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Bloomington 61704
2820 Phillip Place
$270,000
● House - Off Market

2820 Phillip Place

Bloomington, IL 61704
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,420 Ft²
$1,604
Est. Monthly
9.21%
Cap Rate

About This Property

Check out this well maintained 3 bedroom, 1.5 bath home located in East Bloomington with large now fenced (2024) backyard! The first floor offers a spacious family room, a kitchen with amble storage (slate appliance package) with portable island, separate formal dining space, and a front living room with a hall half bath. Upstairs you will find a generously-sized master bedroom with in-suite bathroom that is also accessible from the hallway. There are 2 additional bedrooms with nice closet space! The basement is partially finished and features another living area and office with plenty of unfinished space for storage. Laundry service. New Furnace (2025)! Huge yard, with pergola (2024), great deck with new stairs (2025). 2 Car Garage with EV Charging Plug (2024).
Unit Size
2,420 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$103
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1984

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 635
  • Garage Type: 1
  • Garage Square Area: 379
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 106
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 10,015
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,726
  • Gross Building Area: 2,726
  • Building Area: 2,062
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,062
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 10TH ADD WASHINGTON EAST
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 10TH ADD WASHINGTON EAST LOT 389

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 001103

Zoning

  • Zoning: R1B

Geography

  • District: 40
  • Parcel: 21-01-377-026
  • Lot: 389
  • Meridian: SEC 01 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4754
  • Longitude: -88.9372

    Address

  • Full Address: 2820 Phillip Pl
  • Address - House Number: 2820
  • Address - Street Name: Phillip
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C002
  • 4-Digit Zip Code: 4638
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $421,968
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2119
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 212,052
  • High Value: 256,997
  • Low Value: 167,106

    Market Valuation

  • Market Total Value: $166,950
  • Market Land Value: $36,564
  • Market Improvement Value: $130,386

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,650
  • Assessed Land Value: $12,188
  • Assessed Improvements Value: $43,462

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Apr 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6383
  • Previous Sale Recording Date: Jul 22, 2020
  • Previous Sale Contract Date: Jul 02, 2020
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 71
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 Bloomington

Stats & Trends

Median Asking:

$263,500

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2506 ft²

Average Home Age

59 years

Currently For Sale

97 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 1313 E Washington Street, Bloomington, IL, 61701

$2,700 /mo

  • 5 Beds
  • 2 Baths
  • 3,525 ft²
1313 E Washington Street, Bloomington, IL, 61701 Listing by Colleen Zerebny
Unit for rent at 3125 Old Jamestown Road, Bloomington, IL, 61704

$2,900 /mo

  • 4 Beds
  • 2 Baths
  • 3,196 ft²
3125 Old Jamestown Road, Bloomington, IL, 61704 Listing by Reshma Shah

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: April Bauchmoyer, RE/MAX Rising
Data Source: MRED, MLS# MRD12270803
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 2820 Phillip Place built and last sold?
The property at 2820 Phillip Place was built in 1984 and last sold on Apr 4, 2022 for $150,000.
How much is this home worth?
The estimated value of the home located at 2820 Phillip Place is $0.
What are some comparable homes to 2820 Phillip Place?
There are currently no comparable homes to 2820 Phillip Place.
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