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Monticello 61856
401 Constitution Boulevard
$65,000
● Land - Off Market

401 Constitution Boulevard

Monticello, IL 61856
bedrooms
Studio
bathrooms
0 Bath
$355
Est. Monthly

About This Property

Minutes away from amenities and miles away from the hassles of city life, find all you are looking for in Jefferson Grove. Nestled in one of the areas finest communities, Jefferson Grove is one of Monticello's premier subdivisions. One of the few remaining corner lots, this 1/2 acre parcel is ready for you to choose your builder to design and build your dream home. Jefferson Grove is located off of North State street adjacent to the forest preserve park. Executive styled homes all with great curb appeal make this a desirable area. Jefferson Grove is an excellent choice with an ideal location just 1 mile from I-72 making and easy commute to Champaign or Decatur. Drive by and be impressed.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1
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.

Last updated: 2 years ago (MRED MLS #12129639)

Price History

Date / Event Date Event Price
Oct 23, 2024 Sold
Premium
Sold
Sep 28, 2024 In contract -
In contract
Aug 7, 2024 Listed by RE/MAX REALTY ASSOCIATES-MONT $72,000
Listed by RE/MAX REALTY ASSOCIATES-MONT

Property Highlights

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: 20,473
  • 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: V
  • Land Acres: 0000000470
  • Standard Land Use Code: 8001
  • County Land Use Code: 0032
  • Legal Description 1: LOT 202 JEFFERSON GROVE II PL BK 14 PG 45 .47 AC 52 29 202

Neighborhood

  • School District Name: Monticello Community Unit School District 25
  • Census Tract: 954600

Geography

  • District: 05
  • Parcel: 05-00-06-000-202-00
  • Lot: 202
  • Municipality: MONTICELLO TOWNSHIP
  • Latitude: 40.04
  • Longitude: -88.565

    Address

  • Full Address: 401 Constitution Blvd
  • Address - House Number: 401
  • Address - Street Name: Constitution
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Monticello
  • Carrier Code: R005
  • 4-Digit Zip Code: 8458
  • Zip Code: 61856

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,216
  • Tax Rate Code Area: 05033

    Market Valuation

  • Market Total Value: $549
  • Market Land Value: $549

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $183
  • Assessed Land Value: $183

    Sales

  • Current Sale Contract Date: Dec 21, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 26
  • Previous Sale Document Type: 71
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 Monticello

Stats & Trends

Median Asking:

$262,500

Sale Price/ft²

$157

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2620 ft²

Average Home Age

32 years

Currently For Sale

13 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

Unit for rent at 2 Hedgerow Court, Monticello, IL, 61856

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,976 ft²
2 Hedgerow Court, Monticello, IL, 61856 Listing by Natalie Nielsen

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Matthew Foster, RE/MAX REALTY ASSOCIATES-MONT
Last Updated: 2 years ago
Data Source: MRED, MLS# 12129639
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 Constitution Boulevard built and last sold?
The property at 401 Constitution Boulevard was built in and last sold on Dec 21, 2021 for $63,000.
How much is this home worth?
The estimated value of the home located at 401 Constitution Boulevard is $72,720.
What are some comparable homes to 401 Constitution Boulevard?
There are currently no comparable homes to 401 Constitution Boulevard.
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