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Manhattan 60442
230 Lee Avenue
$245,000
● House - Off Market

230 Lee Avenue

Manhattan, IL 60442
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,764 Ft²
$254,810
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

This 4 bedroom 2 bath split-level home in the heart of Manhattan may be just what you are looking for. In the family friendly Green Meadows subdivision, there are loads of features.  A large back yard completely fenced in with a storage shed on site. All rooms have been freshly painted with new carpet and buff hardwood floors.  Plenty of space for all of your needs to meet today's lifestyle. The large family room in the lower level has adjacent bathroom and a 4th bedroom or office.There is a completely separate laundry room with access to the back yard. This is a great opportunity so schedule your tour today.
Unit Size
1,764 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$139
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1962

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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 #11434295)

Price History

Date / Event Date Event Price
Sep 19, 2022 Sold
Premium
Sold
Jun 13, 2022 Listed by Coldwell Banker Real Estate Group $245,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 882
  • Garage Type: 1
  • Garage Square Area: 540
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,129
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,186
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIT #1 GREEN MEADOWS
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 23 IN GREEN MEADOWS UNIT 1, A SUB OF PRT OF THE W1/2 NW1/4 SEC 21, T34N-R11E.

Neighborhood

  • School District Name: Manhattan School District 114
  • Census Tract: 883509

Geography

  • Parcel: 14-12-21-109-004
  • Lot: 23
  • Meridian: SEC 21 TWN 34N RNG 11E
  • Municipality: MANHATTAN
  • Latitude: 41.4216
  • Longitude: -87.9794

    Address

  • Full Address: 230 Lee St
  • Legal Unit: 1
  • Address - House Number: 230
  • Address - Street Name: Lee
  • Address - Suffix Type: St
  • State: IL
  • City Name: Manhattan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9268
  • Zip Code: 60442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $651,784
  • Tax Rate Code Area: 1401

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 269,433
  • High Value: 313,545
  • Low Value: 225,322

    Market Valuation

  • Market Total Value: $208,350
  • Market Land Value: $53,700
  • Market Improvement Value: $154,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,450
  • Assessed Land Value: $17,900
  • Assessed Improvements Value: $51,550

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 71081
  • Previous Sale Recording Date: Oct 12, 2001
  • Previous Sale Contract Date: Oct 11, 2001
  • Previous Sale Amount: $145,000
  • 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 Manhattan

Stats & Trends

Median Asking:

$427,450

Sale Price/ft²

$189

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1991 ft²

Average Home Age

23.8 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: Lorecia McGowan, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11434295
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 230 Lee Street built and last sold?
The property at 230 Lee Street was built in 1962 and last sold on Sep 16, 2022 for $245,000.
How much is this home worth?
The estimated value of the home located at 230 Lee Street is $252,221.
What are some comparable homes to 230 Lee Street?
There are currently no comparable homes to 230 Lee Street.
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