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Cornell 61319
705 Prairie Street
$104,900
● House - Off Market

705 Prairie Street

Cornell, IL 61319
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,308 Ft²
$568
Est. Monthly
24.56%
Cap Rate

About This Property

Very nice completely remodeled 2 bedroom, 1 bath home with an extra room for a potential 3rd bedroom, office, closet or nursery! Large living room, eat in kitchen with large dining area! With a nice open floorplan. Very nice utility room off the kitchen. 1 1/2 car garage detached with cement! A very nice extra-large deck with seating off of the dining area. This home has just been completely remodeled with new kitchen cabinets, flooring throughout, new carpet downstairs and upstairs, bathroom remodel and every room freshly painted! Absolutely turnkey!
Unit Size
1,308 Ft²
Days on Market
-
Land Size
-
Price per sqft
$80
Property Type
House
Property Taxes
$53
HOA Dues
-
Year Built
1894

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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 #12203046)

Price History

Date / Event Date Event Price
Jan 30, 2025 Sold
Premium
Sold
Jan 10, 2025 In contract -
In contract
Jan 1, 2025 Relisted $104,900
Relisted
Dec 6, 2024 In contract -
In contract
Nov 6, 2024 Listed by Joan Bullard Realty $104,900
Listed by Joan Bullard Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1932
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 96
  • Garage Type: 4
  • Garage Square Area: 390
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,960
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,404
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEAMAN'S SECOND ADD
  • Land Acres: 0000000229
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 08-14-205-007 LOT 83 X 120 N1/2 LOT 2 & N1/2 OF W8' LOT 3 BLK 1 BEAMAN'S 2ND ADD

Neighborhood

  • School District Name: Flanagan-Cornell District 74 in Cornell
  • Census Tract: 960400

Geography

  • District: 08
  • Parcel: 08-08-14-205-007
  • Block: 1
  • Lot: 2,3
  • Municipality: AMITY
  • Latitude: 40.9887
  • Longitude: -88.7271

    Address

  • Full Address: 705 Prairie St
  • Address - House Number: 705
  • Address - Street Name: Prairie
  • Address - Suffix Type: St
  • State: IL
  • City Name: Cornell
  • Carrier Code: R009
  • 4-Digit Zip Code: 9585
  • Zip Code: 61319

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $66,462
  • Tax Rate Code Area: 08002

    Market Valuation

  • Market Total Value: $22,950
  • Market Land Value: $3,507
  • Market Improvement Value: $19,443

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,650
  • Assessed Land Value: $1,169
  • Assessed Improvements Value: $6,481

    Sales

  • Current Sale Contract Date: Jan 20, 2012
  • Current Sale Recording Date: Jan 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 614090
  • Previous Sale Recording Date: Feb 23, 2011
  • Previous Sale Contract Date: Feb 17, 2011
  • Previous Sale Document Type: 27
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 Cornell

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$115

Below Asking

0.01%

Average Days on Market

79

Average Home Size

1230 ft²

Average Home Age

43 years

Currently For Sale

2 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: Betsy Fellheimer, Joan Bullard Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12203046
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 705 Prairie Street built and last sold?
The property at 705 Prairie Street was built in 1894 and last sold on Jan 20, 2012 for $26,000.
How much is this home worth?
The estimated value of the home located at 705 Prairie Street is $0.
What are some comparable homes to 705 Prairie Street?
There are currently no comparable homes to 705 Prairie Street.
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