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Toluca 61369
408 N Olive Street
$78,000
● House - Off Market

408 N Olive Street

Toluca, IL 61369
bedrooms
3 Beds
bathrooms
1 Bath
square feet
725 Ft²
$557
Est. Monthly
34.79%
Cap Rate

About This Property

Charming and newly renovated, this 3-bedroom home sits in the heart of Toluca. Relax in the evenings on the welcoming front porch and soak in the charm of small-town living. Recent updates include fresh paint throughout, new flooring in every room except the kitchen, and a brand-new water heater installed in August 2025. The spacious yard adds the perfect touch for outdoor enjoyment.
Unit Size
725 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1900

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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

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 897
  • Gross Building Area: 897
  • Building Area: 897
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 897
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANTA FE 1ST ADD
  • Land Acres: 0000000161
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 8 & 9 BLK 45 SANTA FE 1ST ADD. LOT SIZE: 50 X 140

Neighborhood

  • School District Name: Fieldcrest Community Unit School District 6
  • Census Tract: 961500

Geography

  • Parcel: 14-05-406-003
  • Block: 45
  • Lot: 8,9
  • Municipality: BENNINGTON
  • Latitude: 41.0053
  • Longitude: -89.1323

    Address

  • Full Address: 408 N Olive St
  • Address - House Number: 408
  • Street Direction: N
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: IL
  • City Name: Toluca
  • Carrier Code: R001
  • 4-Digit Zip Code: 9786
  • Zip Code: 61369

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $111,814
  • Tax Rate Code Area: BN001

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 69
  • Final Value: 81,856
  • High Value: 100,166
  • Low Value: 63,545

    Market Valuation

  • Market Total Value: $50,721
  • Market Land Value: $6,579
  • Market Improvement Value: $44,142

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,907
  • Assessed Land Value: $2,193
  • Assessed Improvements Value: $14,714

    Exemptions

  • Homeowner Exemption: Yes
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 Toluca

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$122

Below Asking

0.01%

Average Days on Market

74

Average Home Size

1541 ft²

Average Home Age

101 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: Donna Bayler, Local Realty Group, Inc.
Data Source: MRED, MLS# MRD12482394
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 408 North Olive Street built and last sold?
The property at 408 North Olive Street was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 408 North Olive Street is $0.
What are some comparable homes to 408 North Olive Street?
There are currently no comparable homes to 408 North Olive Street.
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