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Normal 61761
504 Normal Avenue
$191,000
● House - Off Market

504 Normal Avenue

Normal, IL 61761
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,278 Ft²
$1,180
Est. Monthly
12.85%
Cap Rate
Unit Size
1,278 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$144
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1933

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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

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 388
  • Garage Type: 7
  • Garage Square Area: 187
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,650
  • Lot Size Depth Feet: 2,130
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,666
  • Building Area: 1,278
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,278
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAPEN & COS SUB
  • Land Acres: 0000000245
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: CAPEN & COS SUB S50 N100 LOT 22

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000107

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-28-203-012
  • Lot: 22
  • Meridian: SEC 28 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5156
  • Longitude: -88.9912

    Address

  • Full Address: 504 Normal Ave
  • Address - House Number: 504
  • Address - Street Name: Normal
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Normal
  • Carrier Code: C062
  • 4-Digit Zip Code: 2413
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $328,114
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.2701
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 61
  • Final Value: 178,995
  • High Value: 227,350
  • Low Value: 130,640

    Market Valuation

  • Market Total Value: $127,578
  • Market Land Value: $29,898
  • Market Improvement Value: $97,680

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,526
  • Assessed Land Value: $9,966
  • Assessed Improvements Value: $32,560

    Sales

  • Current Sale Contract Date: Jul 15, 2019
  • Current Sale Recording Date: Jul 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-00011258

    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 Normal

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2149 ft²

Average Home Age

40.7 years

Currently For Sale

42 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 1613 Belclare Road, Normal, IL, 61761

$2,700 /mo

  • 2 Beds
  • 3 Baths
  • 2,156 ft²
1613 Belclare Road, Normal, IL, 61761 Listing by Derrick Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cindy Eckols, RE/MAX Choice
Data Source: MRED, MLS# MRD12359249
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 Normal Avenue built and last sold?
The property at 504 Normal Avenue was built in 1933 and last sold on Jul 15, 2019 for $122,000.
How much is this home worth?
The estimated value of the home located at 504 Normal Avenue is $184,795.
What are some comparable homes to 504 Normal Avenue?
There are currently no comparable homes to 504 Normal Avenue.
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