$21,000
●
House -
Off Market
449 1st Street
Marseilles, IL 61341
3 Beds
2 Baths,
1
Half Bath
1,368 Ft²
$29,134
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
This is an ideal investment property, ready for a new owner to
remodel and bring back to life. This home is a a 3 bedroom, 1.5
bath home. There is an attached 1.5 car garage. There's a living
room, family room, kitchen, and 1/2 bath on the main level. All 3
bedrooms and the full bath are on the 2nd level. This home
needs lots of TLC. The seller will only accept cash offers.
This home will NOT pass any financing. All persons
viewing the property must sign waiver before entering. Selling this
property 'as is'. Seller will not repair, replace, or credit. No
utilities are on, nor will they be turned on at any time. Be sure
to bring flashlights. Do not enter property without an agent &
appointment.
Unit Size
1,368 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$18
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1890
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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: 2 years ago (MRED MLS #11076503)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 26, 2024 | Listed by My Path Properties, LLC | $155,000 | |
| Listed by My Path Properties, LLC | |||
| | |||
|
This home has been completely remodeled! new roof in 2021, and all other components have been brought up to date since then. updated plumbing, electrical, hvac, siding, and even down to the cosmetics. everything is new but also left with an open concept floor plan that allows the home to be easily customizable to whatever your true vision is. not only was the house completely remodeled but the neighborhood has seen a lot of updates over the last year as well. several other houses on the block have also been updated the road out front has just been resurfaced. Credit for appliances offered at closing.
| |||
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Feb 4, 2024 | Listed by Coldwell Banker Realty | $55,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
This is an ideal investment property, ready for a new owner to remodel and bring to life. The open floor plan on this home has unlimited possibilities to make it your own. Roof new in 2021, new exterior door. Selling this property 'as is'. Seller will not repair, replace, or credit. No utilities are on, nor will they be turned on at any time. Be sure to bring flashlights. Do not enter property without an agent & appointment. The property is over-assessed, meaning the taxes need correcting. These should be protested and corrected. Motivated seller, bring all offers!
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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Sold On
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HOA + Taxes
About Marseilles
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Listed by: Alice Green, Starved Rock Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 11076503
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 11076503
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