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Rantoul 61866
1316 Doolittle Boulevard
$78,500
● Land - Off Market

1316 Doolittle Boulevard

Rantoul, IL 61866
bedrooms
Studio
bathrooms
0 Bath
$419
Est. Monthly

About This Property

6.03 ACRES  262,796 SQUARE FEET ADJACENT TO RT 45 AT ENTRANCE TO LARGE HOUSING COMPLEX  (SOUTH POINTE COMMONS) AT SOUTHWEST CORNER OF RANTOUL  ..HEAVILY TRAVELED STREET . MULTI FAMILY NEIGHBORHOOD... GENERAL COMMERICALLY C-2 ZONED LAND.. LOCATED IN RANTOUL ENTERPRISE ZONE (NO TAXES ON BUILDING MATERIALS PURCHASED IN CHAMPAIGN COUNTY) FOR USE AT THIS LOCATION..  GREAT LOCATION FOR APARTMENT COMPLEX, MINI STORAGE UNITS OR SMALL RETAIL UNITS
Unit Size
-
Days on Market
-
Land Size
6.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$26
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: 2 years ago (MRED MLS #12078308)

Price History

Date / Event Date Event Price
Feb 14, 2025 Sold
Premium
Sold
Jan 16, 2025 In contract -
In contract
Jun 10, 2024 Listed by REALTY 2000,INC $80,000
Listed by REALTY 2000,INC

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: 262,809
  • 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: V
  • Subdivision: SOUTH POINTE COMMONS 2
  • Land Acres: 0000000600
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: LOT 157 SOUTH POINTE COMMONS 2

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010300

Geography

  • District: 20
  • Parcel: 20-09-10-335-011
  • Lot: 157
  • Meridian: SEC 10 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.2893
  • Longitude: -88.1667

    Address

  • Full Address: 1316 Doolittle Blvd
  • Address - House Number: 1316
  • Address - Street Name: Doolittle
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C003
  • 4-Digit Zip Code: 3620
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,612
  • Tax Rate Code Area: 2060

    Market Valuation

  • Market Total Value: $8,130
  • Market Land Value: $8,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,710
  • Assessed Land Value: $2,710
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 Rantoul

Stats & Trends

Median Asking:

$139,975

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1749 ft²

Average Home Age

55 years

Currently For Sale

11 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: Herman Fogal, REALTY 2000,INC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12078308
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 1316 Doolittle Boulevard built and last sold?
The property at 1316 Doolittle Boulevard 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 1316 Doolittle Boulevard is $0.
What are some comparable homes to 1316 Doolittle Boulevard?
There are currently no comparable homes to 1316 Doolittle Boulevard.
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