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Normal 61761
215 Keiser Avenue
$100,000
● House - Off Market

215 Keiser Avenue

Normal, IL 61761
bedrooms
2 Beds
bathrooms
1 Bath
square feet
620 Ft²
$98,630
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Well maintained home located on a quaint street in Normal. This 2 bedroom, 1 bath home has some hardwood floors, ample cabinet space in the kitchen and large fully fenced yard. Roof was replaced in 2019 and many windows updated in 2008. Shed with loft storage space is approximately 5 years old. It could easily be converted to a 1 car oversized garage. This home is part of an estate and is being sold as-is.
Unit Size
620 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$157
Property Type
House
Property Taxes
$107
HOA Dues
-
Year Built
1939

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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: 3 years ago (MRED MLS #11382777)

Price History

Date / Event Date Event Price
Jun 3, 2022 Sold
Premium
Sold
Apr 21, 2022 Listed by RE/MAX Rising $97,500
Listed by RE/MAX Rising

Property Highlights

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 619
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,451
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,239
  • Building Area: 620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 620
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEISER HEIGHTS
  • Land Acres: 0000000125
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: KEISER HEIGHTS LOT 38 & 29 BLK 3

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000301

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-29-426-022
  • Block: 3
  • Lot: 38,29
  • Meridian: SEC 29 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5083
  • Longitude: -89.0056

    Address

  • Full Address: 215 Keiser Ave
  • Address - House Number: 215
  • Address - Street Name: Keiser
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C049
  • 4-Digit Zip Code: 2812
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $143,972
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2004
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 113,661
  • High Value: 136,447
  • Low Value: 90,875

    Market Valuation

  • Market Total Value: $81,081
  • Market Land Value: $22,254
  • Market Improvement Value: $58,827

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,027
  • Assessed Land Value: $7,418
  • Assessed Improvements Value: $19,609

    Sales

  • Current Sale Contract Date: Jun 03, 2022
  • Current Sale Recording Date: Jun 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10404
  • Previous Sale Recording Date: Jun 10, 2016
  • Previous Sale Contract Date: Sep 23, 2010
  • Previous Sale Amount: $71,000
  • 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 Normal

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2057 ft²

Average Home Age

41.8 years

Currently For Sale

40 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

Unit for rent at 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Shannon Smith, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 11382777
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 215 Keiser Avenue built and last sold?
The property at 215 Keiser Avenue was built in 1939 and last sold on Jun 3, 2022 for $100,000.
How much is this home worth?
The estimated value of the home located at 215 Keiser Avenue is $97,203.
What are some comparable homes to 215 Keiser Avenue?
There are currently no comparable homes to 215 Keiser Avenue.
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