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Belvidere 61008
1420 7th Avenue
$184,999
● House - Off Market

1420 7th Avenue

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
1 Bath
$1,141
Est. Monthly
11.62%
Cap Rate

About This Property

This cozy 3-bedroom, 1-bath home is full of potential and ready for its next owner. It features a full basement-great for storage, a workshop, or future finishing and a 1-car garage for added convenience. Located in a quiet neighborhood, it's a solid choice whether you're just starting out, looking to downsize, or searching for an investment opportunity. Come take a look and see the possibilities!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1968

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 2001
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,208
  • Garage Type: 7
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,448
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,208
  • Building Area: 1,208
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 1,208
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WASHINGTON HGTS SUB
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 35-44-3 WASHINGTON HGTS SUB PLAT 1 W 65.9' LT 9 1420 SEVENTH AVE

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010300

Geography

  • Account Number: 05-05-35-407-010
  • District: 050
  • Parcel: 05-35-407-010
  • Lot: 9
  • Municipality: BELVIDERE
  • Latitude: 42.2456
  • Longitude: -88.8488

    Address

  • Full Address: 1420 7th Ave
  • Address - House Number: 1420
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Belvidere
  • Carrier Code: C011
  • 4-Digit Zip Code: 5528
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $270,352

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 76
  • Final Value: 144,320
  • High Value: 170,627
  • Low Value: 118,014

    Market Valuation

  • Market Total Value: $101,745
  • Market Land Value: $17,505
  • Market Improvement Value: $84,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,915
  • Assessed Land Value: $5,835
  • Assessed Improvements Value: $28,080

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2006
  • Current Sale Recording Date: May 01, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000004607
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 Belvidere

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$145

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1666 ft²

Average Home Age

50.2 years

Currently For Sale

17 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: Diana Gonzalez, Luna Real Estate Inc.
Data Source: MRED, MLS# MRD12364603
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 1420 7th Avenue built and last sold?
The property at 1420 7th Avenue was built in 1968 and last sold on May 1, 2006 for $133,900.
How much is this home worth?
The estimated value of the home located at 1420 7th Avenue is $181,799.
What are some comparable homes to 1420 7th Avenue?
There are currently no comparable homes to 1420 7th Avenue.
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