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McLean 61754
304 W Charles Street
$128,000
● House - Off Market

304 W Charles Street

Mclean, IL 61754
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$801
Est. Monthly
11.04%
Cap Rate

About This Property

Welcome home! If you're searching for the perfect small-town retreat, look no further. This charming older home offers spacious main-floor living with fresh paint and new carpet. Recent updates include a brand-new roof (2023) and furnace has a new blower motor and has been recently serviced for peace of mind. The main floor features a convenient laundry area, a nice size kitchen, and a newlly renovated bathroom. Upstairs has one bedroom and a bonus room that can be easily converted to a 3rd bedroom. The oversized 2.5-car garage comes equipped with electricity-perfect for projects or extra storage. Enjoy the changing seasons from the enclosed porch, a cozy space just in time for spring. Don't miss this opportunity to own a home with character and modern updates!
Unit Size
1,242 Ft²
Days on Market
-
Land Size
-
Price per sqft
$109
Property Type
House
Property Taxes
$138
HOA Dues
-
Year Built
1907

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • 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: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIG TOWN OF MCLEAN
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ORIG TOWN OF MCLEAN E 1/2 LOT 8 & W 1/2 LOT 9 BLK 6

Neighborhood

  • School District Name: Olympia Community Unit School District 16
  • Census Tract: 006000

Geography

  • District: 23
  • Parcel: 26-35-404-005
  • Block: 6
  • Lot: 8,9
  • Meridian: SEC 35 TWN 22N RNG 01W
  • Municipality: MOUNT HOPE
  • Latitude: 40.3173
  • Longitude: -89.1743

    Address

  • Full Address: 304 W Charles St
  • Address - House Number: 304
  • Street Direction: W
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mc Lean
  • Carrier Code: R003
  • 4-Digit Zip Code: 9610
  • Zip Code: 61754

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $166,684
  • Tax Rate Code Area: 2301

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 133,437
  • High Value: 161,192
  • Low Value: 105,682

    Market Valuation

  • Market Total Value: $98,052
  • Market Land Value: $8,937
  • Market Improvement Value: $89,115

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,684
  • Assessed Land Value: $2,979
  • Assessed Improvements Value: $29,705
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 McLean

Stats & Trends

Median Asking:

$159,900

Sale Price/ft²

$115

Above Asking

0.00%

Average Days on Market

33

Average Home Size

1379 ft²

Average Home Age

73 years

Currently For Sale

3 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: Carrie Driver, RE/MAX Rising
Data Source: MRED, MLS# MRD12315267
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 West Charles Street built and last sold?
The property at 304 West Charles Street was built in 1907 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 304 West Charles Street is $0.
What are some comparable homes to 304 West Charles Street?
There are currently no comparable homes to 304 West Charles Street.
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