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Chenoa 61726
604 N 2nd Avenue
$136,500
● House - Off Market

604 N 2nd Avenue

Chenoa, IL 61726
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$902
Est. Monthly
20.45%
Cap Rate

About This Property

Welcome to this cozy 3-bedroom, 1-bath ranch home, perfect for those looking for a move-in ready home. All appliances stay and the kitchen has a hookup to easily add a dishwasher. The large living space opens up to the formal dining room and leads into eat-in kitchen providing a semi-open floor plan. Located on a large lot with a 24x24 attached 2-car garage. Spend your weekends and evenings enjoying the deck on the back overlooking the large yard. Schedule your showing today!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1979

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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 #12096754)

Price History

Date / Event Date Event Price
Aug 13, 2024 Sold
Premium
Sold
Jul 23, 2024 In contract -
In contract
Jul 11, 2024 Listed by Keller Williams Revolution $140,000
Listed by Keller Williams Revolution

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • 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: 528
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEE SUB
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LEE SUBN OF BLK 9 MCMAHAN & CO 2ND ADD TO CHENOA LOT 9

Neighborhood

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

Geography

  • District: 8
  • Parcel: 03-01-152-003
  • Block: 9
  • Lot: 9
  • Municipality: CHENOA
  • Latitude: 40.7521
  • Longitude: -88.7159

    Address

  • Full Address: 604 N 2nd Ave
  • Address - House Number: 604
  • Street Direction: N
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chenoa
  • Carrier Code: R001
  • 4-Digit Zip Code: 1531
  • Zip Code: 61726

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $239,460
  • Tax Rate Code Area: 810

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 121,437
  • High Value: 146,696
  • Low Value: 96,178

    Market Valuation

  • Market Total Value: $92,505
  • Market Land Value: $12,699
  • Market Improvement Value: $79,806

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,835
  • Assessed Land Value: $4,233
  • Assessed Improvements Value: $26,602

    Sales

  • Current Sale Contract Date: Mar 24, 2020
  • Current Sale Recording Date: Mar 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-00005327
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

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MRED

Listed by: Justin Feese, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 12096754
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 604 North 2nd Avenue built and last sold?
The property at 604 North 2nd Avenue was built in 1979 and last sold on Mar 24, 2020 for $80,000.
How much is this home worth?
The estimated value of the home located at 604 North 2nd Avenue is $0.
What are some comparable homes to 604 North 2nd Avenue?
There are currently no comparable homes to 604 North 2nd Avenue.
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