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Lee 61021
1319 IL Route 38
$135,000
● Land - Off Market

1319 IL Route 38

Franklin Grove, IL 61021
bedrooms
Studio
bathrooms
0 Bath
$916
Est. Monthly
5.96%
Cap Rate

About This Property

Great opportunity to have you own Barndominium with most of the work done!  Neat set up just ready to be finished.  Pex is ran for in floor heat on main level, upstairs has electric baseboards, 200 amp service to the property, 2x6 framing and much more.   Main floor has18x29 unfinished room ready for plumbing- 17x29 concrete floor, insulated, has 1 car overhead door- 33x22 concrete floor, 2 car overhead door, stairs to upstairs rooms.  Upstairs has a 15x29 finished room with hardwood floors and a 19x29 unfinished room.  Call today for your private showing!
Unit Size
-
Days on Market
-
Land Size
1.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$130
HOA Dues
-
Year Built
1910

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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 #11907355)

Price History

Date / Event Date Event Price
Jun 18, 2024 Sold
Premium
Sold
Jun 13, 2024 In contract -
In contract
Oct 27, 2023 Listed by Crawford Realty, LLC $159,900
Listed by Crawford Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 212,137
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004870
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SEC28 TWP21 RNG9 4.87AC SEQ SEQ 9004-0219, 0803-0618 THRU 0638

Neighborhood

  • School District Name: Dixon Unit School District 170
  • Census Tract: 000200

Geography

  • Account Number: 117605
  • District: 18
  • Parcel: 18-08-28-400-005
  • Meridian: SEC 28 TWN 21 RNG 09
  • Municipality: SOUTH DIXON
  • Latitude: 41.7754
  • Longitude: -89.459

    Address

  • Full Address: 1319 Il Route 26
  • Address - House Number: 1319
  • Address - Street Name: Il Route 26
  • State: IL
  • City Name: Dixon
  • Carrier Code: R004
  • 4-Digit Zip Code: 9308
  • Zip Code: 61021

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $380,850
  • Tax Rate Code Area: 18002

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 311,713
  • High Value: 371,022
  • Low Value: 252,404

    Market Valuation

  • Market Total Value: $191,364
  • Market Land Value: $51,354
  • Market Improvement Value: $140,010

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,788
  • Assessed Land Value: $17,118
  • Assessed Improvements Value: $46,670

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2010
  • Current Sale Recording Date: Mar 25, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010001352
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 Lee

Stats & Trends

Median Asking:

$189,900

Sale Price/ft²

$125

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1915 ft²

Average Home Age

85.3 years

Currently For Sale

76 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: Cynthia Adcock, Crawford Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11907355
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 1319 Il Rt built and last sold?
The property at 1319 Il Rt was built in 1910 and last sold on Mar 17, 2010 for $189,000.
How much is this home worth?
The estimated value of the home located at 1319 Il Rt is $0.
What are some comparable homes to 1319 Il Rt?
There are currently no comparable homes to 1319 Il Rt.
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