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Lincoln 62656
431 9TH Street
$120,000
● House - Off Market

431 9TH Street

Lincoln, IL 62656
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$792
Est. Monthly

About This Property

This cozy, move-in-ready 2-bedroom bungalow sits on a spacious 80x185 fully fenced lot and blends classic charm with modern updates throughout. Renovated in 2024, inside you'll find fresh paint, all-new flooring, a fully remodeled eat-in kitchen with newer appliances, updated bath, bright living room, and two comfortable bedrooms. The open basement offers laundry and excellent storage or future finishing potential. Outside features include a poured concrete patio, gravel driveway, low-maintenance vinyl siding, metal roof, vinyl windows, and an impressive 18x24 fully insulated and heated garage with newer opener and separate electrical panel. Conveniently located near parks, schools, the fairgrounds, and Lincoln Memorial Hospital - this one is sharp, updated, and ready to go.
Unit Size
768 Ft²
Days on Market
-
Land Size
-
Price per sqft
$156
Property Type
House
Property Taxes
$203
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.

Property Highlights

Garage
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
  • 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: 14,810
  • 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: KOEHNLES ADD
  • Land Acres: 0000000340
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 12-1733 LOTS 8, 9 BLOCK 6 KOEHNLES ADDN TO LINCOLN

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953400

Geography

  • District: 12
  • Parcel: 12-386-009-00
  • Block: 6
  • Lot: 8,9
  • Municipality: WEST LINCOLN
  • Latitude: 40.1515
  • Longitude: -89.3762

    Address

  • Full Address: 431 9th St
  • Address - House Number: 431
  • Address - Street Name: 9th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C003
  • 4-Digit Zip Code: 1908
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $167,572
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 18
  • Final Value: 187,406
  • High Value: 263,306
  • Low Value: 111,505

    Market Valuation

  • Market Total Value: $69,690
  • Market Land Value: $24,930
  • Market Improvement Value: $44,760

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,230
  • Assessed Land Value: $8,310
  • Assessed Improvements Value: $14,920

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 24, 2024
  • Current Sale Recording Date: Jan 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024000322
  • Previous Sale Recording Date: Dec 08, 2023
  • Previous Sale Contract Date: Dec 08, 2023
  • Previous Sale Amount: $51,000
  • Previous Sale Document Type: 4

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Type:
    Premium
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 Lincoln

Stats & Trends

Median Asking:

$117,500

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1696 ft²

Average Home Age

128 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: Jared Litwiller, Freedom Realty
Data Source: MRED, MLS# MRD12567589
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 431 9th Street built and last sold?
The property at 431 9th Street was built in and last sold on Jan 24, 2024 for $95,000.
How much is this home worth?
The estimated value of the home located at 431 9th Street is $0.
What are some comparable homes to 431 9th Street?
There are currently no comparable homes to 431 9th Street.
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