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Vermilion
3609 Artesian Avenue
$93,000
● House - Off Market

3609 Artesian Avenue

Armstrong, IL 61812
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,901 Ft²
$576
Est. Monthly
22.14%
Cap Rate

About This Property

Don't miss this spacious 4-bedroom, 2-bath home offering a great opportunity for the right buyer! Priced to reflect its current condition, this property already has several big-ticket updates completed-new roof (2024), furnace (2023), updated electrical panel (2023), hot water heater (2024), water softener (2024), new kitchen cabinets (2023), and some new windows and flooring. The unfinished basement is full of potential and ready for your personal touch.Outside, you'll find a large 40x60 outbuilding-perfect for storage or a workshop. Whether you're an investor or looking to build sweat equity, this home offers great value and room to grow.  Schedule your showing today and imagine the possibilities!
Unit Size
1,901 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$50
Property Type
House
Property Taxes
$109
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: 14,810
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • 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: TOWN ARMSTRONG
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: ARMSTRONG LTS 3 & 4 B2

Neighborhood

  • School District Name: Armstrong-Ellis Consolidated School District 61
  • Census Tract: 010100

Geography

  • District: MF
  • Parcel: 11-01-203-012
  • Block: 2
  • Lot: 3-4
  • Meridian: SEC 01 TWN 21N RNG 14W
  • Municipality: MIDDLEFORK
  • Latitude: 40.309
  • Longitude: -87.8745

    Address

  • Full Address: 3609 Artesian Ave
  • Address - House Number: 3609
  • Address - Street Name: Artesian
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Armstrong
  • Carrier Code: R061
  • 4-Digit Zip Code: 6811
  • Zip Code: 61812

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $110,340
  • Tax Rate Code Area: MF001

    Appraisal Valuation

  • Standard Deviation: 0.2861
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 42
  • Final Value: 141,895
  • High Value: 182,500
  • Low Value: 101,289

    Market Valuation

  • Market Total Value: $40,170
  • Market Land Value: $5,475
  • Market Improvement Value: $34,695

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,390
  • Assessed Land Value: $1,825
  • Assessed Improvements Value: $11,565

    Sales

  • Current Sale Contract Date: Dec 17, 2022
  • Current Sale Recording Date: Dec 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 22
  • Current Sale Input Document Number: 8571
  • Previous Sale Recording Date: Jul 26, 2021
  • Previous Sale Contract Date: Jul 12, 2021
  • Previous Sale Amount: $11,000
  • Previous Sale Document Type: 64
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 Vermilion

Stats & Trends

Median Asking:

$109,000

Sale Price/ft²

$83

Below Asking

0.04%

Average Days on Market

64

Average Home Size

1815 ft²

Average Home Age

74.9 years

Currently For Sale

48 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: Natalie Nielsen, Pathway Realty, PLLC
Data Source: MRED, MLS# MRD12403545
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 3609 Artesian Avenue built and last sold?
The property at 3609 Artesian Avenue was built in and last sold on Dec 17, 2022 for $75,000.
How much is this home worth?
The estimated value of the home located at 3609 Artesian Avenue is $0.
What are some comparable homes to 3609 Artesian Avenue?
There are currently no comparable homes to 3609 Artesian Avenue.
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