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Oregon 61061
908 Madison Street
$150,000
● House - Off Market

908 Madison Street

Oregon, IL 61061
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,524 Ft²
$1,088
Est. Monthly
15.79%
Cap Rate

About This Property

Just Listed in Oregon! Fall in love with this charming 3-4 bedroom, 1.5 bath home featuring a spacious eat in kitchen with all appliances included. The cozy living room and private den / office offer plenty of space for everyday living, while the main floor laundry adds convenience. Beautiful natural wood work throughout gives this home timeless character. Lovingly cared for over the years, this home also boasts a newer roof, siding, and windows. Enjoy the enclosed front porch, a supersized backyard with mature trees, fruit trees, and room for a garden, plus a 2+ car garage. Located close to schools, the Oregon Recreation Center, and so much more, this one won't last long.
Unit Size
1,524 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$98
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1907

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 866
  • Garage Type: 4
  • Garage Square Area: 624
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,140
  • Lot Size Depth Feet: 1,980
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,524
  • Building Area: 1,524
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J C T PHELPS ADD
  • Land Acres: 0000000301
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: E 33FT LOT 5 & W 33FT LOT 6 & PT VAC ALLEY N&ADJ BLK 8 J C T PHELPS ADD CITY OF OREGON

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 961400

Geography

  • District: 18
  • Parcel: 16-04-285-008
  • Block: 8
  • Lot: 5-6
  • Municipality: OREGON-NASHUA
  • Latitude: 42.0124
  • Longitude: -89.3402

    Address

  • Full Address: 908 Madison St
  • Address - House Number: 908
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oregon
  • Carrier Code: C002
  • 4-Digit Zip Code: 1717
  • Zip Code: 61061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $226,352
  • Tax Rate Code Area: 1840

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 66
  • Final Value: 135,191
  • High Value: 167,988
  • Low Value: 102,394

    Market Valuation

  • Market Total Value: $98,859
  • Market Land Value: $15,048
  • Market Improvement Value: $83,811

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,953
  • Assessed Land Value: $5,016
  • Assessed Improvements Value: $27,937
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 Oregon

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1650 ft²

Average Home Age

84.2 years

Currently For Sale

7 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 709 Franklin Street, Oregon, IL, 61061

$2,500 /mo

  • 5 Beds
  • 4 Baths
  • 3,035 ft²
709 Franklin Street, Oregon, IL, 61061 Listing by Carla Benesh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carla Benesh, RE/MAX of Rock Valley
Data Source: MRED, MLS# MRD12470536
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 908 Madison Street built and last sold?
The property at 908 Madison Street was built in 1907 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 908 Madison Street is $153,463.
What are some comparable homes to 908 Madison Street?
There are currently no comparable homes to 908 Madison Street.
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