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Bourbonnais 60914
615 Washington Avenue
$125,000
● House - Off Market

615 Washington Avenue

Bourbonnais, IL 60914
bedrooms
2 Beds
bathrooms
1 Bath
square feet
997 Ft²
$876
Est. Monthly
14.14%
Cap Rate

About This Property

Great property in the heart of Bourbonnais with a 1 acre lot!   This 2 bedroom, 1 bath home has a 1 car attached garage, front living room, eat in kitchen with plenty of cabinets and counter space and a utility room.   The home is being sold AS-IS and in need of some TLC.   The roof is approximately 3 years old, furnace was replaced 2 years ago and the circuit breaker panel has been updated.  Call today for your private showing.
Unit Size
997 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$120
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
-

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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 #12276468)

Price History

Date / Event Date Event Price
Mar 13, 2025 Sold
Premium
Sold
Jan 30, 2025 In contract -
In contract
Jan 23, 2025 Listed by McColly Bennett Real Estate $120,000
Listed by McColly Bennett Real Estate

Property Highlights

Building Info

Overview

    General

  • 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: 30,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIDIERS SUB
  • Land Acres: 0000000688
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: DIDIERS SUB 1ST ADDN LOT 5 17-31-12E

Neighborhood

  • School District Name: Bourbonnais School District 53
  • Census Tract: 010602

Zoning

  • Zoning: R1

Geography

  • District: 17
  • Parcel: 17-09-17-403-028
  • Lot: 5
  • Municipality: BOURBONNAIS
  • Latitude: 41.1634
  • Longitude: -87.8624

    Address

  • Full Address: 615 Washington Ave
  • Address - House Number: 615
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Bourbonnais
  • Carrier Code: C002
  • 4-Digit Zip Code: 1321
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $344,902
  • Tax Rate Code Area: 17023

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 171,639
  • High Value: 208,507
  • Low Value: 134,771

    Market Valuation

  • Market Total Value: $132,240
  • Market Land Value: $24,786
  • Market Improvement Value: $107,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,080
  • Assessed Land Value: $8,262
  • Assessed Improvements Value: $35,818
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 Bourbonnais

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1854 ft²

Average Home Age

28.8 years

Currently For Sale

48 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

Unit for rent at 223 Mohawk Drive, Bourbonnais, IL, 60914

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
223 Mohawk Drive #223, Bourbonnais, IL, 60914 Listing by Kody Lathus

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: J Andy Czako, McColly Bennett Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12276468
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 Washington Avenue built and last sold?
The property at 615 Washington Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 615 Washington Avenue is $125,531.
What are some comparable homes to 615 Washington Avenue?
There are currently no comparable homes to 615 Washington Avenue.
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