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Zion 60099
2701 SALEM Boulevard
$235,000
● House - Off Market

2701 SALEM Boulevard

Zion, IL 60099
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,108 Ft²
$1,434
Est. Monthly
11.99%
Cap Rate

About This Property

Completely refreshed and waiting for you! Fabulous ranch with hardwood floors spanning the entire home! Freshly painted! BRAND NEW Kitchen appliances. NEW doors and trim! Large family room with wood burning fireplace! Spacious primary and second bedroom. HUGE unfinished basement! Bring your HGTV ideas to complete your vision and double your sq ft. Big deck for summer BBQs and oh what a large lush yard! Extra deep garage, so much to LOVE!  Why rent when you can own?! *NEW GARAGE DOOR being installed** BEST OFFERS DUE SUNDAY by 8PM*
Unit Size
1,108 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$180
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1943

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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 #12052304)

Price History

Date / Event Date Event Price
Jun 10, 2024 Sold
Premium
Sold
May 9, 2024 Listed by Keller Williams North Shore West $199,900
Listed by Keller Williams North Shore West

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,108
  • Garage Type: 1
  • Garage Square Area: 448
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,478
  • Lot Size Depth Feet: 870
  • Lot Size Frontage Feet: 2,120
  • Total Building Area: 2,664
  • Gross Building Area: 2,664
  • Building Area: 1,108
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,108
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ZION CITY
  • Land Acres: 0000000424
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ZION CITY SEC 20 (EX S90 FT) E 87 FT W1/2 LOT 4 BLOCK 70

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860301

Geography

  • District: ZION
  • Section: 20
  • Parcel: 04-20-401-008
  • Block: 70
  • Lot: 4
  • Municipality: TWP OF ZION
  • Latitude: 42.4495
  • Longitude: -87.8493

    Address

  • Full Address: 2701 Salem Blvd
  • Address - House Number: 2701
  • Address - Street Name: Salem
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Zion
  • Carrier Code: C014
  • 4-Digit Zip Code: 2135
  • Zip Code: 60099

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $542,816
  • Tax Rate Code Area: 2003

    Appraisal Valuation

  • Standard Deviation: 0.1915
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 74
  • Final Value: 173,155
  • High Value: 206,329
  • Low Value: 139,982

    Market Valuation

  • Market Total Value: $130,063
  • Market Land Value: $25,479
  • Market Improvement Value: $104,584

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,350
  • Assessed Land Value: $8,492
  • Assessed Improvements Value: $34,858

    Sales

  • Current Sale Contract Date: Oct 10, 2003
  • Current Sale Recording Date: Dec 05, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5447878
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 Zion

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$187

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1425 ft²

Average Home Age

68.3 years

Currently For Sale

27 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 1503 Carmel Boulevard, Zion, IL, 60099

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 3,480 ft²
1503 Carmel Boulevard, Zion, IL, 60099 Listing by Courtney Caraway

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andrea Lee Sullivan, Keller Williams North Shore West
Last Updated: 3 years ago
Data Source: MRED, MLS# 12052304
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 2701 Salem Boulevard built and last sold?
The property at 2701 Salem Boulevard was built in 1943 and last sold on Oct 10, 2003 for $103,000.
How much is this home worth?
The estimated value of the home located at 2701 Salem Boulevard is $202,251.
What are some comparable homes to 2701 Salem Boulevard?
There are currently no comparable homes to 2701 Salem Boulevard.
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