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Champaign 61820
305 Hessel Boulevard
$100,000
● House - Off Market

305 Hessel Boulevard

Champaign, IL 61820
bedrooms
2 Beds
bathrooms
1 Bath
square feet
859 Ft²
$127,178
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

great investment potential
Unit Size
859 Ft²
Days on Market
-
Land Size
-
Price per sqft
$146
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1948

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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 #11708549)

Price History

Date / Event Date Event Price
Apr 14, 2023 Sold
Premium
Sold
Jan 25, 2023 Listed by eXp Realty,LLC-Cha $125,000
Listed by eXp Realty,LLC-Cha

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,791
  • Total Building Area: 900
  • Building Area: 900
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLBERTS, LEWIS S., REPLAT OF PT HIGHLAN
  • Land Acres: 0000000225
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 38 COLBERTS, LEWIS S., REPLAT OF PT HIGHLAND PLACE

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 000500

Geography

  • District: 04
  • Parcel: 43-20-13-413-004
  • Lot: 38
  • Meridian: SEC 13 TWN 19N RNG 08E
  • Municipality: CITY OF CHAMPAIGN
  • Latitude: 40.102
  • Longitude: -88.2473

    Address

  • Full Address: 305 Hessel Blvd
  • Address - House Number: 305
  • Address - Street Name: Hessel
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Champaign
  • Carrier Code: C072
  • 4-Digit Zip Code: 6415
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $408,938
  • Tax Rate Code Area: 4302

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 165,319
  • High Value: 209,670
  • Low Value: 120,969

    Market Valuation

  • Market Total Value: $133,410
  • Market Land Value: $43,080
  • Market Improvement Value: $90,330

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,470
  • Assessed Land Value: $14,360
  • Assessed Improvements Value: $30,110

    Sales

  • Current Sale Contract Date: Apr 11, 2023
  • Current Sale Recording Date: Apr 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5053
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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2000 ft²

Average Home Age

42.1 years

Currently For Sale

175 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: J Leman, eXp Realty,LLC-Cha
Last Updated: 3 years ago
Data Source: MRED, MLS# 11708549
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 Hessel Boulevard built and last sold?
The property at 305 Hessel Boulevard was built in 1948 and last sold on Apr 11, 2023 for $296,000.
How much is this home worth?
The estimated value of the home located at 305 Hessel Boulevard is $0.
What are some comparable homes to 305 Hessel Boulevard?
There are currently no comparable homes to 305 Hessel Boulevard.
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