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Rockford 61104 Riverview
1304 Nelson Boulevard
$176,000
● House - Off Market

1304 Nelson Boulevard

Rockford, IL 61104
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,458 Ft²
$949
Est. Monthly
16.23%
Cap Rate

About This Property

New roof, new siding, remodel all inside, bathroom, kitchen, living room, dining room. New electricity, new outlets. New plumbing. New paint all the house and new A/C
Unit Size
1,458 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
House
Property Taxes
$65
HOA Dues
-
Year Built
1920

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 972
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 490
  • Total Building Area: 2,430
  • Gross Building Area: 2,430
  • Building Area: 1,458
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,458
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NELSONS ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: NELSONS ADD TO THE CITY OF ROCKFORD LOT 002 BLOCK 004

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 001000

Zoning

  • Zoning: R1

Geography

  • Parcel: 11-27-479-005
  • Block: 004
  • Lot: 002
  • Municipality: ROCKFORD
  • Latitude: 42.2533
  • Longitude: -89.0987

    Address

  • Full Address: 1304 Nelson Blvd
  • Address - House Number: 1304
  • Address - Street Name: Nelson
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Rockford
  • Carrier Code: C024
  • 4-Digit Zip Code: 4717
  • Zip Code: 61104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 423

    Appraisal Valuation

  • Standard Deviation: 0.2508
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 64
  • Final Value: 48,341
  • High Value: 60,470
  • Low Value: 36,212

    Market Valuation

  • Market Total Value: $27,114
  • Market Land Value: $5,709
  • Market Improvement Value: $21,405

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $9,038
  • Assessed Land Value: $1,903
  • Assessed Improvements Value: $7,135

    Sales

  • Current Sale Contract Date: Oct 23, 2023
  • Current Sale Recording Date: Oct 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25547
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 Southeast

Stats & Trends

Median Asking:

$179,950

Sale Price/ft²

$128

Below Asking

0.02%

Average Days on Market

41

Average Home Size

1244 ft²

Average Home Age

80 years

Currently For Sale

50 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

Unit for rent at 2403 Elm Street, Rockford, IL, 61102

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 1,373 ft²
2403 Elm Street, Rockford, IL, 61102 Listing by Kenneth Carn

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laura Lagunas, Smart Home Realty
Data Source: MRED, MLS# MRD12441037
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 1304 Nelson Boulevard built and last sold?
The property at 1304 Nelson Boulevard was built in 1920 and last sold on Oct 23, 2023 for $45,000.
How much is this home worth?
The estimated value of the home located at 1304 Nelson Boulevard is $0.
What are some comparable homes to 1304 Nelson Boulevard?
There are currently no comparable homes to 1304 Nelson Boulevard.
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