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Rockford 61103 Northwest
2422 Custer Avenue
$146,000
● House - Off Market

2422 Custer Avenue

Rockford, IL 61103
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,464 Ft²
$756
Est. Monthly
20.96%
Cap Rate

About This Property

Charming all-brick ranch featuring 3 spacious bedrooms, 2 full bathrooms, and a detached 2-car garage. This well-maintained home boasts a full basement, an inviting enclosed front porch, a spacious kitchen, and plenty of storage. Recent upgrades include a newer furnace, water heater, and water softener. Move-in ready and lovingly cared for!
Unit Size
1,464 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$92
HOA Dues
-
Year Built
1960

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 1,464
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,928
  • Gross Building Area: 2,928
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PAGELS 3RD SUB
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: PAGELS 3RD SUB BNG A SUB OF PT NW 1/4SEC 14-44-1 LOT 005

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003400

Zoning

  • Zoning: R1

Geography

  • Parcel: 11-14-107-009
  • Lot: 005
  • Meridian: SEC 14 TWN 44 RANGE 1
  • Municipality: ROCKFORD
  • Latitude: 42.2941
  • Longitude: -89.096

    Address

  • Full Address: 2422 Custer Ave
  • Address - House Number: 2422
  • Address - Street Name: Custer
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rockford
  • Carrier Code: C006
  • 4-Digit Zip Code: 4327
  • Zip Code: 61103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $319,190
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 120,274
  • High Value: 148,255
  • Low Value: 92,292

    Market Valuation

  • Market Total Value: $83,811
  • Market Land Value: $9,639
  • Market Improvement Value: $74,172

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,937
  • Assessed Land Value: $3,213
  • Assessed Improvements Value: $24,724
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 Northwest

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$104

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1578 ft²

Average Home Age

87.8 years

Currently For Sale

21 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

Rentals Near You

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MRED

Listed by: Lisa Ellis, eXp Realty
Data Source: MRED, MLS# MRD12166890
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 2422 Custer Avenue built and last sold?
The property at 2422 Custer Avenue was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2422 Custer Avenue is $137,076.
What are some comparable homes to 2422 Custer Avenue?
There are currently no comparable homes to 2422 Custer Avenue.
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