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Champaign 61822
5101 Emmas Way
Photo of 5101 Emmas Way

3

Map

Photo of 5101 Emmas Way
Photo of 5101 Emmas Way
$85,000
● Land - For Sale

5101 Emmas Way

Champaign, IL 61822
bedrooms
Studio
bathrooms
0 Bath
$556
Est. Monthly

About This Property

Build the home you've been dreaming of in a desirable Champaign neighborhood! This spacious vacant lot offers the perfect opportunity to create a home tailored to your style, needs, and vision. Located in a popular residential area, the lot provides a wonderful setting for your future home while keeping you close to everyday conveniences. Bring your plans, bring your ideas, and start building the home you've always wanted at 5101 Emmas Way!
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
$139
HOA Dues
-
Year Built
-

Listed By

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Cap Rate Calculator

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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.

Property Highlights

Exterior Details
Lot Size Area: 7840.8
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7840.8
Lot Size Dimensions: 65X324X65X120
Financial Details
Tax Annual Amount: $1,662
Utilities Details
Sewer : Septic Tank

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
  • 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: 7,841
  • 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: V
  • Subdivision: OUTLOT 329 WILLS TRACE SUB PHASE 3
  • Land Acres: 0000000180
  • Standard Land Use Code: 8000
  • County Land Use Code: 0030
  • Legal Description 1: LOT 324 WILLS TRACE SUB PHASE 3

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001205

Geography

  • District: 03
  • Parcel: 03-20-20-305-008
  • Lot: 324
  • Meridian: SEC 20 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0908
  • Longitude: -88.3311

    Address

  • Full Address: 5101 Emmas Way
  • Address - House Number: 5101
  • Address - Street Name: Emmas
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Champaign
  • Carrier Code: R015
  • 4-Digit Zip Code: 3736
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $139,676
  • Tax Rate Code Area: 341

    Market Valuation

  • Market Total Value: $44,940
  • Market Land Value: $44,940

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,980
  • Assessed Land Value: $14,980

    Sales

  • Current Sale Contract Date: Aug 27, 2013
  • Current Sale Recording Date: Sep 17, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013R22592
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 Champaign

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$162

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1973 ft²

Average Home Age

42.6 years

Currently For Sale

179 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

Rentals Near You

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MRED

Listed by: Steve Littlefield, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12765087
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 5101 Emmas Way built and last sold?
The property at 5101 Emmas Way was built in and last sold on Aug 27, 2013 for $45,000.
How much is this home worth?
The estimated value of the home located at 5101 Emmas Way is $85,850.
What are some comparable homes to 5101 Emmas Way?
There are currently no comparable homes to 5101 Emmas Way.
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