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Champaign 61822
645 County Road 1000
$220,000
● House - Off Market

645 County Road 1000

Champaign, IL 61822
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,792 Ft²
$1,447
Est. Monthly
2.78%
Cap Rate

About This Property

This property consists of a residential house with an unfinished basement, a machine shed, a studio apartment, and a guest house.  The main house offers 3BR, approx 1700 sqft, the guest house offers 3BR/1BA and approx 1100 sqft.  This property is being sold as is. Condition reflects price.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
4.61 acres
Price per sqft
$123
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1963

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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 #12219911)

Price History

Date / Event Date Event Price
Feb 6, 2025 Sold
Premium
Sold
Dec 2, 2024 Listed by RE/MAX REALTY ASSOCIATES-CHA $219,900
Listed by RE/MAX REALTY ASSOCIATES-CHA

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 8
  • Basement Area: 960
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 3
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 200,812
  • Total Building Area: 3,376
  • Gross Building Area: 3,376
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004610
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: PT G.L. 1 SEC 18 T18NR8E AND OTHER LAND

Neighborhood

  • School District Name: Tolono Community Unit School District 7
  • School Tax School District: 101
  • Census Tract: 010902

Geography

  • District: 29
  • Parcel: 29-26-18-100-008
  • Meridian: SEC 18 TWN 18N RNG 08E
  • Municipality: TOLONO
  • Latitude: 40.0238
  • Longitude: -88.3409

    Address

  • Full Address: 645 County Road 1000 N
  • Address - House Number: 645
  • Street Segment Direction: N
  • Address - Street Name: County Road 1000
  • State: IL
  • City Name: Champaign
  • Carrier Code: R001
  • 4-Digit Zip Code: 9738
  • Zip Code: 61822

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $384,578
  • Tax Rate Code Area: 2909

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 295,662
  • High Value: 356,923
  • Low Value: 234,401

    Market Valuation

  • Market Total Value: $231,930
  • Market Land Value: $29,880
  • Market Improvement Value: $202,050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,310
  • Assessed Land Value: $9,960
  • Assessed Improvements Value: $67,350

    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 Champaign

Stats & Trends

Median Asking:

$254,900

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1990 ft²

Average Home Age

44.2 years

Currently For Sale

425 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

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MRED

Listed by: Craig Buchanan, RE/MAX REALTY ASSOCIATES-CHA
Last Updated: 2 years ago
Data Source: MRED, MLS# 12219911
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 645 County Rd 1000 North built and last sold?
The property at 645 County Rd 1000 North was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 645 County Rd 1000 North is $0.
What are some comparable homes to 645 County Rd 1000 North?
There are currently no comparable homes to 645 County Rd 1000 North.
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