$275,000
●
House -
Off Market
512 8th Avenue
Marengo, IL 60152
3 Beds
3 Baths
1,400 Ft²
$273,599
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Beautiful 3 Bed 3 Bath Ranch Home was extensively refurbished 4.5
years ago including New Roof/Siding/Windows/Doors/Garage Door/New
Maple Hardwood Flooring throughout Main Level plus entire interior
Professionally Repainted in Neutral Colors. Split Bedroom
arrangement with Walk In Closets in Master and one of the secondary
Bedrooms. Main Floor Laundry. Attached 2 Car Garage with
Opener. Basement has a huge finished Family Room, just add
your choice of flooring currently epoxy painted concrete. Huge 3rd
Bath in Basement with Large Soaking Tub. Escape Window,
plenty of room for a 4th Bedroom! High Efficiency Furnace/AC,
on demand Water Heater and Kinetico Softener with RO filtered water
to Refrigerator and Tap at Sink. Nice Mature Trees and backs to
open area, must see! Won't last long!! Agent related to
seller.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$193
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
-
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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.
Last updated: 3 years ago (MRED MLS #11325117)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | Listed by Century 21 ABC Schiro | $304,900 | |
| Listed by Century 21 ABC Schiro | |||
| | |||
|
Beautiful 3 Bedroom 3 full bath Ranch with full basement. Previously rehabbed about 5-6 years ago including new Roof, siding windows, doors, garage door and new maple hardwood flooring throughout main level. Master Bedroom on one side of the house that has full bath and walk in closet. Second and third bedroom on other side of home. Second bedroom has walk in closet as well. First floor laundry. Basement is semi-finished with epoxy painted walls and huge 3rd bathroom with large soaking tub, just waiting for you to add your choice of flooring. Recently had new Microwave and stove installed and new Beautiful kitchen island along with very nice deck, fencing and new shed. High efficiency Furnace/AC, on demand water heater and Kinetico water Softener.
| |||
| Apr 15, 2022 | Sold | ||
| Sold | |||
| Feb 15, 2022 | Listed by RE/MAX Connections II | $269,900 | |
| Listed by RE/MAX Connections II | |||
Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Deerpass
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Listed by: James Bohlander, RE/MAX Connections II
Last Updated: 3 years ago
Data Source: MRED, MLS# 11325117
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11325117
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