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Champaign 61822
1504 Newton Drive
Photo of 1504 Newton Drive

1

Map

$225,000
● Land - In Contract

1504 Newton Drive

Champaign, IL 61822
bedrooms
Studio
bathrooms
0 Bath
$1,132
Est. Monthly

About This Property

2.31-acre lot available in Interstate Research Park in northwest Champaign. Conveniently located near the I-57/Olympian Drive interchange with all utilities accessible. Interstate Research Park offers immediate access to I-57 and quick connections to I-72, I-74, North Prospect shopping, dining, and Market Place Mall via Olympian Drive and Interstate Drive.
Unit Size
-
Days on Market
-
Land Size
2.08 acres
Price per sqft
-
Property Type
Land
Property Taxes
$27
HOA Dues
-
Year Built
-

Listed By

Craig Buchanan
[email protected]
RE/MAX REALTY ASSOCIATES-CHA

Payment Calculator

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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

Exterior Details
Lot Size Area: 90604.8
Lot Size Units: Square Feet
Lot Size Acres: 2.08
Lot Size Square Feet: 90604.8
Lot Size Dimensions: 194.52X464.80
Water Source: Private
Financial Details
Tax Annual Amount: $323

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: 90,605
  • 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: INTERSTATE RESEARCH PARK
  • Land Acres: 0000002080
  • Standard Land Use Code: 8002
  • County Land Use Code: 0052
  • Legal Description 1: LOT 127 INTERSTATE RESEARCH PARK, LT 126, 127, AND 128

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001201

Geography

  • District: 04
  • Parcel: 41-14-35-126-011
  • Lot: 127
  • Meridian: SEC 35 TWN 20N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.1532
  • Longitude: -88.2722

    Address

  • Full Address: 1504 Newton Dr
  • Address - House Number: 1504
  • Address - Street Name: Newton
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,600
  • Tax Rate Code Area: 4102

    Market Valuation

  • Market Total Value: $9,330
  • Market Land Value: $9,330

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,110
  • Assessed Land Value: $3,110
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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1989 ft²

Average Home Age

42.3 years

Currently For Sale

174 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 2801 Rachel Road, Champaign, IL, 61822

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
2801 Rachel Road, Champaign, IL, 61822 Listing by Scott Bechtel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Craig Buchanan, RE/MAX REALTY ASSOCIATES-CHA
Data Source: MRED, MLS# MRD12526668
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 1504 Newton Drive built and last sold?
The property at 1504 Newton Drive 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 1504 Newton Drive is $227,250.
What are some comparable homes to 1504 Newton Drive?
There are currently no comparable homes to 1504 Newton Drive.
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