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Mendota 61342
601 5th Avenue
$155,000
● House - Off Market

601 5th Avenue

Mendota, IL 61342
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,262 Ft²
$180,388
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Can you say open concept? Wide open living room, dining and kitchen. This 2262 Sqft brick 4 bedroom 2 bath home is a single story on a corner lot that has a formal entry, huge living room with wood/gas fireplace. Combined oversized dining room/kitchen combo is great great for entertaining. Lots of parking not only in the 2 1/2 car garage and the concrete drive, but there are multiple private  asphalt parking spaces in front and on the side. Lots of large vinyl windows let natural light pour in. Both bathrooms have floor to ceiling tile. There is even a bonus room that could be an office, den or folding room for the laundry/mud room. The main bath has a whirlpool tub. New light fixtures through out. Make it your new home. Schedule you showing today.
Unit Size
2,262 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$79
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1948

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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: 2 years ago (MRED MLS #11667551)

Price History

Date / Event Date Event Price
May 2, 2023 Sold
Premium
Sold
Nov 4, 2022 Listed by RE/MAX 1st Choice $179,000
Listed by RE/MAX 1st Choice

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 5,663
  • Total Building Area: 2,262
  • Gross Building Area: 2,262
  • Building Area: 2,262
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,262
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MENDOTA (ORIGINAL TOWN)
  • Land Acres: 0000000130
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOWN OF MENDOTA, W100' LT 16 BLK 51 SEC 33-36-1

Neighborhood

  • School District Name: Mendota Township High School District 280
  • Census Tract: 962000

Geography

  • District: MD
  • Parcel: 01-33-402-007
  • Block: 51
  • Lot: 16
  • Meridian: SEC 33 TWN 36 RNG 01
  • Municipality: MENDOTA TOWNSHIP
  • Latitude: 41.5466
  • Longitude: -89.1143

    Address

  • Full Address: 601 5th Ave
  • Address - House Number: 601
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mendota
  • Carrier Code: C003
  • 4-Digit Zip Code: 2147
  • Zip Code: 61342

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: MD002

    Appraisal Valuation

  • Standard Deviation: 0.4581
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 8
  • Final Value: 141,690
  • High Value: 206,607
  • Low Value: 76,772

    Market Valuation

  • Market Total Value: $115,155
  • Market Land Value: $11,370
  • Market Improvement Value: $103,785

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,385
  • Assessed Land Value: $3,790
  • Assessed Improvements Value: $34,595

    Sales

  • Current Sale Contract Date: May 02, 2023
  • Current Sale Recording Date: May 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-04182
  • Previous Sale Recording Date: Jun 16, 2005
  • Previous Sale Contract Date: Jun 15, 2005
  • Previous Sale Amount: $96,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Mendota

Stats & Trends

Median Asking:

$157,000

Sale Price/ft²

$113

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1620 ft²

Average Home Age

93.8 years

Currently For Sale

12 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: Shawn Sell, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 11667551
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 601 5th Avenue built and last sold?
The property at 601 5th Avenue was built in 1948 and last sold on May 2, 2023 for $155,000.
How much is this home worth?
The estimated value of the home located at 601 5th Avenue is $184,909.
What are some comparable homes to 601 5th Avenue?
There are currently no comparable homes to 601 5th Avenue.
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