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Mendota 61342
1602 Illinois Avenue
$132,500
● House - Off Market

1602 Illinois Avenue

Mendota, IL 61342
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,000 Ft²
$794
Est. Monthly

About This Property

This one story home is all ready for you to move in.  Features include a front enclosed porch, 2 bedrooms and 1 1.5 baths, large living/dining room, kitchen has nice cabinets with a lazy susan, bread storage on counter, and spice drawer, stove and refrigerator.  Enjoy the great outdoors with a large lot, upper and lower deck, and large shed with loft.  Another feature that you will want to take advantage of is the 4 car heated garage. Call today for a personal showing.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$133
Property Type
House
Property Taxes
$143
HOA Dues
-
Year Built
1925

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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

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 10,890
  • Total Building Area: 990
  • Gross Building Area: 990
  • Building Area: 990
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTS SECOND ADD (MENDOTA)
  • Land Acres: 0000000250
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WESTS 2ND ADD, N1/2 LT 21 BLK 53 SEC 28-36-1

Neighborhood

  • School District Name: Mendota Township High School District 280
  • Census Tract: 961900

Geography

  • District: MD
  • Parcel: 01-28-311-018
  • Block: 53
  • Lot: 21
  • Meridian: SEC 28 TWN 36 RNG 01
  • Municipality: MENDOTA TOWNSHIP
  • Latitude: 41.5581
  • Longitude: -89.1199

    Address

  • Full Address: 1602 Illinois Ave
  • Address - House Number: 1602
  • Address - Street Name: Illinois
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mendota
  • Carrier Code: C005
  • 4-Digit Zip Code: 1143
  • Zip Code: 61342

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $143,884
  • Tax Rate Code Area: MD002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 73,078
  • High Value: 83,027
  • Low Value: 63,128

    Market Valuation

  • Market Total Value: $65,733
  • Market Land Value: $13,140
  • Market Improvement Value: $52,593

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,911
  • Assessed Land Value: $4,380
  • Assessed Improvements Value: $17,531

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Aug 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-13196
  • Previous Sale Recording Date: Jun 12, 2014
  • Previous Sale Contract Date: Jun 09, 2014
  • Previous Sale Amount: $61,000
  • Previous Sale Document Type: 71
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 Mendota

Stats & Trends

Median Asking:

$159,250

Sale Price/ft²

$113

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1534 ft²

Average Home Age

92.8 years

Currently For Sale

10 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: Lori Erbes, Erbes Realty LLC
Data Source: MRED, MLS# MRD12528956
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 1602 Illinois Avenue built and last sold?
The property at 1602 Illinois Avenue was built in 1925 and last sold on Aug 18, 2021 for $86,000.
How much is this home worth?
The estimated value of the home located at 1602 Illinois Avenue is $0.
What are some comparable homes to 1602 Illinois Avenue?
There are currently no comparable homes to 1602 Illinois Avenue.
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