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Manhattan 60442
405 S EASTERN Avenue
$247,000
● House - Off Market

405 S EASTERN Avenue

MANHATTAN, IL 60442
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,960 Ft²
$407,455
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Beautifully updated 3 bedroom 2 story with 2nd floor office (optional 4th bedroom)on corner lot in the heart of Manhattan. Enclosed porch leads to large 27x12 living room. Beautifully refinished hardwood floors and original woodwork throughout the house. Formal dining room with original built-in china cabinet and large windows. Totally updated kitchen features brand new refrigerator, 1 year old dish washer, white cabinets, granite countertops, built in pantry and custom coat rack. New 1st floor powder room. 2nd floor features 3 large bedrooms and office with totally remodeled bath. Fenced in back yard with back porch, deck and 3 car detached garage. Full basement with rough in for plumbing for full bath, ready to finish for your family. Roof and AC are 5 years old.
Unit Size
1,960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$128
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1919

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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.

Last updated: 3 years ago (MRED MLS #09268435)

Price History

Date / Event Date Event Price
Apr 21, 2017 Sold
Premium
Sold
Jun 24, 2016 Listed by Coldwell Banker The Real Estate Group $249,900
Listed by Coldwell Banker The Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 784
  • Garage Type: 4
  • Garage Square Area: 828
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,744
  • Building Area: 2,744
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,744
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEITMANS ADDITION
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 IN HEITMANS ADDN TO MANHATTAN, A SUB OF PRT OF THE E1/2 NE1/4 SEC 20, T34N-R11E.

Neighborhood

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

Geography

  • Parcel: 14-12-20-222-006
  • Lot: 16
  • Meridian: SEC 20 TWN 34N RNG 11E
  • Municipality: MANHATTAN
  • Latitude: 41.4211
  • Longitude: -87.9824

    Address

  • Full Address: 405 S Eastern Ave
  • Address - House Number: 405
  • Street Direction: S
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Manhattan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9854
  • Zip Code: 60442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $892,158
  • Tax Rate Code Area: 1401

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 346,045
  • High Value: 396,991
  • Low Value: 295,099

    Market Valuation

  • Market Total Value: $278,550
  • Market Land Value: $43,500
  • Market Improvement Value: $235,050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,850
  • Assessed Land Value: $14,500
  • Assessed Improvements Value: $78,350

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 2017
  • Current Sale Recording Date: Apr 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017032450
  • Previous Sale Recording Date: Oct 06, 2004
  • Previous Sale Contract Date: Oct 05, 2004
  • Previous Sale Amount: $224,500
  • Previous Sale Document Type: 71

    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:

$425,000

Sale Price/ft²

$189

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2001 ft²

Average Home Age

23.9 years

Currently For Sale

33 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: , Coldwell Banker The Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09268435
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 405 South Eastern Avenue built and last sold?
The property at 405 South Eastern Avenue was built in 1919 and last sold on Apr 21, 2017 for $247,000.
How much is this home worth?
The estimated value of the home located at 405 South Eastern Avenue is $257,842.
What are some comparable homes to 405 South Eastern Avenue?
There are currently no comparable homes to 405 South Eastern Avenue.
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