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Gardner 60424
311 N Cedar Street
$220,000
● House - Off Market

311 N Cedar Street

Gardner, IL 60424
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$1,194
Est. Monthly
12.53%
Cap Rate

About This Property

Looking for a move-in ready home? This freshly painted 3-bedroom, 1-bathroom home sits on a sprawling lot and is ready for you. Step into an updated, heated sunroom that leads into the main living space. The first-floor primary bedroom offers convenience, and the oversized full bathroom has been completely renovated. Newer carpet runs throughout the home for a fresh, clean feel. The large eat-in kitchen is perfect for gatherings and features a brand-new stove, oven, and dishwasher. Upstairs, you'll find two more bedrooms with new windows and ample closet space. Outside, the oversized 27' x 29' garage easily fits two cars-with extra space for a third vehicle, workshop, or storage. The yard is large and private, shaded by mature trees and ideal for outdoor entertaining.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$174
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
-

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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

  • 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: 11,326
  • Total Building Area: 0
  • Building Area: 0

    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: ORIGINAL TOWN GARDNER
  • Land Acres: 0000000260
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ORIG TN GARDNER LT 13 & N1/2 LT 14 BLK 11 SEC 4-31-8

Neighborhood

  • School District Name: Gardner Community Consolidated School District 72C
  • Census Tract: 000900

Geography

  • District: 05
  • Parcel: 12-04-479-009
  • Block: 11
  • Lot: 13-14
  • Meridian: SEC 04 TWN 31N RNG 08W
  • Municipality: GARFIELD TOWNSHIP
  • Latitude: 41.1896
  • Longitude: -88.3026

    Address

  • Full Address: 311 N Cedar St
  • Address - House Number: 311
  • Street Direction: N
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: IL
  • City Name: Gardner
  • Carrier Code: R002
  • 4-Digit Zip Code: 7072
  • Zip Code: 60424

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $278,060
  • Tax Rate Code Area: 5051

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 71
  • Final Value: 144,510
  • High Value: 174,929
  • Low Value: 114,091

    Market Valuation

  • Market Total Value: $101,772
  • Market Land Value: $21,561
  • Market Improvement Value: $80,211

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,924
  • Assessed Land Value: $7,187
  • Assessed Improvements Value: $26,737

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 597238
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 Gardner

Stats & Trends

Median Asking:

$180,000

Sale Price/ft²

$131

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1492 ft²

Average Home Age

72.1 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: Kristina Maurella, Keller Williams Preferred Rlty
Data Source: MRED, MLS# MRD12330681
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 311 North Cedar Street built and last sold?
The property at 311 North Cedar Street was built in and last sold on Sep 21, 2020 for $134,900.
How much is this home worth?
The estimated value of the home located at 311 North Cedar Street is $0.
What are some comparable homes to 311 North Cedar Street?
There are currently no comparable homes to 311 North Cedar Street.
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