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Downs 61736
504 Harvey Road
$356,000
● House - Off Market

504 Harvey Road

Downs, IL 61736
bedrooms
3 Beds
bathrooms
3 Baths
square feet
4,032 Ft²
$2,215
Est. Monthly

About This Property

Beautiful country home in Indian Hills Subdivision. Wheel Chair accessible. 3 bedrooms, 2 full baths. Spacious living room with fireplace, kitchen and dining area with patio off dining room. Main floor laundry. Basement is huge with finished family room and side pool table room for entertaining. Second room in lower level has a closet but no egress window and full bath. Newer carpet in most of the home 2026. Fresh paint in 2026. Roof replaced 2020. Nice large yard.
Unit Size
4,032 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$84
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1996

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,080
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN HILLS
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 11 INDIAN HILLS SUB 1ST ADD PT SE 33-23-3E

Neighborhood

  • School District Name: Tri-Valley Community Unit School District 3
  • Census Tract: 005401

Geography

  • District: 24
  • Parcel: 22-33-454-008
  • Lot: 11
  • Meridian: SEC 33 TWN 23N RNG 03E
  • Municipality: OLD TOWN
  • Latitude: 40.4004
  • Longitude: -88.868

    Address

  • Full Address: 504 Harvey Rd
  • Address - House Number: 504
  • Address - Street Name: Harvey
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Downs
  • Carrier Code: R004
  • 4-Digit Zip Code: 7623
  • Zip Code: 61736

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $530,532
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2401

    Appraisal Valuation

  • Standard Deviation: 0.21
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 359,055
  • High Value: 434,461
  • Low Value: 283,650

    Market Valuation

  • Market Total Value: $218,280
  • Market Land Value: $35,451
  • Market Improvement Value: $182,829

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,760
  • Assessed Land Value: $11,817
  • Assessed Improvements Value: $60,943
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 Downs

Stats & Trends

Median Asking:

$289,500

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

41

Average Home Size

2599 ft²

Average Home Age

82 years

Currently For Sale

2 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

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MRED

Listed by: Michael Bergelin, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12540860
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 504 Harvey Road built and last sold?
The property at 504 Harvey Road was built in 1996 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 504 Harvey Road is $350,506.
What are some comparable homes to 504 Harvey Road?
There are currently no comparable homes to 504 Harvey Road.
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