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Oglesby 61348
2 Park Road
$169,000
● House - Off Market

2 Park Road

Oglesby, IL 61348
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,505 Ft²
$1,121
Est. Monthly
19.74%
Cap Rate

About This Property

Welcome to this charming 4-bedroom, 1.5-bath home in the heart of Oglesby! Situated on a spacious .33-acre lot, this property offers a wonderful blend of classic character and everyday functionality. You'll love the hardwood floors that flow through much of the home, a large living room filled with natural light, and thoughtful details like cedar closets and built-in storage. With parks and schools just a short distance away, this location is perfect for those seeking a comfortable, convenient lifestyle in a friendly neighborhood.
Unit Size
1,505 Ft²
Days on Market
-
Land Size
-
Price per sqft
$116
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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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: 1940
  • Effective Year Built: 1940
  • 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: 11,326
  • Total Building Area: 1,505
  • Gross Building Area: 1,505
  • Building Area: 1,505
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,505
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENTS POINT LOOKOUT PARK SUB
  • Land Acres: 0000000260
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BENTS POINT LOOKOUT PARK SUB, LT 14 & PT LT 22, BEG NW COR LT 14, NW74' NE45' SE70.7' SW49.7' TO POB SEC 25-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963400

Geography

  • District: LS
  • Parcel: 18-25-304-004
  • Lot: 14-22
  • Meridian: SEC 25 TWN 33 RNG 01
  • Municipality: LASALLE TOWNSHIP
  • Latitude: 41.3015
  • Longitude: -89.0625

    Address

  • Full Address: 2 Park Rd
  • Address - House Number: 2
  • Address - Street Name: Park
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Oglesby
  • Carrier Code: C003
  • 4-Digit Zip Code: 1181
  • Zip Code: 61348

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $267,408
  • Tax Rate Code Area: LS007

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 133,700
  • High Value: 151,903
  • Low Value: 115,496

    Market Valuation

  • Market Total Value: $107,154
  • Market Land Value: $5,292
  • Market Improvement Value: $101,862

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,718
  • Assessed Land Value: $1,764
  • Assessed Improvements Value: $33,954

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jul 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-08672
  • Previous Sale Recording Date: Jul 25, 2005
  • Previous Sale Contract Date: Jul 18, 2005
  • Previous Sale Amount: $97,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Type:
    Premium
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 Oglesby

Stats & Trends

Median Asking:

$162,000

Sale Price/ft²

$130

Below Asking

0.04%

Average Days on Market

49

Average Home Size

1649 ft²

Average Home Age

77.6 years

Currently For Sale

8 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: Thomas Templeton, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12348097
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 Park Road built and last sold?
The property at 2 Park Road was built in 1940 and last sold on Jun 30, 2022 for $145,000.
How much is this home worth?
The estimated value of the home located at 2 Park Road is $0.
What are some comparable homes to 2 Park Road?
There are currently no comparable homes to 2 Park Road.
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