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Machesney Park 61115
415 PERSHING Avenue
$110,500
● House - Off Market

415 PERSHING Avenue

Machesney Park, IL 61115
bedrooms
2 Beds
bathrooms
1 Bath
square feet
575 Ft²
$662
Est. Monthly

About This Property

Adorable 2 bedroom home in Machesney Park! Home features two bedrooms and one bathroom. Deck on the front side makes a great place to relax. 1.5 car detached garage is insulated. Convenient location near shopping and dining. Roof 2022. Water heater 2023.
Unit Size
575 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$174
Property Type
House
Property Taxes
$170
HOA Dues
-
Year Built
1956

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,835
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 512
  • Gross Building Area: 512
  • Building Area: 512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LIBERTY PARK SUB
  • Land Acres: 0000000157
  • Standard Land Use Code: 1001
  • County Land Use Code: 31
  • Legal Description 1: LIBERTY PARK SUB PT SW 1/4 SEC 30-45-2LOT 007 BLOCK 014

Neighborhood

  • School District Name: Harlem Unit School District 122
  • Census Tract: 000101

Geography

  • Account Number: 138C363
  • Parcel: 08-30-306-004
  • Block: 014
  • Lot: 7
  • Meridian: SEC 30 TWN 45 RANGE 2
  • Municipality: HARLEM
  • Latitude: 42.3463
  • Longitude: -89.0556

    Address

  • Full Address: 415 Pershing Ave
  • Address - House Number: 415
  • Address - Street Name: Pershing
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Machesney Park
  • Carrier Code: C031
  • 4-Digit Zip Code: 2440
  • Zip Code: 61115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $138,964
  • Tax Rate Code Area: 144

    Appraisal Valuation

  • Standard Deviation: 0.2644
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 84,991
  • High Value: 107,466
  • Low Value: 62,516

    Market Valuation

  • Market Total Value: $62,343
  • Market Land Value: $8,910
  • Market Improvement Value: $53,433

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,781
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $17,811

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 17, 2016
  • Current Sale Recording Date: Oct 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36

    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 Machesney Park

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

38

Average Home Size

1759 ft²

Average Home Age

52 years

Currently For Sale

22 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: Lynsey Faraher, Dickerson & Nieman Realtors - Rockford
Data Source: MRED, MLS# MRD12616015
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 415 Pershing Avenue built and last sold?
The property at 415 Pershing Avenue was built in 1956 and last sold on Oct 17, 2016 for $46,000.
How much is this home worth?
The estimated value of the home located at 415 Pershing Avenue is $100,212.
What are some comparable homes to 415 Pershing Avenue?
There are currently no comparable homes to 415 Pershing Avenue.
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