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Montgomery 60505
509 Sherman Avenue
$205,000
● House - Off Market

509 Sherman Avenue

Aurora, IL 60505
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,436 Ft²
$1,212
Est. Monthly
12.23%
Cap Rate
Unit Size
1,436 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$157
HOA Dues
-
Year Built
1926

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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: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 860
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,750
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,296
  • Gross Building Area: 2,296
  • Building Area: 1,436
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,436
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHLND-MONT-HOWELL-DOUGLAS
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PIERCE & PIRONS ADDN : LOT 12 LOT DIMENSIONS: 50 X 135 APPROX LOT SQ FT 6750 SUBDIVISION: ASHLND-MONT-HOWELL-DOUGLAS RANGE CODE: 001

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 854401

Geography

  • Parcel: 15-34-327-011
  • Lot: 12
  • Municipality: AURORA
  • Latitude: 41.7308
  • Longitude: -88.3126

    Address

  • Full Address: 509 Sherman Ave
  • Address - House Number: 509
  • Address - Street Name: Sherman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Aurora
  • Carrier Code: C082
  • 4-Digit Zip Code: 5637
  • Zip Code: 60505

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $222,672
  • Tax Rate Code Area: AU035

    Appraisal Valuation

  • Standard Deviation: 0.1722
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 77
  • Final Value: 207,115
  • High Value: 242,788
  • Low Value: 171,442

    Market Valuation

  • Market Total Value: $136,852
  • Market Land Value: $20,657
  • Market Improvement Value: $116,194

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,599
  • Assessed Land Value: $6,883
  • Assessed Improvements Value: $38,716

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Montgomery

Stats & Trends

Median Asking:

$392,450

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1944 ft²

Average Home Age

23.2 years

Currently For Sale

40 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 979 Symphony Drive, Aurora, IL, 60504

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,736 ft²
979 Symphony Drive, Aurora, IL, 60504 Listing by Sarah Leonard
Unit for rent at 532 Heritage Drive, Oswego, IL, 60543

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,350 ft²
532 Heritage Drive, Oswego, IL, 60543 Listing by Abhijit Leekha

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tyler Andersen, iHome Real Estate
Data Source: MRED, MLS# MRD12403014
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 509 Sherman Avenue built and last sold?
The property at 509 Sherman Avenue was built in 1926 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 509 Sherman Avenue is $222,872.
What are some comparable homes to 509 Sherman Avenue?
There are currently no comparable homes to 509 Sherman Avenue.
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