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Bourbonnais 60914
275 N TOMAGENE Drive
$141,000
● House - Off Market

275 N TOMAGENE Drive

Bourbonnais, IL 60914
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,751 Ft²
$766
Est. Monthly
25.02%
Cap Rate

About This Property

Fantastic Equity Opportunity! This rare 4-bedroom, 2-bath split-level home, located in the desirable Bourbonnais, IL, offers incredible potential for the right buyer. With a spacious, functional layout featuring two bedrooms on each level, the lower level presents an excellent opportunity for related living or a private mother-in-law suite. This home is an estate sale and is being sold AS-IS, making it an ideal investment for those looking to build equity. Conventional or cash offers only. The property is easy to show/short notice OK. Don't miss the chance to turn this gem into something great. Schedule your private showing today!
Unit Size
1,751 Ft²
Days on Market
-
Land Size
-
Price per sqft
$80
Property Type
House
Property Taxes
$78
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: 2 years ago (MRED MLS #12275986)

Price History

Date / Event Date Event Price
Feb 24, 2025 Sold
Premium
Sold
Jan 25, 2025 In contract -
In contract
Jan 22, 2025 Listed by Exclusive Realtors $139,900
Listed by Exclusive Realtors

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: 8,750
  • 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: SUN VALLEY 1ST ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SUN VALLEY 1ST ADDN LOT 1 20-31-12E

Neighborhood

  • School District Name: Bourbonnais School District 53
  • Census Tract: 010702

Zoning

  • Zoning: R1

Geography

  • District: 17
  • Parcel: 17-09-20-202-010
  • Lot: 1
  • Municipality: BOURBONNAIS
  • Latitude: 41.1608
  • Longitude: -87.8648

    Address

  • Full Address: 275 N Tomagene Dr
  • Address - House Number: 275
  • Street Direction: N
  • Address - Street Name: Tomagene
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bourbonnais
  • Carrier Code: C002
  • 4-Digit Zip Code: 2131
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $403,720
  • Tax Rate Code Area: 17003

    Appraisal Valuation

  • Standard Deviation: 0.2122
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 211,437
  • High Value: 256,419
  • Low Value: 166,455

    Market Valuation

  • Market Total Value: $196,872
  • Market Land Value: $18,228
  • Market Improvement Value: $178,644

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,624
  • Assessed Land Value: $6,076
  • Assessed Improvements Value: $59,548

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes
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 Bourbonnais

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$174

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1843 ft²

Average Home Age

34.5 years

Currently For Sale

36 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

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MRED

Listed by: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 12275986
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 275 North Tomagene Drive built and last sold?
The property at 275 North Tomagene Drive 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 275 North Tomagene Drive is $0.
What are some comparable homes to 275 North Tomagene Drive?
There are currently no comparable homes to 275 North Tomagene Drive.
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