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Cullom 60929
305 E Jackson Street
$145,000
● House - Off Market

305 E Jackson Street

Cullom, IL 60929
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,782 Ft²
$830
Est. Monthly
22.22%
Cap Rate

About This Property

House authorized by its sturdy construction, using traditional materials like brick, stone, or wood, and craftsmanship that prioritizes durability over speed. This home feature unique architectural details and a sense of history, with many having withstood the test of time.  Kitchen and bathrooms are new, gorgeous wood ceilings in kitchen/dining room, hardwood floors restored in downstairs. Walk up attic is floored and very open. Basement is dry with plenty of shelving and storage area. Newer windows, sauna, two AC units. Very tastefully restored with modern day usefulness. Original woodwork throughout. Move-in ready.
Unit Size
1,782 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$84
Property Type
House
Property Taxes
$93
HOA Dues
-
Year Built
1898

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 1898
  • Effective Year Built: 1898
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 378
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,160
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,782
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HECKELMAN'S SECOND ADD
  • Land Acres: 0000000258
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 18-23-481-004 LOT 75 X 150 LOT 7 & W1/2 LOT 8 BLK 4 HECKELMANS 2ND ADD

Neighborhood

  • School District Name: Tri-Point Community Unit School District 6-J
  • Census Tract: 960200

Geography

  • District: 18
  • Parcel: 18-18-23-481-004
  • Block: 4
  • Lot: 7,8
  • Municipality: SULLIVAN
  • Latitude: 40.8783
  • Longitude: -88.2655

    Address

  • Full Address: 305 E Jackson St
  • Address - House Number: 305
  • Street Direction: E
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Cullom
  • Carrier Code: R002
  • 4-Digit Zip Code: 7176
  • Zip Code: 60929

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $105,638
  • Tax Rate Code Area: 18002

    Appraisal Valuation

  • Standard Deviation: 0.1201
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 75
  • Final Value: 37,266
  • High Value: 41,743
  • Low Value: 32,788

    Market Valuation

  • Market Total Value: $36,234
  • Market Land Value: $2,913
  • Market Improvement Value: $33,321

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,078
  • Assessed Land Value: $971
  • Assessed Improvements Value: $11,107

    Sales

  • Current Sale Contract Date: May 01, 2020
  • Current Sale Recording Date: May 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R-01651
  • Previous Sale Recording Date: Sep 04, 2019
  • Previous Sale Contract Date: Aug 09, 2019
  • Previous Sale Document Type: 64
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 Cullom

Stats & Trends

Median Asking:

$117,700

Sale Price/ft²

$81

Below Asking

0.13%

Average Days on Market

125

Average Home Size

1448 ft²

Average Home Age

112.5 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

Rentals Near You

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MRED

Listed by: Sergey Ognev, Citiland Real Estate Inc
Data Source: MRED, MLS# MRD12348655
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 305 East Jackson Street built and last sold?
The property at 305 East Jackson Street was built in 1898 and last sold on May 1, 2020 for $25,000.
How much is this home worth?
The estimated value of the home located at 305 East Jackson Street is $152,031.
What are some comparable homes to 305 East Jackson Street?
There are currently no comparable homes to 305 East Jackson Street.
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