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Sterling 61081
2109 Chestnut Avenue
$76,000
● House - Off Market

2109 Chestnut Avenue

Sterling, IL 61081
bedrooms
2 Beds
bathrooms
1 Bath
square feet
870 Ft²
$487
Est. Monthly
13.71%
Cap Rate

About This Property

Super cute ranch with 2 bedrooms and 1 bathroom.  The kitchen has a new refrigerator and a new washer and dryer (full size, stackable). Plenty of room for a small table. The roof was replaced in 2024, new windows and blinds. The backyard has raised garden beds and a huge garden shed behind the garage.  The 2 car garage is heated and there is a handy carport!  The yard is partially fenced.  Home is in Estate and sold as-is.
Unit Size
870 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$90
Property Type
House
Property Taxes
$104
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: 2 years ago (MRED MLS #12279243)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Feb 11, 2025 In contract -
In contract
Jan 27, 2025 Listed by RE/MAX Town Lake & Country $78,000
Listed by RE/MAX Town Lake & Country

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: 7,524
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 570
  • 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
  • Subdivision: DOUGLAS PARK SUBDIVISION
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: DOUGLAS PARK SUB LOT 5 596700X

Neighborhood

  • School District Name: Sterling Community Unit District 5
  • Census Tract: 001000

Geography

  • Account Number: 96791
  • District: 10
  • Parcel: 1119280003
  • Municipality: STERLING
  • Latitude: 41.7955
  • Longitude: -89.7314

    Address

  • Full Address: 2109 Chestnut Ave
  • Address - House Number: 2109
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Sterling
  • Carrier Code: C013
  • 4-Digit Zip Code: 1811
  • Zip Code: 61081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $118,410
  • Tax Rate Code Area: 01005

    Appraisal Valuation

  • Standard Deviation: 0.3781
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 24
  • Final Value: 57,803
  • High Value: 79,662
  • Low Value: 35,943

    Market Valuation

  • Market Total Value: $51,246
  • Market Land Value: $6,909
  • Market Improvement Value: $44,337

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,082
  • Assessed Land Value: $2,303
  • Assessed Improvements Value: $14,779

    Sales

  • Current Sale Contract Date: Feb 06, 2019
  • Current Sale Recording Date: Feb 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-00676
  • Previous Sale Recording Date: Feb 29, 2016
  • Previous Sale Contract Date: Feb 26, 2016
  • Previous Sale Amount: $44,000
  • Previous Sale Document Type: 71
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 Sterling

Stats & Trends

Median Asking:

$137,500

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1251 ft²

Average Home Age

90 years

Currently For Sale

34 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: Tracey DeCrane, RE/MAX Town Lake & Country
Last Updated: 2 years ago
Data Source: MRED, MLS# 12279243
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 2109 Chestnut Avenue built and last sold?
The property at 2109 Chestnut Avenue was built in and last sold on Feb 6, 2019 for $49,900.
How much is this home worth?
The estimated value of the home located at 2109 Chestnut Avenue is $0.
What are some comparable homes to 2109 Chestnut Avenue?
There are currently no comparable homes to 2109 Chestnut Avenue.
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