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Manhattan 60442
355 Lee Street
$325,000
● House - Off Market

355 Lee Street

Manhattan, IL 60442
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$2,181
Est. Monthly
6.73%
Cap Rate

About This Property

Located within walking distance to Anna McDonald Elementary, this charming home sits on an expansive, semi-private lot surrounded by mature trees-offering both beauty and privacy. Inside, you'll find 3 bedrooms, 2 bathrooms, and a bright sunroom that invites you to relax and unwind. The home features a large eat-in kitchen and multiple living spaces that offer flexibility and function. A finished basement adds extra living space with additional room to grow. This home is larger than it appears in photos-schedule a showing to experience it for yourself. All in the sought-after Lincoln-Way school district.
Unit Size
-
Days on Market
-
Land Size
0.51 acres
Price per sqft
-
Property Type
House
Property Taxes
$635
HOA Dues
-
Year Built
1966

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 350
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,387
  • Total Building Area: 1,910
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREEN MEADOWS
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 125 OUTLOT C IN GREEN MEADOWS UNIT 3, A SUB OF PRT OF THE W1/2 NW1/4 SEC 21, T34N-R11E (EX THAT PRT BEG AT THE NE COR OF

Neighborhood

  • School District Name: Manhattan School District 114
  • Census Tract: 883509

Geography

  • Parcel: 14-12-21-107-017
  • Lot: 125
  • Meridian: SEC 21 TWN 34N RNG 11E
  • Municipality: MANHATTAN
  • Latitude: 41.4182
  • Longitude: -87.9799

    Address

  • Full Address: 355 Lee St
  • Legal Unit: 3
  • Address - House Number: 355
  • Address - Street Name: Lee
  • Address - Suffix Type: St
  • State: IL
  • City Name: Manhattan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9272
  • Zip Code: 60442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $712,392
  • Tax Rate Code Area: 1401

    Appraisal Valuation

  • Standard Deviation: 0.1541
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 294,584
  • High Value: 340,003
  • Low Value: 249,166

    Market Valuation

  • Market Total Value: $226,050
  • Market Land Value: $61,500
  • Market Improvement Value: $164,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,350
  • Assessed Land Value: $20,500
  • Assessed Improvements Value: $54,850

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2017037862

    Financing

  • First Mortgage Financing Type: FIX
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 Manhattan

Stats & Trends

Median Asking:

$427,450

Sale Price/ft²

$189

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1991 ft²

Average Home Age

23.8 years

Currently For Sale

34 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: Randi Quigley, eXp Realty
Data Source: MRED, MLS# MRD12355815
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 355 Lee Street built and last sold?
The property at 355 Lee Street was built in 1966 and last sold on May 1, 2017 for $203,000.
How much is this home worth?
The estimated value of the home located at 355 Lee Street is $318,049.
What are some comparable homes to 355 Lee Street?
There are currently no comparable homes to 355 Lee Street.
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