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Rantoul 61866
301 Illinois Drive
$120,000
● House - Off Market

301 Illinois Drive

Rantoul, IL 61866
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$877
Est. Monthly
10.89%
Cap Rate

About This Property

Great home in quite location. Hardwood floors
Unit Size
1,120 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$108
Property Type
House
Property Taxes
$282
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: 3 years ago (MRED MLS #12078070)

Price History

Date / Event Date Event Price
Aug 22, 2024 Sold
Premium
Sold
Jul 10, 2024 In contract -
In contract
Jul 6, 2024 Relisted $121,000
Relisted
Jun 15, 2024 In contract -
In contract
Jun 7, 2024 Listed by Champaign County Realty $130,000
Listed by Champaign County Realty
Show More

Property Highlights

Air Conditioning

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
  • Living Units: 1
  • 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: 9,161
  • 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: YOUMANS SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 67 YOUMANS SUB

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010100

Geography

  • District: 20
  • Parcel: 20-03-35-379-005
  • Lot: 67
  • Meridian: SEC 35 TWN 22N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.3142
  • Longitude: -88.1478

    Address

  • Full Address: 301 Illinois Dr
  • Address - House Number: 301
  • Address - Street Name: Illinois
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C002
  • 4-Digit Zip Code: 1824
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $316,616
  • Tax Rate Code Area: 2005

    Appraisal Valuation

  • Standard Deviation: 0.2638
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 110,794
  • High Value: 140,028
  • Low Value: 81,560

    Market Valuation

  • Market Total Value: $89,970
  • Market Land Value: $12,330
  • Market Improvement Value: $77,640

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,990
  • Assessed Land Value: $4,110
  • Assessed Improvements Value: $25,880

    Sales

  • Current Sale Contract Date: Mar 27, 2009
  • Current Sale Recording Date: Mar 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2009R08611
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 Rantoul

Stats & Trends

Median Asking:

$139,950

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1749 ft²

Average Home Age

55 years

Currently For Sale

11 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

Rentals Near You

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MRED

Listed by: Phillip Trautman, Champaign County Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12078070
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 301 Illinois Drive built and last sold?
The property at 301 Illinois Drive was built in and last sold on Mar 27, 2009 for $52,000.
How much is this home worth?
The estimated value of the home located at 301 Illinois Drive is $0.
What are some comparable homes to 301 Illinois Drive?
There are currently no comparable homes to 301 Illinois Drive.
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