Opportunity awaits in the peaceful village of Colfax. Perched on this wonderful corner lot this one bedroom gem cash flows like wine. Currently a rental property with FULL intention of protecting the tenants residency under an active two year lease that MUST carry with the sale. Squeaky clean little home with low maintenance vinyl flooring throughout. Flat roof and furnace is less than two years old. Tenant pays 500/mon and is responsible for all utilities. Build your income producing profile and seize the moment of this once in a lifetime opportunity to own your own cash cow. Property sold as-is.
Closed
$35,500
401 E Wood St, Colfax, IL 61728
1beds
792sqft
Single Family Residence
Built in 1894
6,969.6 Square Feet Lot
$81,800 Zestimate®
$45/sqft
$988 Estimated rent
Home value
$81,800
$62,000 - $102,000
$988/mo
Zestimate® history
Owner options
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$988/mo
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$988/mo
Rent Zestimate®
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$212/mo
Est. payment
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$212/mo
Est. payment
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List your homeWhat's special
Corner lotLow maintenance vinyl flooringFlat roof
Zillow last checked:
Listing updated:
Listing courtesy of:
Chad Allen Lange 309-340-1000,
RE/MAX Rising
Bought with:
Chad Allen Lange
RE/MAX Rising
Source: MRED as distributed by MLS GRID,MLS#: 12345946
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Flooring (Vinyl)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10X13
Dining room
- Features: Flooring (Vinyl)
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12X13
Enclosed porch
- Features: Flooring (Carpet)
- Level: Main
- Area: 102 Square Feet
- Dimensions: 6X17
Kitchen
- Features: Flooring (Vinyl)
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9X12
Laundry
- Features: Flooring (Vinyl)
- Level: Main
- Area: 45 Square Feet
- Dimensions: 5X9
Living room
- Features: Flooring (Vinyl)
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12X15
Heating
- Forced Air
Cooling
- Wall Unit(s)
Appliances
- Laundry: Main Level, Laundry Closet
Features
- 1st Floor Bedroom, 1st Floor Full Bath, Separate Dining Room, Paneling
- Basement: Crawl Space,Cellar
Interior area
- Total structure area: 792
- Total interior livable area: 792 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Gravel, Off Street, Driveway, Garage Faces Side, On Site
- Has garage: Yes
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 6,969 sqft
- Dimensions: 50X140
- Features: Corner Lot
Details
- Parcel number: 1702303006
- Special conditions: None
- Other equipment: Ceiling Fan(s), Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding, Plaster
- Foundation: Block, Brick/Mortar
- Roof: Asphalt,Rubber
Condition
- New construction: No
- Year built: 1894
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Colfax
- Subdivision: Not Applicable
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2025 | Sold | $35,500+1.4%$45/sqft |
Source:  MRED as distributed by MLS GRID #12345946 Report a problem | ||
| 4/25/2025 | Pending sale | $35,000$44/sqft |
Source: MRED as distributed by MLS GRID #12345946 Report a problem | ||
| 4/23/2025 | Listed for sale | $35,000+6.1%$44/sqft |
Source: MRED as distributed by MLS GRID #12345946 Report a problem | ||
| 5/2/2022 | Sold | $33,000-0.2%$42/sqft |
Source: Public Record Report a problem | ||
| 8/30/2016 | Sold | $33,058$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,205 -2.6% | $14,761 +11.4% |
| 2023 | $1,237 +9% | $13,255 +10.1% |
| 2022 | $1,135 +6% | $12,038 +5.7% |
| 2021 | $1,071 | $11,390 +2.2% |
| 2020 | -- | $11,144 |
| 2019 | -- | $11,144 +3.3% |
| 2018 | -- | $10,793 +2.5% |
| 2017 | $989 +7.3% | $10,530 +1.2% |
| 2016 | $922 +0% | $10,406 -2.2% |
| 2015 | $922 | $10,640 +0.7% |
| 2014 | $922 +0.6% | $10,562 -5.4% |
| 2013 | $916 -17.2% | $11,164 |
| 2012 | $1,107 | $11,164 -4.8% |
| 2011 | $1,107 +5.3% | $11,729 |
| 2010 | $1,051 -2.4% | $11,729 +0.4% |
| 2009 | $1,076 +9% | $11,681 +1.3% |
| 2008 | $987 +4.1% | $11,527 +5.3% |
| 2007 | $948 | $10,948 +8.5% |
| 2006 | -- | $10,092 |
| 2005 | -- | $10,092 |
Find assessor info on the county website
Neighborhood: 61728
Nearby schools
GreatSchools rating
- 7/10Ridgeview Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Ridgeview Jr High SchoolGrades: 6-8Distance: 0.2 mi
- 5/10Ridgeview High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Ridgeview Elementary School
- Middle: Ridgeview Jr High School
- High: Ridgeview High School
- District: 19
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Illinois
- McLean County
- Colfax
- 61728
- 401 E Wood St
Nearby cities
Nearby zip codes
Other Colfax Topics
