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Chenoa 61726
401 Commercial Street
$130,000
● House - Off Market

401 Commercial Street

Chenoa, IL 61726
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$776
Est. Monthly
20.65%
Cap Rate

About This Property

Welcome home to .28 acres of peaceful living on a country lot in Chenoa, IL! This property is full of charm with arches & original hardwood floors under the carpet, new roof in 2024, central air & forced heat. The house has two spacious bedrooms & 1 full bathroom with a nicely updated walk in shower. The living room has many windows giving great natural light which lead to the dining room & kitchen. Enjoy the large mud & laundry room off the kitchen which leads to the side patio where you will find a great 2 car detached garage. So much space with over a quarter of an acre in town, call to make this your home today!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$113
Property Type
House
Property Taxes
$167
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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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

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,196
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST CHENOA
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: EAST CHENOA L5 &6 BLK 12

Neighborhood

  • School District Name: Prairie Central Community Unit School District 8
  • Census Tract: 005700

Geography

  • District: 8
  • Parcel: 03-01-309-003
  • Block: 12
  • Lot: 5,6
  • Municipality: CHENOA
  • Latitude: 40.7457
  • Longitude: -88.7184

    Address

  • Full Address: 401 Commercial St
  • Address - House Number: 401
  • Address - Street Name: Commercial
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chenoa
  • Carrier Code: C001
  • 4-Digit Zip Code: 1008
  • Zip Code: 61726

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $185,966
  • Tax Rate Code Area: 810

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 108,074
  • High Value: 130,554
  • Low Value: 85,595

    Market Valuation

  • Market Total Value: $75,861
  • Market Land Value: $12,252
  • Market Improvement Value: $63,609

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,287
  • Assessed Land Value: $4,084
  • Assessed Improvements Value: $21,203

    Sales

  • Current Sale Contract Date: May 19, 2017
  • Current Sale Recording Date: May 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-00008978
  • Previous Sale Recording Date: Jun 07, 2010
  • Previous Sale Contract Date: May 27, 2010
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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 Chenoa

Stats & Trends

Median Asking:

$146,250

Sale Price/ft²

$111

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1647 ft²

Average Home Age

111.3 years

Currently For Sale

3 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: Jarrin Blunier, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12315666
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 401 Commercial Street built and last sold?
The property at 401 Commercial Street was built in 1958 and last sold on May 19, 2017 for $69,000.
How much is this home worth?
The estimated value of the home located at 401 Commercial Street is $126,282.
What are some comparable homes to 401 Commercial Street?
There are currently no comparable homes to 401 Commercial Street.
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