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Thomasboro 61878
606 W Meyer Street
$123,600
● House - Off Market

606 W Meyer Street

Thomasboro, IL 61878
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,920 Ft²
$738
Est. Monthly
29.53%
Cap Rate

About This Property

Don't miss this incredible opportunity to bring new life to this 4-bedroom, 2-bath home! Featuring a new roof and located in a prime location, this property is perfect for investors or handy homeowners looking to build equity. With some TLC, this home has the potential to truly shine. Schedule your showing today and unlock the possibilities!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
-
Price per sqft
$65
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1986

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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: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 840
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,195
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCHLUTERS 9TH SUB
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT PT 168 SCHLUTERS 9TH SUB

Neighborhood

  • School District Name: Thomasboro Community Consolidated School District 130
  • School Tax School District: 101
  • Census Tract: 010400

Geography

  • District: 20
  • Parcel: 20-09-28-306-011
  • Lot: 168
  • Meridian: SEC 28 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.2456
  • Longitude: -88.1923

    Address

  • Full Address: 606 W Meyer St
  • Address - House Number: 606
  • Street Direction: W
  • Address - Street Name: Meyer
  • Address - Suffix Type: St
  • State: IL
  • City Name: Thomasboro
  • Carrier Code: R078
  • 4-Digit Zip Code: 9620
  • Zip Code: 61878

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $129,662
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2002

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 114,562
  • High Value: 138,299
  • Low Value: 90,825

    Market Valuation

  • Market Total Value: $80,550
  • Market Land Value: $14,460
  • Market Improvement Value: $66,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,850
  • Assessed Land Value: $4,820
  • Assessed Improvements Value: $22,030

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Thomasboro

Stats & Trends

Median Asking:

$145,000

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

80

Average Home Size

1426 ft²

Average Home Age

53.2 years

Currently For Sale

6 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: Carol Meinhart, The Real Estate Group,Inc
Data Source: MRED, MLS# MRD12330674
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 606 West Meyer Street built and last sold?
The property at 606 West Meyer Street was built in 1986 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 606 West Meyer Street is $126,250.
What are some comparable homes to 606 West Meyer Street?
There are currently no comparable homes to 606 West Meyer Street.
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