gross Building Area: 1,215
  • Building Area: 1,215
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LASALLE (ORIGINAL TOWN)
  • Land Acres: 0000000160
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOWN OF LASALLE, LT 2 BLK 111 SEC 15-33-3

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963300

Geography

  • District: LS
  • Parcel: 18-15-412-004
  • Block: 111
  • Lot: 2
  • Meridian: SEC 15 TWN 33 RNG 03
  • Municipality: LASALLE TOWNSHIP
  • Latitude: 41.3308
  • Longitude: -89.0879

    Address

  • Full Address: 1240 3rd St
  • Address - House Number: 1240
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: La Salle
  • Carrier Code: C007
  • 4-Digit Zip Code: 2616
  • Zip Code: 61301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $226,935
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: LS004

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 214,880
  • High Value: 301,907
  • Low Value: 127,852

    Market Valuation

  • Market Total Value: $65,109
  • Market Land Value: $15,384
  • Market Improvement Value: $49,725

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,703
  • Assessed Land Value: $5,128
  • Assessed Improvements Value: $16,575

    Sales

  • Current Sale Contract Date: Jul 17, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-11404
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About LaSalle

Stats & Trends

Median Asking:

$149,900

Sale Price/ft²

$112

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1357 ft²

Average Home Age

92.5 years

Currently For Sale

19 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: Wendy Fulmer, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12390498
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 1240 3rd Street built and last sold?
The property at 1240 3rd Street was built in 1918 and last sold on Jul 17, 2021 for $16,500.
How much is this home worth?
The estimated value of the home located at 1240 3rd Street is $0.
What are some comparable homes to 1240 3rd Street?
There are currently no comparable homes to 1240 3rd Street.
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