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Marseilles 61341
532 1st Street
$115,500
● House - Off Market

532 1st Street

Marseilles, IL 61341
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,780 Ft²
$1,165
Est. Monthly

About This Property

3 Bedroom, 1.1 bath 2 Story Home near downtown Marseilles. Features include: Two 2-car Garages, Above Ground Pool, Fenced Yard, Large Front Porch,  Hardwood Flooring in Kitchen, Dining Room, Family Room and Master Bedroom. Main Floor Master Bedroom has an attached Nursery/Sitting Room.  *This property has been placed in an upcoming event (see Agent comments for details).  *To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.
Unit Size
1,780 Ft²
Days on Market
-
Land Size
-
Price per sqft
$86
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1875

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1875
  • 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: 6,534
  • Total Building Area: 1,610
  • Gross Building Area: 1,610
  • Building Area: 1,610
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLARKS MRS L A ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: MRS L.A. CLARKS ADD TO MARSEILLES S1/2 N1/2 L1 B9

Neighborhood

  • School District Name: Marseilles Elementary School District 150
  • Census Tract: 962500

Geography

  • District: RU
  • Parcel: 15-49-400-009
  • Municipality: RUTLAND TOWNSHIP
  • Latitude: 41.3317
  • Longitude: -88.7126

    Address

  • Full Address: 532 1st St
  • Address - House Number: 532
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Marseilles
  • Carrier Code: C001
  • 4-Digit Zip Code: 1437
  • Zip Code: 61341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $446,624
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: RU009

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 146,223
  • High Value: 166,131
  • Low Value: 126,314

    Market Valuation

  • Market Total Value: $143,694
  • Market Land Value: $15,060
  • Market Improvement Value: $128,634

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,898
  • Assessed Land Value: $5,020
  • Assessed Improvements Value: $42,878
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:

$165,000

Sale Price/ft²

$129

Below Asking

0.02%

Average Days on Market

49

Average Home Size

39241 ft²

Average Home Age

91.6 years

Currently For Sale

10 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

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MRED

Listed by: James Conway, Regional Realty Group
Data Source: MRED, MLS# MRD12462616
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 532 1st Street built and last sold?
The property at 532 1st Street was built in 1875 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 532 1st Street is $0.
What are some comparable homes to 532 1st Street?
There are currently no comparable homes to 532 1st Street.
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