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Champaign 61822 Dobbins Downs
2504 Campbell Drive
$125,000
● House - Off Market

2504 Campbell Drive

Champaign, IL 61821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$935
Est. Monthly

About This Property

Discover this charming 3 bedroom, 1 bath ranch situated on a desirable corner lot in the heart of Champaign, just minutes from shopping, restaurants, and entertainment. Inside offers a comfortable, functional layout with an inviting living area, an efficient kitchen, and three nicely sized bedrooms. The corner lot provides added privacy, great natural light, and plenty of outdoor space to enjoy. If you're looking for an addition to your portfolio, this property is an incredible investment opportunity. Don't miss your chance to own a move-in-ready home in a prime location!
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$124
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1964

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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

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,050
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,473
  • Total Building Area: 2,400
  • Gross Building Area: 2,400
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTERN HILLS SUB CHAMPAIGN
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2024 WESTERN HILLS SUB CHAMPAIGN

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000800

Geography

  • District: 12
  • Parcel: 12-14-35-381-005
  • Lot: 2024
  • Meridian: SEC 35 TWN 20N RNG 08E
  • Municipality: HENSLEY
  • Latitude: 40.143
  • Longitude: -88.27

    Address

  • Full Address: 2504 Campbell Dr
  • Address - House Number: 2504
  • Address - Street Name: Campbell
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C040
  • 4-Digit Zip Code: 1049
  • Zip Code: 61821

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $230,272
  • Tax Rate Code Area: 1204

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 139,324
  • High Value: 174,988
  • Low Value: 103,660

    Market Valuation

  • Market Total Value: $118,260
  • Market Land Value: $23,100
  • Market Improvement Value: $95,160

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,420
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $31,720

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21892
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 Dobbins Downs

Stats & Trends

Median Asking:

$161,000

Sale Price/ft²

$128

Below Asking

0.05%

Average Days on Market

60

Average Home Size

1429 ft²

Average Home Age

65 years

Currently For Sale

0 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 2801 Rachel Road, Champaign, IL, 61822

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
2801 Rachel Road, Champaign, IL, 61822 Listing by Scott Bechtel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Dallas, RYAN DALLAS REAL ESTATE
Data Source: MRED, MLS# MRD12520568
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 2504 Campbell Drive built and last sold?
The property at 2504 Campbell Drive was built in 1964 and last sold on Dec 8, 2022 for $84,000.
How much is this home worth?
The estimated value of the home located at 2504 Campbell Drive is $0.
What are some comparable homes to 2504 Campbell Drive?
There are currently no comparable homes to 2504 Campbell Drive.
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