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Marseilles 61341
522 Illinois Street
$21,000
● Land - Off Market

522 Illinois Street

Marseilles, IL 61341
bedrooms
Studio
bathrooms
0 Bath
$178
Est. Monthly
41.76%
Cap Rate

About This Property

Double lot on Illinois St.  18X24 Morton Building with plenty of windows, concrete floor and drain.  City water and sewer.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$55
HOA Dues
-
Year Built
2013

Payment Calculator

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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.

Last updated: 3 years ago (MRED MLS #12072482)

Price History

Date / Event Date Event Price
Jul 31, 2024 Sold
Premium
Sold
Jul 11, 2024 In contract -
In contract
Jul 1, 2024 Listed by Coldwell Banker Real Estate Group $25,000
Listed by Coldwell Banker Real Estate Group
Nov 2, 2019 No longer available -
No longer available
Aug 8, 2019 Listed $35,000
Listed
Double lot on Illinois St. 18X24 Morton Building with plenty of windows, concrete floor and drain. City water and sewer.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • 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: 10,019
  • Total Building Area: 396
  • Gross Building Area: 396
  • Building Area: 396
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARSEILLES (ORIGINAL TOWN)
  • Land Acres: 0000000230
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: TOWN OF MARSEILLES, LTS 12 & 13 BLK 23 SEC 18-33-5

Neighborhood

  • School District Name: Marseilles Elementary School District 150
  • Census Tract: 963700

Geography

  • District: MA
  • Parcel: 24-18-335-020
  • Block: 23
  • Lot: 12-13
  • Meridian: SEC 18 TWN 33 RNG 05
  • Municipality: MANLIUS TOWNSHIP
  • Latitude: 41.325
  • Longitude: -88.7019

    Address

  • Full Address: 522 Illinois St
  • Address - House Number: 522
  • Address - Street Name: Illinois
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marseilles
  • Carrier Code: C002
  • 4-Digit Zip Code: 1932
  • Zip Code: 61341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $78,488
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: MA005

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 33,898
  • High Value: 43,077
  • Low Value: 24,719

    Market Valuation

  • Market Total Value: $22,116
  • Market Land Value: $18,267
  • Market Improvement Value: $3,849

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,372
  • Assessed Land Value: $6,089
  • Assessed Improvements Value: $1,283

    Sales

  • Current Sale Contract Date: Nov 19, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 2020-18301
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 Marseilles

Stats & Trends

Median Asking:

$169,900

Sale Price/ft²

$132

Below Asking

0.01%

Average Days on Market

49

Average Home Size

30548 ft²

Average Home Age

86.1 years

Currently For Sale

13 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 764 Colorado Street, Marseilles, IL, 61341

$780 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
764 Colorado Street #1, Marseilles, IL, 61341 Listing by Chris Czarnowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12072482
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 522 Illinois Street built and last sold?
The property at 522 Illinois Street was built in 2013 and last sold on Nov 19, 2020 for $22,500.
How much is this home worth?
The estimated value of the home located at 522 Illinois Street is $0.
What are some comparable homes to 522 Illinois Street?
There are currently no comparable homes to 522 Illinois Street.
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