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Madison 62060 Madison
1638 4th Street
$25,000
● House - Off Market

1638 4th Street

Madison, IL 62060
bedrooms
3 Beds
bathrooms
1 Bath
$167
Est. Monthly

About This Property

Welcome Home to 1638 4th Street! This home features 2 Bedrooms/1 Bathroom and a 1 car detached garage! Property is owned by the US Department of HUD. Case #132-228148. Seller makes no representations or warranties as to property condition. Seller may contribute for buyer's closing costs, upon buyer request at time of bid. SOLD AS-IS. Equal Housing Opportunity
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$19
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 1920
  • Effective Year Built: 1920
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,344
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 370
  • Total Building Area: 988
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,383
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 0431
  • Legal Description 1: MADISON PROPER LOT 5 PT 6 37.5X142.5

Neighborhood

  • School District Name: Madison Community Unit School District 12
  • School Tax School District: 013
  • Census Tract: 400600

Geography

  • District: 21
  • Parcel: 21-2-19-25-15-403-018
  • Lot: 5
  • Municipality: VENICE
  • Latitude: 38.6798
  • Longitude: -90.1542

    Address

  • Full Address: 1638 4th St
  • Address - House Number: 1638
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Madison
  • Carrier Code: C002
  • 4-Digit Zip Code: 1408
  • Zip Code: 62060

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,700
  • Tax Rate Code Area: 190

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 186,311
  • High Value: 261,767
  • Low Value: 110,854

    Market Valuation

  • Market Total Value: $21,562
  • Market Land Value: $2,943
  • Market Improvement Value: $18,619

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,180
  • Assessed Land Value: $980
  • Assessed Improvements Value: $6,200
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 Madison

Stats & Trends

Median Asking:

$30,000

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

96

Average Home Size

1626 ft²

Average Home Age

98.4 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

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MRED

Listed by: Frank Rusin, Four Seasons Realty, Inc.
Data Source: MRED, MLS# MRD12528705
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 1638 4th Street built and last sold?
The property at 1638 4th Street was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1638 4th Street is $0.
What are some comparable homes to 1638 4th Street?
There are currently no comparable homes to 1638 4th Street.
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