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Normal 61761
513 Mckinley Street
$210,000
● House - Off Market

513 Mckinley Street

Normal, IL 61761
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,831 Ft²
$1,412
Est. Monthly
15.39%
Cap Rate

About This Property

Welcome home to this charming cape cod on a quaint street in Normal across from Fairview Park. The main floor features a formal living room, dining room, 2 bedrooms, a full bath, an enclosed side porch, and a spacious kitchen that provides access to the fenced backyard, patio, and oversized one stall garage with a huge a workshop area. Upstairs there are two additional bedrooms, a half bath, and a large loft area with built-ins. The basement has a huge finished room as well as unfinished space for laundry and storage plus an additional toilet and shower that could easily be made into a 3rd bathroom. This home offers so much space. New carpet throughout. All appliances stay.
Unit Size
2,831 Ft²
Days on Market
-
Land Size
-
Price per sqft
$71
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1948

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 326
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,921
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,045
  • Building Area: 1,719
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,719
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALGLEN RE-SUB
  • Land Acres: 0000000159
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: WALGLEN RE-SUB BLK 1,2 (EX LOT 33 & 34) & BLK 3 (EX LOT 1,2,3&30) NORMAL LOT 70

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • District: 30
  • Parcel: 14-21-377-002
  • Block: 1,2,3
  • Lot: 33,34
  • Meridian: SEC 21 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5206
  • Longitude: -88.9947

    Address

  • Full Address: 513 Mckinley St
  • Address - House Number: 513
  • Address - Street Name: Mckinley
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C046
  • 4-Digit Zip Code: 1525
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $451,072
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 154,394
  • High Value: 183,342
  • Low Value: 125,446

    Market Valuation

  • Market Total Value: $168,642
  • Market Land Value: $33,351
  • Market Improvement Value: $135,291

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,214
  • Assessed Land Value: $11,117
  • Assessed Improvements Value: $45,097

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15792
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:

$277,000

Sale Price/ft²

$120

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2052 ft²

Average Home Age

42.7 years

Currently For Sale

44 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

$3,000 /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: Jodi McDermott, RE/MAX Rising
Data Source: MRED, MLS# MRD12363415
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 513 McKinley Street built and last sold?
The property at 513 McKinley Street was built in 1948 and last sold on Aug 26, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 513 McKinley Street is $210,031.
What are some comparable homes to 513 McKinley Street?
There are currently no comparable homes to 513 McKinley Street.
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