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Will 60481
18140 W State Rte 113
$319,500
● Land - Off Market

18140 W State Rte 113

Custer Park, IL 60481
bedrooms
Studio
bathrooms
0 Bath
$1,968
Est. Monthly
6.55%
Cap Rate

About This Property

Prime location for your Residential Estate!  Very secluded 10 Acres across from Kankakee State Park Hunting Area's 8 & 9, and Kankakee River. Built in 2001 - 42X53 Morton Building with concrete floor, 2 10x10 Steel insulated overhead doors, 200 Amp Electric, lighting, door openers, interior outlets and exterior RV plugin.  Refrigerator and tool cabinet stay. Recorded easement for farmer access. Could be purchased separately: Zero turn TORO mower with 92 hours, hay wagon.  View aerial video!  Zoned A1, can be used for farming or to build a residential home.
Unit Size
-
Days on Market
-
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$151
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.

Property Highlights

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: 435,600
  • 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: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: A PRT OF THE SW1/4 OF SEC 26 A PRT OF THE NW1/4 OF SEC 35, T32N-R10E. DAF: COMM AT A BOULDER AT THE SW COR OF SD SEC 26; THC

Neighborhood

  • School District Name: Reed Custer Community Unit School District 255U
  • Census Tract: 883401

Geography

  • Parcel: 01-25-26-300-007
  • Meridian: SEC 35 TWN 32N RNG 10E
  • Municipality: CUSTER TWP
  • Latitude: 41.2198
  • Longitude: -88.0478

    Address

  • Full Address: 18140 W Rt 113
  • Address - House Number: 18140
  • Street Direction: W
  • Address - Street Name: Rt 113
  • State: IL
  • City Name: Wilmington
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $167,812
  • Tax Rate Code Area: 0104

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 119,210
  • High Value: 132,933
  • Low Value: 105,486

    Market Valuation

  • Market Total Value: $80,694
  • Market Land Value: $59,409
  • Market Improvement Value: $21,285

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,898
  • Assessed Land Value: $19,803
  • Assessed Improvements Value: $7,095
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 Will

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2304 ft²

Average Home Age

33.6 years

Currently For Sale

1471 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: Amanda Fedrow, Berkshire Hathaway HomeServices Speckman Realty
Data Source: MRED, MLS# MRD12467102
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 18140 West Rt 113 built and last sold?
The property at 18140 West Rt 113 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 18140 West Rt 113 is $373,599.
What are some comparable homes to 18140 West Rt 113?
There are currently no comparable homes to 18140 West Rt 113.
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