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Lincoln 62656
916 4th Street
$56,000
● House - Off Market

916 4th Street

Lincoln, IL 62656
bedrooms
4 Beds
bathrooms
2 Baths
square feet
3,004 Ft²
$548
Est. Monthly
50.58%
Cap Rate

About This Property

Corner lot. Sold as is. 2 car detached garage & oversized carport ready for your truck, boat, trailer or RV. Two covered patio's. Covered front porch. Cash, Conventional or Rehab loan offers only. Basement with cellar door access. Formal dining room with built in china cabinet. Potential 4-5 bedrooms. Buyer should confirm Elementary school. Deep fenced side yard. Central air. Kitchen with breakfast bar. Original woodwork & hardwood floors. Primary full bath with double sinks, walk in shower & laundry closet. Living room with window seat. 7 x 6 reading/office area on 2nd level outside bedrooms. Off living room office with full bath. 2nd level bedroom dormer's great for desks or additional bedroom space.
Unit Size
3,004 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$20
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Garage

Building Info

Overview

    General

  • 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: 10,454
  • Total Building Area: 0
  • Building Area: 0

    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: TINSLEY'S ADD
  • Land Acres: 0000000240
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 12-2524 LOTS 6 & 7 BLOCK 57 KNAPP, BIRD & TINSLEY'S ADDN TO POSTVILLE.

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953300

Geography

  • District: 12
  • Parcel: 12-507-007-00
  • Block: 57
  • Lot: 6,7
  • Municipality: WEST LINCOLN
  • Latitude: 40.1462
  • Longitude: -89.3796

    Address

  • Full Address: 916 4th St
  • Address - House Number: 916
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C002
  • 4-Digit Zip Code: 2412
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $292,156
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.2764
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 60
  • Final Value: 138,553
  • High Value: 176,855
  • Low Value: 100,251

    Market Valuation

  • Market Total Value: $108,120
  • Market Land Value: $18,090
  • Market Improvement Value: $90,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,040
  • Assessed Land Value: $6,030
  • Assessed Improvements Value: $30,010

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021114004
  • Previous Sale Recording Date: Jun 12, 2015
  • Previous Sale Contract Date: Jun 11, 2015
  • Previous Sale Amount: $90,000
  • 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 Lincoln

Stats & Trends

Median Asking:

$112,500

Sale Price/ft²

$81

Below Asking

0.03%

Average Days on Market

67

Average Home Size

2195 ft²

Average Home Age

128 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

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MRED

Listed by: Matt Zenor, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12271284
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 916 4th Street built and last sold?
The property at 916 4th Street was built in and last sold on Apr 16, 2021 for $125,000.
How much is this home worth?
The estimated value of the home located at 916 4th Street is $0.
What are some comparable homes to 916 4th Street?
There are currently no comparable homes to 916 4th Street.
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