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Normal 61761
405 W Raab Road
$190,000
● House - Off Market

405 W Raab Road

Normal, IL 61761
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,950 Ft²
$1,116
Est. Monthly

About This Property

Walk-out ranch offering flexible living space and thoughtful updates throughout. This home features 2 bedrooms and 2 full baths with a bright and functional layout that flows into a spacious kitchen complete with updated appliances. Enjoy outdoor living on the freshly painted deck with pergola overlooking the fenced backyard, ideal for relaxing or entertaining. The walk-out lower level expands your living space with a second family room and ability to add egress window for potential third bedroom, home office, or guest suite. Recent improvements provide added peace of mind, including updated flooring, fresh interior paint, upgraded insulation,  Water heater (2023) and updated HVAC 2025. Additional features include a large storage area, utility room, and a detached shed for extra storage.
Unit Size
1,950 Ft²
Days on Market
-
Land Size
-
Price per sqft
$90
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1963

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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

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • 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: 8
  • Basement Area: 943
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,771
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 610
  • Total Building Area: 1,886
  • Building Area: 943
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 943
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL HILLS
  • Land Acres: 0000000154
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: 1ST ADD TO COLONIAL HILLS SUB LOT 85

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000107

Zoning

  • Zoning: R-1B

Geography

  • District: 30
  • Parcel: 14-21-204-003
  • Lot: 85
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5314
  • Longitude: -88.9918

    Address

  • Full Address: 405 W Raab Rd
  • Address - House Number: 405
  • Street Direction: W
  • Address - Street Name: Raab
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Normal
  • Carrier Code: C060
  • 4-Digit Zip Code: 1006
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $264,478
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 101,779
  • High Value: 148,509
  • Low Value: 55,048

    Market Valuation

  • Market Total Value: $106,326
  • Market Land Value: $21,936
  • Market Improvement Value: $84,390

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,442
  • Assessed Land Value: $7,312
  • Assessed Improvements Value: $28,130

    Sales

  • Current Sale Contract Date: Mar 11, 2017
  • Current Sale Recording Date: Mar 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-00005485
  • Previous Sale Recording Date: Apr 16, 2013
  • Previous Sale Contract Date: Apr 05, 2013
  • Previous Sale Amount: $92,500
  • 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 Normal

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2233 ft²

Average Home Age

41.8 years

Currently For Sale

39 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 1613 Belclare Road, Normal, IL, 61761

$2,700 /mo

  • 2 Beds
  • 3 Baths
  • 2,156 ft²
1613 Belclare Road, Normal, IL, 61761 Listing by Derrick Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Leake, Keller Williams Revolution
Data Source: MRED, MLS# MRD12613212
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 West Raab Road built and last sold?
The property at 405 West Raab Road was built in 1963 and last sold on Mar 11, 2017 for $95,000.
How much is this home worth?
The estimated value of the home located at 405 West Raab Road is $0.
What are some comparable homes to 405 West Raab Road?
There are currently no comparable homes to 405 West Raab Road.
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