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Chenoa 61726
603 N 5th Avenue N
$9,000
● Land - Off Market

603 N 5th Avenue N

Chenoa, IL 61726
bedrooms
Studio
bathrooms
0 Bath
$75
Est. Monthly

About This Property

Lot located on the NE side of Chenoa across from a cornfield making it feel more like a country lot. Great location to build new or move a home to!
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$30
HOA Dues
-
Year Built
1991

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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 #11953175)

Price History

Date / Event Date Event Price
Jan 24, 2024 Sold
Premium
Sold
Dec 30, 2023 Listed by Keller Williams Revolution $9,000
Listed by Keller Williams Revolution
Apr 13, 2022 No longer available -
No longer available
Oct 11, 2021 Listed by Keller Williams Revolution $25,000
Listed by Keller Williams Revolution

Property Highlights

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • 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: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,196
  • Total Building Area: 1,280
  • Gross Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCMAHAN & CO 2ND ADD
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 13 & S1/2 LOT 12 BLK 7 MCMAHAN & CO 2ND ADD

Neighborhood

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

Geography

  • District: 8
  • Parcel: 03-01-176-012
  • Block: 7
  • Lot: 13,12
  • Municipality: CHENOA
  • Latitude: 40.7519
  • Longitude: -88.7124

    Address

  • Full Address: 603 N 5th Ave
  • Address - House Number: 603
  • Street Direction: N
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chenoa
  • Carrier Code: R001
  • 4-Digit Zip Code: 1535
  • Zip Code: 61726

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $174,580
  • Tax Rate Code Area: 810

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 99,514
  • High Value: 120,213
  • Low Value: 78,815

    Market Valuation

  • Market Total Value: $54,318
  • Market Land Value: $12,252
  • Market Improvement Value: $42,066

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,106
  • Assessed Land Value: $4,084
  • Assessed Improvements Value: $14,022

    Sales

  • Current Sale Contract Date: Feb 03, 2005
  • Current Sale Recording Date: Mar 09, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2005-00006662
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

$110

Below Asking

0.02%

Average Days on Market

47

Average Home Size

974 ft²

Average Home Age

137 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

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MRED

Listed by: Justin Feese, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11953175
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 603 North 5th Avenue built and last sold?
The property at 603 North 5th Avenue was built in 1991 and last sold on Feb 3, 2005 for $400,000.
How much is this home worth?
The estimated value of the home located at 603 North 5th Avenue is $0.
What are some comparable homes to 603 North 5th Avenue?
There are currently no comparable homes to 603 North 5th Avenue.
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