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Manhattan 60442
615 S Eastern Avenue
$240,000
● House - Off Market

615 S Eastern Avenue

Manhattan, IL 60442
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,260 Ft²
$253,167
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Don't miss this rarely available, 3 bedroom/2 full bathroom ranch perfectly located in town, only steps away from Anna McDonald. Over-sized kitchen features granite countertops, ample amount of cabinet space, backsplash & stainless steel appliances. Open- concept living and dining area along with all bedrooms have vinyl floors throughout. Main bathroom freshly painted offers plenty of space along with linen storage. TONS of room for storage, cars, man cave, workshop, etc. in the over-sized 24x40 detached garage which is heated and insulated. This charming home sits on .36 of an acre lot, huge back deck & fenced in yard makes the perfect set up for outdoor entertaining. Don't miss your opportunity to own a home in the sought after Manhattan Township located in the award winning district of Lincoln-Way schools!
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$190
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1918

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11631127)

Price History

Date / Event Date Event Price
Nov 4, 2022 Sold
Premium
Sold
Sep 15, 2022 Listed by @properties Christie's International Real Estate $239,900
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,260
  • Garage Type: 4
  • Garage Square Area: 960
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 920
  • Total Building Area: 2,520
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: A TRACT OF LAND IN THE SE1/4 NE1/4 SEC 20, T34N-R11E DAF: BEG AT A PT ON THE E LN OF SD SEC 20, 117 FT N OF THE E1/4 COR, THC

Neighborhood

  • School District Name: Manhattan School District 114
  • Census Tract: 883509

Geography

  • Parcel: 14-12-20-224-006
  • Meridian: SEC 20 TWN 34N RNG 11E
  • Municipality: MANHATTAN
  • Latitude: 41.4179
  • Longitude: -87.9822

    Address

  • Full Address: 615 S Eastern Ave
  • Address - House Number: 615
  • Street Direction: S
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Manhattan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9355
  • Zip Code: 60442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $593,746
  • Tax Rate Code Area: 1401

    Appraisal Valuation

  • Standard Deviation: 0.172
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 245,739
  • High Value: 288,018
  • Low Value: 203,459

    Market Valuation

  • Market Total Value: $191,400
  • Market Land Value: $53,250
  • Market Improvement Value: $138,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,800
  • Assessed Land Value: $17,750
  • Assessed Improvements Value: $46,050

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Mar 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 61
  • Current Sale Input Document Number: 10902
  • Previous Sale Recording Date: Feb 22, 2023
  • Previous Sale Contract Date: Nov 04, 2022
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 61
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 Manhattan

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$189

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2062 ft²

Average Home Age

22.1 years

Currently For Sale

32 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: Kelly Dugan, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11631127
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 615 South Eastern Avenue built and last sold?
The property at 615 South Eastern Avenue was built in 1918 and last sold on Nov 4, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 615 South Eastern Avenue is $0.
What are some comparable homes to 615 South Eastern Avenue?
There are currently no comparable homes to 615 South Eastern Avenue.
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