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    Updated Farmhouse on 1.64 Acres Title is generated by Realmo AI

    1233 E 100 North Road, Atwood, IL 61913

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    For Sale
    $159,900

    Farm / Farmhouse, House (Detached) - Atwood, IL

    Type:Farm
    Property size:
    2,000 SF
    Lot size:
    1.64 Acres
    Price / SF:
    $79/SF
    Added:
    Feb 13, 2024
    Days on Market:
    840
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for 1233 E 100 North Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    300
    Bedrooms
    3
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Den, Dining Room, Family Room
    Parking features
    Garage, Garage - Detached
    Fireplace
    1
    Standard status
    Active
    APN
    07-34-16-006-003-01
    Size
    2,000 SF
    Lot size
    1.64 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    2746

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Year renovated
    1915
    Floors in Building
    2
    Flooring type
    Hardwood, Laminate, Linoleum, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Ginger Denton

    Listing agent Ginger Denton

    Listing office Legacy Land Co LLC 900 East Columbia Route 133, Elk Grove Village, IL

    Listing date Feb 13, 2024

    MLS# 11244172 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Updated 3‑bedroom farmhouse with new roof, septic, kitchen cabinets, and flooring.
    • Includes 1.64 acres of land with pear and evergreen trees.
    • Features a large living room with a gas fireplace and ample storage.
    • Offers flexible living spaces with two dining areas and a potential office/bedroom.
    • Includes a two‑car detached garage.
    • Option to purchase adjacent property for a total of almost 5 acres, two homes, and outbuildings.

    Overview

    Located near Atwood, Illinois, this property features a three-bedroom farmhouse on 1.64 acres. The home has been updated with a new roof, septic system, some new flooring, new kitchen cabinets, a new lean-to shelter, and fencing. The large living room includes a gas fireplace and ample storage. There are two rooms that can serve as a formal dining room and a casual dining room. The kitchen features new flooring, cabinets, and a sink. One bedroom is located downstairs, along with an additional room suitable for a bedroom or office. A utility room and a downstairs bath with a shower/tub and storage are also present. The homesite is situated on 0.51 acres, with an additional parcel of 1.13 acres included. A two-car detached garage is included. The property also features pear trees and evergreen trees. The living room measures 16x24, the dining room 16x16, the second dining room 12x16, the kitchen 15.5x10, bedroom 1 is 12x15, the entry foyer is 9x10, the bath is 7.5x9, the office is 13x12, the laundry room is 6.5x11, and the back foyer is 10x4. On the second floor, bedroom 2 measures 12x16 and bedroom 3 measures 12x16. The property is zoned 300.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Hair Salon Nail Salon Pharmacy Kitchen & Bath Showroom HVAC Service Daycare Center Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atwood
    County
    Douglas
    State
    Illinois
    Longitude
    -88.47654
    Latitude
    39.806322

    FAQs

    What type of property is this?
    Farm - Three-bedroom farmhouse with updates on 1.64 acres near Atwood, IL.
    Where is this farm located?
    The property is located at 1233 E 100 North Road Atwood, IL.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Updated 3‑bedroom farmhouse with **new roof, septic, kitchen cabinets, and flooring.**; Includes 1.64 acres of land with pear and evergreen trees.; Features a **large living room with a gas fireplace** and ample storage.
    (217) 543-2507
    We can help!
    Listing Contact
    Ginger Denton
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1233 E 100 North Road, Atwood, IL 61913
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