$199,000
●
House -
Off Market
320 Adams Street
Malta, IL 60150
2 Beds
1 Bath
1,000 Ft²
$1,261
Est. Monthly
10.39%
Cap Rate
About This Property
Welcome home to this completely updated, ranch home featuring 2
Bedrooms, 1 Bath, finished attic and 1 Car Garage on a crawl. Home
features spacious living room with built-ins, dining room, and
kitchen with new soft close cabinets, countertops and appliances.
Laundry/mud room with entrance to and from the large backyard with
a fire pit. Pull down stairs to 14x42 finished attic. Updates
include new A/C, flooring, soft close kitchen cabinets,
countertops, windows, water heater, roof, siding, gutters, outlets,
lights fixtures, doors, trim, and professionally painted
throughout. New furnace in 2021. Close to downtown. Seller hates to
leave but is being relocated for work.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
-
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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 #12092195)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Jun 30, 2024 | In contract | - | |
| In contract | |||
| Jun 22, 2024 | Listed by Weichert REALTORS Signature Professionals | $197,000 | |
| Listed by Weichert REALTORS Signature Professionals | |||
| Jun 6, 2023 | Sold | ||
| Sold | |||
| May 10, 2023 | Listed by Hometown Realty Group | $179,900 | |
| Listed by Hometown Realty Group | |||
| | |||
|
Perfect starter home or turn key rental? You decide. This completely updated, ranch home features 2 Bedrooms, 1 Bath, finished attic and 1 Car Garage. Home features spacious living room with built-ins, dining room, and kitchen with new soft close cabinets, countertops and appliances. Laundry room doubles as a spacious mudroom and pull down stairs to 14x42 finished attic. Large yard and close to town. Sold as-is. Updates include new A/C, flooring, soft close kitchen cabinets, countertops, windows, water heater, roof, siding, gutters, outlets, lights fixtures, doors, trim, and professionally painted throughout. New furnace in 2021. This home is move in ready and ready for your finishing decorating touches.
| |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Malta
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Listed by: Carrie Ottum, Weichert REALTORS Signature Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 12092195
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12092195
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