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Freeport 61032
2 N Harlem Avenue
$120,000
● House - Off Market

2 N Harlem Avenue

Freeport, IL 61032
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,724 Ft²
$1,006
Est. Monthly
21.16%
Cap Rate

About This Property

Welcome Home to 2 N. Harlem Avenue! This 2-Story home features 3 Bedrooms/1.1 Bathrooms, detached 1 car garage, and approximately 2,724 square feet! This property is eligible under the Freddie Mac First Look Initiative though 6/12/25. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition Taxes prorated at 100 precent. EM MUST BE CERTIFIED FUNDS. Info not guaranteed. Seller does not provide survey. Equal Housing Opportunity. AS-IS
Unit Size
2,724 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$46
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1917

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,724
  • Building Area: 2,724
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,724
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARWELL'S ADDITION
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PT LOT 3 FARWELL'S ADD

Neighborhood

  • School District Name: Freeport School District 145
  • Census Tract: 000900

Geography

  • District: 18
  • Parcel: 18-13-36-253-016
  • Lot: 3
  • Municipality: FREEPORT
  • Latitude: 42.296
  • Longitude: -89.6395

    Address

  • Full Address: 2 N Harlem Ave
  • Address - House Number: 2
  • Street Direction: N
  • Address - Street Name: Harlem
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Freeport
  • Carrier Code: C007
  • 4-Digit Zip Code: 3802
  • Zip Code: 61032

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $385,348
  • Tax Rate Code Area: 18001

    Appraisal Valuation

  • Standard Deviation: 0.2013
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 72
  • Final Value: 156,546
  • High Value: 188,074
  • Low Value: 125,018

    Market Valuation

  • Market Total Value: $111,138
  • Market Land Value: $8,025
  • Market Improvement Value: $103,113

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,046
  • Assessed Land Value: $2,675
  • Assessed Improvements Value: $34,371

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 01, 2017
  • Current Sale Recording Date: Feb 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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 Freeport

Stats & Trends

Median Asking:

$124,900

Sale Price/ft²

$88

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2003 ft²

Average Home Age

74.7 years

Currently For Sale

46 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# MRD12347301
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 2 North Harlem Avenue built and last sold?
The property at 2 North Harlem Avenue was built in 1917 and last sold on Feb 1, 2017 for $88,000.
How much is this home worth?
The estimated value of the home located at 2 North Harlem Avenue is $0.
What are some comparable homes to 2 North Harlem Avenue?
There are currently no comparable homes to 2 North Harlem Avenue.
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