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Montgomery 60505 Southeast Aurora
233 Parker Avenue
$38,000
● Land - Off Market

233 Parker Avenue

Montgomery, IL 60505
bedrooms
Studio
bathrooms
0 Bath
$284
Est. Monthly
25.88%
Cap Rate

About This Property

Exceptional opportunity! This wooded, sprawling one-acre lot is the perfect canvas for realizing your dream home. Enjoy the convenience of being mere steps away from the Elementary School. Situated on a tranquil dead-end street, the property offers a peaceful retreat while still being close to essential amenities.
Unit Size
-
Days on Market
-
Land Size
0.94 acres
Price per sqft
-
Property Type
Land
Property Taxes
$95
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: 3 years ago (MRED MLS #11963899)

Price History

Date / Event Date Event Price
Aug 2, 2024 Sold
Premium
Sold
Jul 4, 2024 In contract -
In contract
Jan 22, 2024 Listed by Mark Allen Realty $38,500
Listed by Mark Allen Realty

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: 8,280
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 600
  • 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: V
  • Subdivision: ASHLND-SHERMN-DOUGLS-BRWY
  • Land Acres: 0000000190
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • State Land Use Code: 0030
  • Legal Description 1: PART NE 1/4 SEC 33-38-8 LOT DIMENSIONS: 60 X 138 APPROX LOT SQ FT 8280 SUBDIVISION: ASHLND-SHERMN-DOUGLS-BRWY RANGE CODE: 001

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 854002

Geography

  • Parcel: 15-33-276-016
  • Lot: D
  • Meridian: SEC 33 TWN 38 RNG 08
  • Municipality: AURORA
  • Latitude: 41.7343
  • Longitude: -88.3242

    Address

  • Full Address: 233 Parker Ave
  • Address - House Number: 233
  • Address - Street Name: Parker
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Aurora
  • Carrier Code: C081
  • 4-Digit Zip Code: 5540
  • Zip Code: 60505

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $36,792
  • Tax Rate Code Area: AU036

    Market Valuation

  • Market Total Value: $16,245
  • Market Land Value: $16,245

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,413
  • Assessed Land Value: $5,413
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 Southeast Aurora

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1300 ft²

Average Home Age

89.7 years

Currently For Sale

8 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

Currently no nearby rentals
MRED

Listed by: Joseph Kersjes, Mark Allen Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11963899
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 233 Parker Avenue built and last sold?
The property at 233 Parker Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 233 Parker Avenue is $38,885.
What are some comparable homes to 233 Parker Avenue?
There are currently no comparable homes to 233 Parker Avenue.
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