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DeKalb 60115
501 Spring Avenue
$205,000
● House - Off Market

501 Spring Avenue

DeKalb, IL 60115
bedrooms
3 Beds
bathrooms
1 Bath
square feet
925 Ft²
$1,353
Est. Monthly
13.37%
Cap Rate

About This Property

Welcome to 501 Spring Ave in DeKalb! This charming ranch offers easy one-level living with 3 bedrooms, 1 full bath, and a bright living room with hardwood floors and large windows that fill the space with natural light. The eat-in kitchen includes table space, ample cabinetry, and convenient access to the laundry room with utility sink. A very new furnace, central air, newer roof, and updated 100-amp electrical service provide peace of mind. Recent updates include a washer and dryer (2024), bathroom vanity (2024), and wooden privacy fence (2025). Outside, enjoy a fenced backyard, inviting front yard, and garden bed ready for spring.
Unit Size
925 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$222
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
-

Payment Calculator

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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

  • 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: 7,751
  • Lot Size Depth Feet: 1,409
  • Lot Size Frontage Feet: 550
  • 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: 0000000178
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 - COLONIAL SUBDIVISION

Neighborhood

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

Geography

  • Account Number: 0826301009
  • District: DK
  • Parcel: 08-26-301-009
  • Lot: 8
  • Municipality: DEKALB
  • Latitude: 41.9143
  • Longitude: -88.7516

    Address

  • Full Address: 501 Spring Ave
  • Address - House Number: 501
  • Address - Street Name: Spring
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Dekalb
  • Carrier Code: C009
  • 4-Digit Zip Code: 4761
  • Zip Code: 60115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,290
  • Tax Rate Code Area: DK12

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 169,644
  • High Value: 202,276
  • Low Value: 137,011

    Market Valuation

  • Market Total Value: $132,105
  • Market Land Value: $23,070
  • Market Improvement Value: $109,035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,035
  • Assessed Land Value: $7,690
  • Assessed Improvements Value: $36,345

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Oct 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7050
  • Previous Sale Recording Date: Jul 28, 2022
  • Previous Sale Contract Date: Jul 25, 2022
  • Previous Sale Amount: $138,500
  • Previous Sale Document Type: 71
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:

$255,000

Sale Price/ft²

$170

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1760 ft²

Average Home Age

43.3 years

Currently For Sale

36 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

Unit for rent at 1264 Bellevue Drive, DeKalb, IL, 60115

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,275 ft²
1264 Bellevue Drive #1264, DeKalb, IL, 60115 Listing by Rorry Skora

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jeff Ristine, Keller Williams Infinity
Data Source: MRED, MLS# MRD12460087
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 501 Spring Avenue built and last sold?
The property at 501 Spring Avenue was built in and last sold on Sep 27, 2023 for $172,000.
How much is this home worth?
The estimated value of the home located at 501 Spring Avenue is $205,652.
What are some comparable homes to 501 Spring Avenue?
There are currently no comparable homes to 501 Spring Avenue.
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