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Leaf River 61047
303 E Second Street
$115,000
● House - Off Market

303 E Second Street

Leaf River, IL 61047
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$744
Est. Monthly
24.22%
Cap Rate

About This Property

Welcome to this inviting 3-bedroom, 1-bathroom home in the heart of Leaf River! Situated on a generous lot with a big yard, this property offers plenty of outdoor space and convenient alley access for additional parking. Inside, you'll find a formal dining room and a cozy living room, perfect for entertaining or relaxing with family and friends. The large eat-in kitchen is a standout feature, providing plenty of room for cooking, dining, and creating memories. Enjoy the versatility of the expansive breezeway, ideal for a mudroom, additional storage, or even a cozy sitting area. The attached one-car garage completes the package, offering protection for your vehicle and extra storage space. This charming home is ready for your personal touch-schedule a showing today and envision the possibilities!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$82
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1956

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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 #12257800)

Price History

Date / Event Date Event Price
Feb 18, 2025 Sold
Premium
Sold
Jan 17, 2025 In contract -
In contract
Jan 11, 2025 Relisted $115,000
Relisted
Jan 10, 2025 In contract -
In contract
Dec 19, 2024 Listed by RE/MAX of Rock Valley $115,000
Listed by RE/MAX of Rock Valley

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • 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 Count: 100
  • 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: 8,167
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,000
  • Building Area: 2,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOT 6 BLK 16 VIL LEAF RIVER

Neighborhood

  • School District Name: Forrestville Valley Community Unit School District 221
  • Census Tract: 960700

Geography

  • District: 10
  • Parcel: 03-36-253-002
  • Block: 16
  • Lot: 6
  • Municipality: LEAF RIVER
  • Latitude: 42.1263
  • Longitude: -89.4006

    Address

  • Full Address: 303 E Second St
  • Address - House Number: 303
  • Street Direction: E
  • Address - Street Name: Second
  • Address - Suffix Type: St
  • State: IL
  • City Name: Leaf River
  • Carrier Code: R777
  • 4-Digit Zip Code: 9769
  • Zip Code: 61047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $193,584
  • Tax Rate Code Area: 1040

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 74
  • Final Value: 130,589
  • High Value: 155,455
  • Low Value: 105,723

    Market Valuation

  • Market Total Value: $108,237
  • Market Land Value: $17,511
  • Market Improvement Value: $90,726

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,079
  • Assessed Land Value: $5,837
  • Assessed Improvements Value: $30,242
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 Leaf River

Stats & Trends

Median Asking:

$62,500

Sale Price/ft²

$44

Below Asking

0.03%

Average Days on Market

40

Average Home Size

1664 ft²

Average Home Age

87.8 years

Currently For Sale

0 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: Rebecca Hazzard, RE/MAX of Rock Valley
Last Updated: 2 years ago
Data Source: MRED, MLS# 12257800
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 303 East Second Street built and last sold?
The property at 303 East Second Street was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 303 East Second Street is $116,150.
What are some comparable homes to 303 East Second Street?
There are currently no comparable homes to 303 East Second Street.
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