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Paw Paw 61353
511 Chicago Road
$105,000
● House - Off Market

511 Chicago Road

PAW PAW, IL 61353
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$189,331
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Hard to find brick ranch located right in the heart of Paw Paw. Walking distance to dining and nearby stores. The welcoming paver porch greets you as you enter the home. You will love this cozy floor plan, with sunroom off dining room. What a great place to relax with a good book! Spacious kitchen and dining room, great for entertaining. Full finished basement with huge rec room! Plenty of storage area. Enjoy the first floor laundry with a full bath nearby. Private backyard with mature trees and landscaping and secluded patio. 2 car garage. This beautiful home is ready for its new owner. Just move in and enjoy!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$74
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1972

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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
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,264
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,200
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 1,600
  • Total Building Area: 1,490
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,490
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: F E ROGERS ADDITION
  • Land Acres: 0000000624
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SECT/LOT:15 TWP:37RNG/BLK:002 F.E. ROGERS ADD LT 1 BLK 3 LT 1 OF SUB OF LT 6 ASSESSORS PLAT OF SEC 10 11 BK 283-424 BK

Neighborhood

  • School District Name: Lee Center Community Unit School District 271
  • Census Tract: 000900

Geography

  • Account Number: 148340
  • District: 22
  • Section: 10
  • Parcel: 22-18-10-451-008
  • Block: 2-3
  • Lot: 1,6
  • Meridian: SEC 15 TWN 37 RNG 02
  • Municipality: WYOMING
  • Latitude: 41.6892
  • Longitude: -88.9862

    Address

  • Full Address: 511 Chicago Rd
  • Address - House Number: 511
  • Address - Street Name: Chicago
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Paw Paw
  • Carrier Code: R001
  • 4-Digit Zip Code: 9509
  • Zip Code: 61353

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $476,248
  • Tax Rate Code Area: 22001

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 65
  • Final Value: 213,830
  • High Value: 266,591
  • Low Value: 161,070

    Market Valuation

  • Market Total Value: $156,810
  • Market Land Value: $20,340
  • Market Improvement Value: $136,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,270
  • Assessed Land Value: $6,780
  • Assessed Improvements Value: $45,490

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2018
  • Current Sale Recording Date: Oct 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201804227
  • Previous Sale Recording Date: Dec 05, 2005
  • Previous Sale Contract Date: Dec 02, 2005
  • Previous Sale Amount: $174,000
  • Previous Sale Document Type: 71

    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 Paw Paw

Stats & Trends

Median Asking:

$229,500

Sale Price/ft²

$163

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2143 ft²

Average Home Age

96.3 years

Currently For Sale

5 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: Kelly Schmidt, Baird & Warner Fox Valley - Geneva
Data Source: MRED, MLS# MRD10058825
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 511 Chicago Road built and last sold?
The property at 511 Chicago Road was built in 1972 and last sold on Oct 15, 2018 for $105,000.
How much is this home worth?
The estimated value of the home located at 511 Chicago Road is $0.
What are some comparable homes to 511 Chicago Road?
There are currently no comparable homes to 511 Chicago Road.
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