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Anchor 61720
309 2nd Street
$140,000
● House - Off Market

309 2nd Street

Anchor, IL 61720
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,668 Ft²
$916
Est. Monthly
18.21%
Cap Rate

About This Property

Located in the small rural community of Anchor Illinois this home offers 3 bedrooms, 2 baths,  office/playroom, laundry room and a large eat-in kitchen.  The backyard is completely fenced-vinyl fence new in 2022(new fence gate 2024) and with added landscaping within the last year.  The 1.5 car garage is oversized and could store 2 cars.  The second floor has a large bedroom with bath and spacious walk-in closet.  This home was  completely  remodeled starting in 2011 which included walls , flooring, kitchen cabinets, baths, siding.  Furnace, A/C,  and roof new in 2011.  New oven and vent was add in 2024.  Washer and dryer new in 2020.  Dishwasher, water heater and new in 2022.
Unit Size
1,668 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$81
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1894

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1894
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • 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: 216
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,252
  • Gross Building Area: 1,252
  • Building Area: 1,252
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,252
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: FIRST ADDITION TO ANCHOR W 50 LOT 3

Neighborhood

  • School District Name: Ridgeview Community Unit School District 19
  • Census Tract: 005601

Geography

  • District: 2
  • Parcel: 18-05-277-004
  • Lot: 3
  • Meridian: SEC 05 TWN 24N RNG 06E
  • Municipality: ANCHOR
  • Latitude: 40.5679
  • Longitude: -88.5387

    Address

  • Full Address: 309 2nd St
  • Address - House Number: 309
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Anchor
  • Carrier Code: R777
  • 4-Digit Zip Code: 7506
  • Zip Code: 61720

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $206,584
  • Tax Rate Code Area: 202

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 118,207
  • High Value: 128,849
  • Low Value: 107,566

    Market Valuation

  • Market Total Value: $82,059
  • Market Land Value: $7,125
  • Market Improvement Value: $74,934

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,353
  • Assessed Land Value: $2,375
  • Assessed Improvements Value: $24,978

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17372
  • Previous Sale Recording Date: Aug 20, 2013
  • Previous Sale Contract Date: Aug 12, 2013
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: 71
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 Anchor

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$123

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1861 ft²

Average Home Age

65.3 years

Currently For Sale

0 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: Danita Punke, RE/MAX Choice
Data Source: MRED, MLS# MRD12305819
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 309 2nd Street built and last sold?
The property at 309 2nd Street was built in 1894 and last sold on Dec 15, 2023 for $120,000.
How much is this home worth?
The estimated value of the home located at 309 2nd Street is $136,249.
What are some comparable homes to 309 2nd Street?
There are currently no comparable homes to 309 2nd Street.
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