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Malta 60150
304 N 2nd Street
$141,000
● House - Off Market

304 N 2nd Street

Malta, IL 60150
bedrooms
2 Beds
bathrooms
1 Bath
square feet
832 Ft²
$999
Est. Monthly
14.48%
Cap Rate

About This Property

This charming 2 bedroom, 1 bath home located in the heart of Malta is truly a gem. Whether you are a first-time homebuyer or looking to downsize, this property is perfect for you. The home has been meticulously maintained and is in excellent condition.  Some of the features of this lovely home include vinyl windows, new screen doors and exterior doors, updated flooring, kitchen, and bathroom. The newer water heater and furnace are in great working order, providing peace of mind for the new owner.  The over-sized one car garage offers ample storage space or a workshop area for those who enjoy tinkering. The backyard offers beautiful views, perfect for relaxing or entertaining guests.  Don't miss out on this well-maintained and charming home in Malta.
Unit Size
832 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$168
Property Type
House
Property Taxes
$311
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 #12069572)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
Jun 3, 2024 Listed by Weichert REALTORS Signature Professionals $140,000
Listed by Weichert REALTORS Signature Professionals

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 660
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MALTA (ORIGINAL TOWN)
  • Land Acres: 0000000250
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: MALTA (ORIGINAL TOWN) - LOT 7 BLOCK 20

Neighborhood

  • School District Name: DeKalb Community Unit School District 428
  • Census Tract: 000300

Geography

  • Account Number: 0723105002
  • District: MA
  • Parcel: 07-23-105-002
  • Block: 20
  • Lot: 7
  • Municipality: MALTA
  • Latitude: 41.9324
  • Longitude: -88.8639

    Address

  • Full Address: 304 N 2nd St
  • Address - House Number: 304
  • Street Direction: N
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Malta
  • Carrier Code: R001
  • 4-Digit Zip Code: 9747
  • Zip Code: 60150

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $370,436
  • Tax Rate Code Area: MA07

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 154,749
  • High Value: 184,974
  • Low Value: 124,523

    Market Valuation

  • Market Total Value: $123,771
  • Market Land Value: $20,280
  • Market Improvement Value: $103,491

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,257
  • Assessed Land Value: $6,760
  • Assessed Improvements Value: $34,497

    Sales

  • Current Sale Contract Date: Jul 14, 2012
  • Current Sale Recording Date: Jul 30, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012008793
  • Previous Sale Recording Date: May 07, 2010
  • Previous Sale Contract Date: May 06, 2010
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Malta

Stats & Trends

Median Asking:

$299,990

Sale Price/ft²

$165

Above Asking

0.00%

Average Days on Market

43

Average Home Size

2420 ft²

Average Home Age

170 years

Currently For Sale

1 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: Kimberly Lancaste, Weichert REALTORS Signature Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 12069572
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 304 North 2nd Street built and last sold?
The property at 304 North 2nd Street was built in and last sold on Jul 14, 2012 for $50,000.
How much is this home worth?
The estimated value of the home located at 304 North 2nd Street is $0.
What are some comparable homes to 304 North 2nd Street?
There are currently no comparable homes to 304 North 2nd Street.
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