$390,000
●
Land -
Off Market
5886 Irene Road
Belvidere, IL 61008
Studio
0 Bath
$474,587
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
INVEST IN YOUR VERY NEAR FUTURE! This farmette is centrally located
in the New Flora Neighborhood Tollway Station Transit Center right
off Interstate 90! Great investment opportunity for what's to come
in the very near future. Recent appraisal on file. For more
information please visit the county website. Currently property is
zoned agricultural with a perfect set up for horses or farm animals
with outbuildings, stalls, fenced pastures and detached garages.
The home features original woodwork, hardwood floors, formal living
and dining rooms, updated kitchen with solid surface counter tops,
and glass tile back splash. Finished 3rd floor attic with 3
additional rooms and basement which is currently used as a game
room, you will not run out of living space! Beautiful front and
rear enclosed porches to enjoy those scenic views! Don't let this
opportunity pass you by!
Unit Size
-
Days on Market
-
Land Size
5.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$281
HOA Dues
-
Year Built
1910
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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 #10967864)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2021 | Sold | ||
| Sold | |||
| Jan 13, 2021 | No longer available | - | |
| No longer available | |||
| Jan 11, 2021 | Listed by J.Jill Realty Group | $399,000 | |
| Listed by J.Jill Realty Group | |||
| | |||
|
INVEST IN YOUR VERY NEAR FUTURE! This farmette is centrally located in the New Flora Neighborhood Tollway Station Transit Center right off Interstate 90! Currently property is zoned agricultural with a perfect set up for horses or farm animals with outbuildings, stalls, fenced pastures and detached garages. The home features original woodwork, hardwood floors, formal living and dining rooms, updated kitchen with solid surface counter tops, and glass tile back splash. Finished 3rd floor attic with 3 additional rooms and basement which is currently used as a game room, you will not run out of living space! Beautiful front and rear enclosed porches to enjoy those scenic views! Don't let this opportunity pass you by!
| |||
| Jul 14, 2020 | No longer available | - | |
| No longer available | |||
| Jul 13, 2020 | Listed | $399,000 | |
| Listed | |||
| | |||
|
INVEST IN YOUR VERY NEAR FUTURE! This farmette is centrally located in the New Flora Neighborhood Tollway Station Transit Center right off Interstate 90! Currently property is zoned agricultural with a perfect set up for horses or farm animals with outbuildings, stalls, fenced pastures and detached garages. The home features original woodwork, hardwood floors, formal living and dining rooms, updated kitchen with solid surface counter tops, and glass tile back splash. Finished 3rd floor attic with 3 additional rooms and basement which is currently used as a game room, you will not run out of living space! Beautiful front and rear enclosed porches to enjoy those scenic views! Don't let this opportunity pass you by! The manager has listed the unit size as 2139 square feet.
| |||
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About Boone
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Listed by: Jill Jacobsen-Haka, J.Jill Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 10967864
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# 10967864
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