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Chenoa 61726
525 N Third Avenue
$71,000
● House - Off Market

525 N Third Avenue

Chenoa, IL 61726
bedrooms
2 Beds
bathrooms
1 Bath
square feet
692 Ft²
$460
Est. Monthly
37.57%
Cap Rate

About This Property

Perfect investment property! 2 bed/1 bath home for anyone looking to invest, buy a first home or downsize. Large backyard, freshly painted exterior. The home is currently rented month-to-month.
Unit Size
692 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
1879

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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.

Last updated: 2 years ago (MRED MLS #12163743)

Price History

Date / Event Date Event Price
Dec 19, 2024 Sold
Premium
Sold
Nov 9, 2024 In contract -
In contract
Oct 9, 2024 Price Decreased $69,900
↓ $7K (9.1%)
Price Decreased
Sep 13, 2024 Listed by Keller Williams Revolution $76,900
Listed by Keller Williams Revolution

Property Highlights

Building Info

Overview

    General

  • Year Built: 1879
  • Effective Year Built: 1879
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 7,840
  • Total Building Area: 692
  • Gross Building Area: 692
  • Building Area: 692
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCMAHAN & CO ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: MCMAHAN & CO ADD TO CHENOA LOT 3 BLK 2

Neighborhood

  • School District Name: Prairie Central Community Unit School District 8
  • Census Tract: 005700

Geography

  • District: 8
  • Parcel: 03-01-155-013
  • Block: 2
  • Lot: 3
  • Municipality: CHENOA
  • Latitude: 40.7511
  • Longitude: -88.7152

    Address

  • Full Address: 525 N 3rd Ave
  • Address - House Number: 525
  • Street Direction: N
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chenoa
  • Carrier Code: R001
  • 4-Digit Zip Code: 1501
  • Zip Code: 61726

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $74,804
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 810

    Appraisal Valuation

  • Standard Deviation: 0.4855
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 2
  • Final Value: 199,243
  • High Value: 295,976
  • Low Value: 102,509

    Market Valuation

  • Market Total Value: $41,274
  • Market Land Value: $9,114
  • Market Improvement Value: $32,160

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $13,758
  • Assessed Land Value: $3,038
  • Assessed Improvements Value: $10,720

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15028
  • Previous Sale Recording Date: Apr 17, 2017
  • Previous Sale Contract Date: Apr 05, 2017
  • Previous Sale Amount: $6,100
  • Previous Sale Document Type: 71
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 Chenoa

Stats & Trends

Median Asking:

$146,200

Sale Price/ft²

$111

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1344 ft²

Average Home Age

89 years

Currently For Sale

2 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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Justin Feese, Keller Williams Revolution
Last Updated: 2 years ago
Data Source: MRED, MLS# 12163743
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 525 North 3rd Avenue built and last sold?
The property at 525 North 3rd Avenue was built in 1879 and last sold on Jul 29, 2022 for $20,000.
How much is this home worth?
The estimated value of the home located at 525 North 3rd Avenue is $0.
What are some comparable homes to 525 North 3rd Avenue?
There are currently no comparable homes to 525 North 3rd Avenue.
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