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Braidwood 60408
285 N Mitchell Street
Photo of 285 N Mitchell Street
Sold on Jun 30, 2026

4

Map

Photo of 285 N Mitchell Street
Photo of 285 N Mitchell Street
$17,500
● Land - Off Market

285 N Mitchell Street

Braidwood, IL 60408
bedrooms
Studio
bathrooms
0 Bath
$135
Est. Monthly

About This Property

Conveniently located parcel ready for new construction! (0.21) Acres zoned Residential NEC per tax records.   Lots of growth happening in Braidwood lately, perfect opportunity to build at an affordable price!  There are not many parcels like this left in Braidwood,  and the price is right!  reach out to your agent today!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$49
HOA Dues
-
Year Built
-

Payment Calculator

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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

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: 13,355
  • 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: BRAIDWOOD
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3 4 BLOCK 2 IN COMMERCIAL ADDITION TO BRAIDWOOD, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC. 8 T32N-R9E.

Neighborhood

  • School District Name: Reed Custer Community Unit School District 255U
  • Census Tract: 884003

Geography

  • Parcel: 02-24-08-213-003
  • Block: 2
  • Lot: 3-4
  • Meridian: SEC 08 TWN 32N RNG 09E
  • Municipality: REED TWP
  • Latitude: 41.2692
  • Longitude: -88.2125

    Address

  • Full Address: 285 N Mitchell St
  • Address - House Number: 285
  • Street Direction: N
  • Address - Street Name: Mitchell
  • Address - Suffix Type: St
  • State: IL
  • City Name: Braidwood
  • Carrier Code: C001
  • 4-Digit Zip Code: 1721
  • Zip Code: 60408

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $340,806
  • Tax Rate Code Area: 0207

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 239,271
  • High Value: 276,301
  • Low Value: 202,241

    Market Valuation

  • Market Total Value: $181,266
  • Market Land Value: $32,142
  • Market Improvement Value: $149,124

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,422
  • Assessed Land Value: $10,714
  • Assessed Improvements Value: $49,708

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 70337
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 Braidwood

Stats & Trends

Median Asking:

$267,000

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1187 ft²

Average Home Age

27.7 years

Currently For Sale

23 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 405 E Reed Street, Braidwood, IL, 60408

$1,300 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
405 E Reed Street #9, Braidwood, IL, 60408 Listing by Gino Picciola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mason Mcnabb, Lori Bonarek Realty
Data Source: MRED, MLS# MRD12663661
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 285 North Mitchell Street built and last sold?
The property at 285 North Mitchell Street was built in and last sold on Sep 6, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 285 North Mitchell Street is $17,675.
What are some comparable homes to 285 North Mitchell Street?
There are currently no comparable homes to 285 North Mitchell Street.
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