506 Franklin Ave
Effingham, IL 62401
4 bd 2 ba 2,265 sqft Built 1940 Lot 5,663 sqft single_family
Most recent sale
$120,000
Sep 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 19, 2022 | Sold | $120,000 | Public Record |
| Sep 15, 2022 | Sold | $120,000 | MLS #11497569 |
| Aug 31, 2022 | Listing removed | $84,900 | MRED |
| Aug 18, 2022 | Listed | $129,000 | MLS #11497569 |
| Jul 23, 2022 | Listed | $129,000 | MLS #6222193 |
| Apr 11, 2014 | Sold | $75,000 | Public Record |
| Apr 10, 2014 | Sold | $75,000 | MRED |
| Apr 1, 2014 | Listing removed | $84,900 | CentralIllinois |
| Feb 25, 2014 | Listed | $84,900 | MLS #6131504 |
| Aug 19, 2013 | Listing removed | $84,900 | CentralIllinois |
| Jun 20, 2013 | Price changed | $84,900 | MLS #218191 |
| Apr 15, 2013 | Listed | $89,900 | MLS #218191 |
| Aug 28, 2009 | Sold | $76,000 | MRED |
| Jul 31, 2009 | Listing removed | $77,900 | CentralIllinois |
| Jul 27, 2009 | Price changed | $77,900 | MLS #207637 |
| Jun 22, 2009 | Listed | $79,900 | MLS #207637 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $29,130 | $6,150 | $35,280 | $1,978 |
| 2022 | $24,290 | $5,130 | $29,420 | $2,048 |
| 2021 | $24,050 | $5,080 | $29,130 | $2,112 |
| 2020 | $23,370 | $4,940 | $28,310 | $2,075 |
| 2019 | $23,140 | $4,890 | $28,030 | $2,035 |
| 2018 | $22,250 | $4,700 | $26,950 | $1,969 |
| 2017 | $21,810 | $4,610 | $26,420 | $1,936 |
| 2016 | $21,170 | $4,480 | $25,650 | $1,895 |
| 2015 | $20,550 | $4,350 | $24,900 | $1,853 |
| 2014 | $19,950 | $4,220 | $24,170 | $1,755 |
| 2013 | $19,560 | $4,140 | $23,700 | $1,286 |
| 2012 | $19,270 | $4,080 | $23,350 | $1,252 |
| 2010 | $19,270 | $4,080 | $23,350 | $1,254 |
| 2009 | $19,080 | $4,040 | $23,120 | $139 |
| 2008 | $18,170 | $3,850 | $22,020 | $177 |
| 2007 | $17,300 | $3,670 | $20,970 | $242 |
Property facts
Year built
1940
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,265 sqft
Lot size
5,663 sqft
ZIP code
62401
City
Effingham
Street
Franklin Ave
Coordinates
39.12312, -88.54837
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$720
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Franklin Ave last sell?
506 Franklin Ave most recently sold on Sep 19, 2022 for $120,000.
What is the current tax assessment for 506 Franklin Ave?
The most recent total assessment for 506 Franklin Ave (year 2024) is $35,280 with $1,978 in property tax.
How does 506 Franklin Ave's assessment compare to its last sale price?
The current assessment is 70.6% below the last sale price of $120,000.
When was 506 Franklin Ave built?
506 Franklin Ave was built in 1940.
How does 506 Franklin Ave compare to others on Franklin Ave?
We track 8 other properties on Franklin Ave. Browse the list under "Other properties on Franklin Ave" to compare beds, baths, and sale history.
What are the property facts for 506 Franklin Ave?
506 Franklin Ave is a 4 bed, 2 bath, 2,265 sqft, 5,663 sqft lot single_family.
Is 506 Franklin Ave a flip candidate?
No — 506 Franklin Ave does not appear in our flips dataset.
Is 506 Franklin Ave a tax-appeal candidate?
No — 506 Franklin Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.1%
Implied 1-yr
+24.2%
2026 Q3
$351.9K
2026 Q4
$367.2K
ZIP 62401 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin Ave