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Marseilles 61341
706 1st Avenue
$127,000
● House - Off Market

706 1st Avenue

Marseilles, IL 61341
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,458 Ft²
$718
Est. Monthly
19.93%
Cap Rate

About This Property

Situated on a double lot, this 1.5 story home offers 1458sf of living space and is equipped with 2-3 bedrooms, 1 bath, full basement and detached 1 car garage.  Interior features original woodwork, real hardwood flooring and wainscoting in dining room.  Lots of mechanical updates including almost a all new double pane windows, roof/siding/AC 2016, furnace 2013, sewer line 2020.  Conveniently located minutes from I80.
Unit Size
1,458 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$82
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1890

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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 #11958569)

Price History

Date / Event Date Event Price
Feb 27, 2024 Sold
Premium
Sold
Jan 9, 2024 Listed by RE/MAX 1st Choice $119,000
Listed by RE/MAX 1st Choice

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • 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: 15,541
  • Total Building Area: 1,556
  • Gross Building Area: 1,556
  • Building Area: 1,556
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GUMM & HARRINGTON ADD
  • Land Acres: 0000000356
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GUMM & HARRINGTON ADD, LTS 16 & 17 BLK 4 SEC 18-33-5

Neighborhood

  • School District Name: Marseilles Elementary School District 150
  • Census Tract: 962400

Geography

  • District: MA
  • Parcel: 24-18-401-020
  • Block: 4
  • Lot: 16-17
  • Meridian: SEC 18 TWN 33 RNG 05
  • Municipality: MANLIUS TOWNSHIP
  • Latitude: 41.3301
  • Longitude: -88.6962

    Address

  • Full Address: 706 1st Ave
  • Address - House Number: 706
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Marseilles
  • Carrier Code: R004
  • 4-Digit Zip Code: 1606
  • Zip Code: 61341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: MA005

    Appraisal Valuation

  • Standard Deviation: 0.461
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 89
  • Final Value: 114,063
  • High Value: 126,248
  • Low Value: 101,879

    Market Valuation

  • Market Total Value: $63,084
  • Market Land Value: $13,698
  • Market Improvement Value: $49,386

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,028
  • Assessed Land Value: $4,566
  • Assessed Improvements Value: $16,462

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-02014
  • Previous Sale Recording Date: Jun 19, 2020
  • Previous Sale Contract Date: Jun 13, 2020
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Marseilles

Stats & Trends

Median Asking:

$166,500

Sale Price/ft²

$129

Below Asking

0.02%

Average Days on Market

50

Average Home Size

43433 ft²

Average Home Age

88 years

Currently For Sale

9 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: Phil Makarewicz, RE/MAX 1st Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11958569
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 706 1st Avenue built and last sold?
The property at 706 1st Avenue was built in 1890 and last sold on Mar 1, 2024 for $127,000.
How much is this home worth?
The estimated value of the home located at 706 1st Avenue is $0.
What are some comparable homes to 706 1st Avenue?
There are currently no comparable homes to 706 1st Avenue.
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