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Marengo 60152
236 Locust Street
$211,350
● House - Off Market

236 Locust Street

Marengo, IL 60152
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$1,326
Est. Monthly
11.89%
Cap Rate

About This Property

Come and get this cute and affordable home! Recently updated with new paint, flooring, cabinets, bath and more! Three bedrooms give room for all, and LOOK at that kitchen size! The living room is perfect, too. There's a basement for storing your "stuff" or whatever else you want it for. You'll love the detached garage and the extra shed! This home is sitting on a cute in town lot, close to downtown. Marengo is a great place to live, a small country town, yet only minutes to I-90! Don't miss this great buy!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$191
Property Type
House
Property Taxes
$294
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 #11960164)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Jan 23, 2024 Listed by RE/MAX Suburban $210,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

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
  • Living Units: 1
  • 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: 8,582
  • 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: SAFFORDS ADDN
  • Land Acres: 0000000197
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 95R011075 N 66FT LT 6 BLK 4 SAFFORDS ADDN

Neighborhood

  • School District Name: Marengo Community High School District 154
  • Census Tract: 871004

Geography

  • Parcel: 11-36-327-034
  • Block: 4
  • Lot: 6
  • Municipality: MARENGO TWP
  • Latitude: 42.2459
  • Longitude: -88.5987

    Address

  • Full Address: 236 Locust St
  • Address - House Number: 236
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marengo
  • Carrier Code: C003
  • 4-Digit Zip Code: 3440
  • Zip Code: 60152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $352,712
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.0981
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 90
  • Final Value: 205,181
  • High Value: 225,310
  • Low Value: 185,053

    Market Valuation

  • Market Total Value: $135,960
  • Market Land Value: $35,112
  • Market Improvement Value: $100,848

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,320
  • Assessed Land Value: $11,704
  • Assessed Improvements Value: $33,616

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6652
  • Previous Sale Recording Date: Feb 29, 2024
  • Previous Sale Contract Date: Nov 30, 2023
  • Previous Sale Amount: $109,500
  • Previous Sale Document Type: 69
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 Marengo

Stats & Trends

Median Asking:

$329,450

Sale Price/ft²

$179

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1547 ft²

Average Home Age

48.8 years

Currently For Sale

16 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 974 Meadow Lane, Marengo, IL, 60152

$2,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,900 ft²
974 Meadow Lane, Marengo, IL, 60152 Listing by Mike Najarian

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marj Carpenter, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11960164
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 236 Locust Street built and last sold?
The property at 236 Locust Street was built in and last sold on Mar 6, 2024 for $211,500.
How much is this home worth?
The estimated value of the home located at 236 Locust Street is $204,515.
What are some comparable homes to 236 Locust Street?
There are currently no comparable homes to 236 Locust Street.
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