$94,000
●
House -
Off Market
203 Locust Street
Marengo, IL 60152
3 Beds
1 Bath
1,200 Ft²
$109,384
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
ARE YOU A FIXER UPPER? *THIS IS A CASH ONLY, AS-IS SALE* GREAT
LOCATION NEAR ALL THE SCHOOLS. HOME FEATURES 3 BEDROOMS & ONE BATH.
FORMAL LIVING AND DINING ROOMS ON THE FIRST FLOOR ALONG WITH A
FIRST FLOOR BEDROOM. KITCHEN AND BATH ARE LOCATED AT THE BACK OF
THE HOME ON THE FIRST FLOOR AS WELL. BATHROOM HAS BEEN GUTTED. 2+
BEDROOMS ON THE SECOND FLOOR. SIDING AND WINDOWS WERE REPLACED MANY
YEARS AGO. NEWER FURNACE, & WATER HEATER. ALL ORIGINAL WOODWORK &
DOORS THRU-OUT. LOCATED ON THE CORNER OF WASHINGTON ST RIGHT ON
MARENGO'S PARADE ROUTE.. COME BRING YOUR IDEAS AND GET THIS HOME
BACK TO ITS GLORY. NO FINANCING DEALS WILL BE ACCEPTED! CASH ONLY!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
-
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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 #11843441)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Keller Williams Success Realty | $115,000 | |
| Listed by Keller Williams Success Realty | |||
| | |||
|
Calling all investors, this fixer-upper is a gem in the heart of Marengo and has so much to offer. Recently gutted, this home is down to the studs and ready for the next person to come in and make it beautiful. Located half a mile from the downtown strip, 1 block from the high school, and close to everything else this home is in close proximity to all the conveniences you could ever need and would ever want. Originally a 3-bedroom home, this house has the space and size to accommodate an updated design, now that all the plaster has been removed. This is now truly a blank Canvas, all that is left are your beautiful ideas. Reach out with any questions.
| |||
| Aug 18, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | Listed by RE/MAX Connections II | $110,000 | |
| Listed by RE/MAX Connections II | |||
Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Marengo
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Listed by: Ben Broughton, RE/MAX Connections II
Last Updated: 3 years ago
Data Source: MRED, MLS# 11843441
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11843441
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