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Minonk 61760
620 Locust Street
$146,000
● House - Off Market

620 Locust Street

Minonk, IL 61760
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,249 Ft²
$994
Est. Monthly
8.22%
Cap Rate

About This Property

Don't miss this adorable bungalow. Beautifully updated home boasting numerous enhancements. The professionally landscape yard provides privacy while sipping coffee on the front porch. Beautiful hardwood floors on second story. Recently refreshed paint. The oversized two car garage is great additional space for a shop or storage. Fully fenced back yard for privacy and space for kids and pets to run.  Includes a spacious 24x32 garage, expansive front porch, charming arched doorways, and exceptional value-compare and see!
Unit Size
1,249 Ft²
Days on Market
-
Land Size
-
Price per sqft
$116
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1921

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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 #12063151)

Price History

Date / Event Date Event Price
Jul 15, 2024 Sold
Premium
Sold
May 22, 2024 Listed by Coldwell Banker Real Estate Group $145,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • 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: 12,800
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 800
  • Total Building Area: 665
  • Building Area: 665
  • Building Area Measurement: M

    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: ORIGIN
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: T28N - R2E - S07 LOT 13 BLK 10 ORIGINAL TOWN

Neighborhood

  • School District Name: Fieldcrest Community Unit School District 6
  • Census Tract: 030200

Geography

  • District: 06
  • Parcel: 06-07-405-010
  • Block: 10
  • Lot: 13
  • Meridian: SEC 07 TWN 28N RNG 02E
  • Municipality: MINONK
  • Latitude: 40.9039
  • Longitude: -89.0321

    Address

  • Full Address: 620 Locust St
  • Address - House Number: 620
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: Minonk
  • Carrier Code: C002
  • 4-Digit Zip Code: 1343
  • Zip Code: 61760

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $327,474
  • Tax Rate Code Area: 6002

    Appraisal Valuation

  • Standard Deviation: 0.2005
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 73
  • Final Value: 145,327
  • High Value: 174,478
  • Low Value: 116,177

    Market Valuation

  • Market Total Value: $126,888
  • Market Land Value: $13,035
  • Market Improvement Value: $113,853

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,296
  • Assessed Land Value: $4,345
  • Assessed Improvements Value: $37,951
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 Minonk

Stats & Trends

Median Asking:

$179,000

Sale Price/ft²

$116

Below Asking

0.03%

Average Days on Market

41

Average Home Size

1832 ft²

Average Home Age

373 years

Currently For Sale

3 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: Jared Litwiller, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12063151
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 620 Locust Street built and last sold?
The property at 620 Locust Street was built in 1921 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 620 Locust Street is $0.
What are some comparable homes to 620 Locust Street?
There are currently no comparable homes to 620 Locust Street.
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