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DeKalb 60115
411 Spring Avenue
$125,000
● House - Off Market

411 Spring Avenue

DeKalb, IL 60115
bedrooms
3 Beds
bathrooms
1 Bath
square feet
925 Ft²
$119,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

MULTIPLE OFFERS Received! Final best offer due by 12pm, Friday, October 27th, 2023. Investment Alert! 3 Bedrooms/1 Bath, Fenced Yard, w shed and dog run. This home is being sold as-is, and it could use some improvements. It's a great opportunity for someone who's willing to invest in renovations and turn it into their dream home! Outdoor features include a shed, dog run and fence. Home being sold "AS-IS", all fixtures and personal property "AS-IS". The seller doesn't warrant any personal property or fixtures. NO survey, 100% Tax Proration.
Unit Size
925 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
$253
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: 3 years ago (MRED MLS #11915969)

Price History

Date / Event Date Event Price
Nov 21, 2023 Sold
Premium
Sold
Oct 24, 2023 Listed by American Realty Illinois LLC $119,000
Listed by American Realty Illinois LLC

Property Highlights

Air Conditioning

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
  • Living Units: 1
  • 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: 7,285
  • 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: R
  • Subdivision: COLONIAL SUBDIVISION
  • Land Acres: 0000000167
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 - COLONIAL SUBDIVISION

Neighborhood

  • School District Name: DeKalb Community Unit School District 428
  • Census Tract: 001500

Geography

  • Account Number: 0826301003
  • District: DK
  • Parcel: 08-26-301-003
  • Lot: 2
  • Municipality: DEKALB
  • Latitude: 41.9143
  • Longitude: -88.7528

    Address

  • Full Address: 411 Spring Ave
  • Address - House Number: 411
  • Address - Street Name: Spring
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Dekalb
  • Carrier Code: C009
  • 4-Digit Zip Code: 4759
  • Zip Code: 60115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $303,950
  • Tax Rate Code Area: DK12

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 137,129
  • High Value: 163,507
  • Low Value: 110,751

    Market Valuation

  • Market Total Value: $109,722
  • Market Land Value: $23,070
  • Market Improvement Value: $86,652

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,574
  • Assessed Land Value: $7,690
  • Assessed Improvements Value: $28,884

    Sales

  • Current Sale Contract Date: Nov 21, 2023
  • Current Sale Recording Date: Nov 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 28
  • Current Sale Input Document Number: 8316
  • Previous Sale Recording Date: May 18, 2022
  • Previous Sale Contract Date: May 04, 2022
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 33
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 DeKalb

Stats & Trends

Median Asking:

$262,250

Sale Price/ft²

$170

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1657 ft²

Average Home Age

40.7 years

Currently For Sale

42 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: Alison Rosenow, American Realty Illinois LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11915969
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 411 Spring Avenue built and last sold?
The property at 411 Spring Avenue was built in and last sold on Nov 21, 2023 for $125,000.
How much is this home worth?
The estimated value of the home located at 411 Spring Avenue is $0.
What are some comparable homes to 411 Spring Avenue?
There are currently no comparable homes to 411 Spring Avenue.
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