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Forrest 61741
226 S Beech Street
$70,000
● House - Off Market

226 S Beech Street

Forrest, IL 61741
bedrooms
1 Bed
bathrooms
1 Bath
square feet
600 Ft²
$483
Est. Monthly
30.10%
Cap Rate

About This Property

Say hello to this ranch home with a one car attached garage located in Forrest, IL! The roof is less than 10 years old, all new windows installed 2 years ago, and a fresh remodel in 2022 with new drywall, flooring, bathroom, and paint! Enjoy the stream going thru the backyard, and a large driveway leading to the one car attached garage (access to home is provided through the basement.) This home has one bedroom on the main level & another room in the basement utilized as a computer room currently. The laundry is located in basement as well. Home has forced air heat & central air.
Unit Size
600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$125
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1952

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 600
  • Garage Type: 1
  • Garage Square Area: 288
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,488
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: I J KRACKS 2ND ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 26 03 351 007 .15 ACRE N50' LOT 3 BLK 5 LYG E OF DITCH & S1/2 VAC ALLEY LYG N & ADJ I J KRACK'S 2ND ADD

Neighborhood

  • School District Name: Prairie Central Community Unit School District 8
  • Census Tract: 960900

Geography

  • District: 26
  • Parcel: 26-26-03-351-007
  • Block: 5
  • Lot: 3
  • Municipality: FORREST
  • Latitude: 40.7483
  • Longitude: -88.4094

    Address

  • Full Address: 226 S Beech St
  • Address - House Number: 226
  • Street Direction: S
  • Address - Street Name: Beech
  • Address - Suffix Type: St
  • State: IL
  • City Name: Forrest
  • Carrier Code: R777
  • 4-Digit Zip Code: 9617
  • Zip Code: 61741

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $132,292
  • Tax Rate Code Area: 26002

    Appraisal Valuation

  • Standard Deviation: 0.2338
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 67
  • Final Value: 54,897
  • High Value: 67,733
  • Low Value: 42,062

    Market Valuation

  • Market Total Value: $40,653
  • Market Land Value: $3,225
  • Market Improvement Value: $37,428

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,551
  • Assessed Land Value: $1,075
  • Assessed Improvements Value: $12,476
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 Forrest

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$86

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1233 ft²

Average Home Age

96.3 years

Currently For Sale

3 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: Jarrin Blunier, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12459549
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 226 South Beech Street built and last sold?
The property at 226 South Beech Street was built in 1952 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 226 South Beech Street is $0.
What are some comparable homes to 226 South Beech Street?
There are currently no comparable homes to 226 South Beech Street.
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