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Lincoln 62656
1413 3rd Street
$159,900
● House - Off Market

1413 3rd Street

Lincoln, IL 62656
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,336 Ft²
$941
Est. Monthly
10.47%
Cap Rate

About This Property

2025 completely remodeled inside and out.  Partial list includes Updated electrical wiring and panel, most drywall in entire house walls and ceilings, All new plumbing, updated HVAC system with all new ductwork, All new lighting, All new baseboard and casing, All new interior and exterior doors, New roof, New asphalt driveway and parking area, All new flooring, New kitchen cabinets and countertops, New bathtub, toilet and vanity, New gas lines, main sewage line from house to Street cleaned, brush paint throughout, All new hardware, doors, cabinetry and so on, tiled front patio, brick and Tuck pointing repairs on home and chimney, blown in insulation in attic
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$120
Property Type
House
Property Taxes
$155
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.

Property Highlights

Air Conditioning

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: 6,098
  • 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: R
  • Subdivision: MARTIN FULTZ SUB DIV
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 12-3309 LOT 17 MARTIN FULTZ SUB DIV.

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953400

Geography

  • District: 12
  • Parcel: 12-655-017-00
  • Lot: 17
  • Municipality: WEST LINCOLN
  • Latitude: 40.1448
  • Longitude: -89.3847

    Address

  • Full Address: 1413 3rd St
  • Address - House Number: 1413
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C002
  • 4-Digit Zip Code: 2223
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $158,430
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.1218
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 75
  • Final Value: 73,894
  • High Value: 82,895
  • Low Value: 64,892

    Market Valuation

  • Market Total Value: $81,870
  • Market Land Value: $11,610
  • Market Improvement Value: $70,260

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,290
  • Assessed Land Value: $3,870
  • Assessed Improvements Value: $23,420

    Exemptions

  • Senior Citizen Exemption : Yes
  • 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 Lincoln

Stats & Trends

Median Asking:

$115,000

Sale Price/ft²

$93

Below Asking

0.04%

Average Days on Market

75

Average Home Size

4272 ft²

Average Home Age

120 years

Currently For Sale

4 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: Cindy Eckols, RE/MAX Choice
Data Source: MRED, MLS# MRD12447590
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 1413 3rd Street built and last sold?
The property at 1413 3rd Street 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 1413 3rd Street is $0.
What are some comparable homes to 1413 3rd Street?
There are currently no comparable homes to 1413 3rd Street.
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