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Mendota 61342
306 6th Street
$108,000
● House - Off Market

306 6th Street

Mendota, IL 61342
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,627 Ft²
$696
Est. Monthly
23.68%
Cap Rate

About This Property

WONDERFUL OPPORTUNITY FOR FIRST TIME BUYERS! THIS 2 STORY, 3+ BEDROOM, 1 BATHROOM HOME IS SITUATED ON A LARGE FENCED IN LOT WITH NICE SIZE DECK FOR ENTERTAINING! ENJOY THE CONVENIENCE OF BEING CLOSE TO DOWNTOWN, PARKS, SCHOOLS AND TRAIN. THIS 1600+ SQ FT HOME HAS LOTS OF UPDATES INCLUDING: NEW  ROOF ON BACK SIDE OF HOME 2024~REST OF ROOF NEW IN 2008~ NEW GARAGE ROOF IN 2024~ NEW FURNACE IN 2021~ NEW SUMP PUMP IN MARCH 2025~ NEW WATER HEATER IN 2021~ UPDATED ELECTRICAL CIRCUIT BREAKER SYSTEM~ AND ALL APPLIANCES STAY! DON'T WAIT... WITH LOW INVENTORY THIS ONE WON'T LAST LONG!
Unit Size
1,627 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$71
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1900

Payment Calculator

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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
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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 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: 6,098
  • Total Building Area: 1,627
  • Gross Building Area: 1,627
  • Building Area: 1,627
  • Building Area Measurement: T

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: I C RR COS ADD
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: I C RR COS ADD, E50 LTS 1 & 2 BLK 24 & TOWN OF MENDOTA E60 LT 2 BLK 56 SEC 33-36-1

Neighborhood

  • School District Name: Mendota Township High School District 280
  • Census Tract: 962000

Geography

  • District: MD
  • Parcel: 01-33-233-022
  • Block: 24,56
  • Lot: 1-2
  • Meridian: SEC 33 TWN 36 RNG 01
  • Municipality: MENDOTA TOWNSHIP
  • Latitude: 41.5479
  • Longitude: -89.1125

    Address

  • Full Address: 306 6th St
  • Address - House Number: 306
  • Address - Street Name: 6th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mendota
  • Carrier Code: C003
  • 4-Digit Zip Code: 1839
  • Zip Code: 61342

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $141,481
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: MD002

    Appraisal Valuation

  • Standard Deviation: 0.133
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 62,977
  • High Value: 71,353
  • Low Value: 54,600

    Market Valuation

  • Market Total Value: $64,587
  • Market Land Value: $6,942
  • Market Improvement Value: $57,645

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,529
  • Assessed Land Value: $2,314
  • Assessed Improvements Value: $19,215

    Sales

  • Current Sale Contract Date: Apr 22, 2006
  • Current Sale Recording Date: Apr 27, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2006-10333
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 Mendota

Stats & Trends

Median Asking:

$157,000

Sale Price/ft²

$112

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1534 ft²

Average Home Age

92.8 years

Currently For Sale

10 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 McPheeters, Town & Country Realty Sales
Data Source: MRED, MLS# MRD12306195
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 306 6th Street built and last sold?
The property at 306 6th Street was built in 1900 and last sold on Apr 22, 2006 for $80,000.
How much is this home worth?
The estimated value of the home located at 306 6th Street is $122,010.
What are some comparable homes to 306 6th Street?
There are currently no comparable homes to 306 6th Street.
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