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Streator 61364
1802 HERBERT Street
$141,000
● House - Off Market

1802 HERBERT Street

Streator, IL 61364
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,924 Ft²
$910
Est. Monthly
18.64%
Cap Rate

About This Property

Raised ranch with over 1900sf featuring 3-4 bedrooms, 2 bathrooms, corner lot with fenced in backyard, and a detached 2 car garage with a concrete driveway.  Elegant kitchen with eat in table space and easy exterior access to deck and backyard.  Finished lower level features family room ,full bath and a possible 4th bedroom. Close proximity to shopping and dining.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$75
Property Type
House
Property Taxes
$197
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.

Last updated: 3 years ago (MRED MLS #12040248)

Price History

Date / Event Date Event Price
Jun 7, 2024 Sold
Premium
Sold
Apr 27, 2024 Listed by RE/MAX 1st Choice $145,000
Listed by RE/MAX 1st Choice

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: 9,201
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: T

    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: PRAFCKES J F ADD SUB OF OUTLOT H
  • Land Acres: 0000000211
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SUB O L H J F PRAFCKE'S ADD, LT 1 SEC 24-31-3

Neighborhood

  • School District Name: Streator Township High School District 40
  • Census Tract: 963800

Geography

  • District: BR
  • Parcel: 33-24-304-012
  • Lot: 1
  • Meridian: SEC 24 TWN 31 RNG 03
  • Municipality: BRUCE TOWNSHIP
  • Latitude: 41.1412
  • Longitude: -88.8288

    Address

  • Full Address: 1802 Herbert St
  • Address - House Number: 1802
  • Address - Street Name: Herbert
  • Address - Suffix Type: St
  • State: IL
  • City Name: Streator
  • Carrier Code: C009
  • 4-Digit Zip Code: 1353
  • Zip Code: 61364

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $236,892
  • Tax Rate Code Area: BR003

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 89,752
  • High Value: 101,971
  • Low Value: 77,532

    Market Valuation

  • Market Total Value: $76,833
  • Market Land Value: $9,786
  • Market Improvement Value: $67,047

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,611
  • Assessed Land Value: $3,262
  • Assessed Improvements Value: $22,349

    Sales

  • Current Sale Contract Date: Mar 24, 2015
  • Current Sale Recording Date: Mar 26, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201505456
  • Previous Sale Recording Date: Feb 04, 2010
  • Previous Sale Contract Date: Feb 04, 2010
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Streator

Stats & Trends

Median Asking:

$139,000

Sale Price/ft²

$105

Below Asking

0.02%

Average Days on Market

49

Average Home Size

1172 ft²

Average Home Age

108.6 years

Currently For Sale

47 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: Phil Makarewicz, RE/MAX 1st Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 12040248
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 1802 Herbert Street built and last sold?
The property at 1802 Herbert Street was built in and last sold on Mar 24, 2015 for $72,000.
How much is this home worth?
The estimated value of the home located at 1802 Herbert Street is $151,825.
What are some comparable homes to 1802 Herbert Street?
There are currently no comparable homes to 1802 Herbert Street.
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