216 Market St
Farmer City, IL 61842
3 bd 3 ba 2,240 sqft Built 1904 single_family
Most recent sale
$40,000
Mar 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 7, 2026 | Sold | $242,000 | MRED |
| Nov 22, 2025 | Price changed | $249,900 | MRED |
| Oct 29, 2025 | Price changed | $259,900 | MRED |
| Sep 27, 2025 | Listed | $269,900 | MRED |
| Mar 21, 2022 | Sold | $40,000 | MLS #11131077 |
| Jul 19, 2021 | Price changed | $49,900 | MLS #11131077 |
| Jun 22, 2021 | Listed | $59,900 | MLS #11131077 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $12,969 | $4,470 | $17,439 | $1,517 |
| 2023 | $11,887 | $4,097 | $15,984 | $1,390 |
| 2022 | $10,213 | $3,520 | $13,733 | $747 |
| 2021 | $14,753 | $3,364 | $18,117 | $693 |
| 2020 | $14,984 | $3,417 | $18,401 | $720 |
| 2019 | $14,984 | $3,417 | $18,401 | $720 |
| 2018 | $14,633 | $3,337 | $17,970 | $671 |
| 2017 | $14,276 | $3,209 | $17,485 | $655 |
| 2016 | $13,996 | $3,146 | $17,142 | $618 |
| 2015 | $13,996 | $3,146 | $17,142 | $599 |
| 2014 | $13,996 | $3,146 | $17,142 | $597 |
| 2013 | $13,996 | $3,146 | $17,142 | $605 |
| 2012 | $13,996 | $3,146 | $17,142 | $692 |
| 2010 | — | — | $16,773 | $644 |
| 2009 | — | — | $16,444 | $624 |
| 2008 | — | — | $16,074 | $600 |
Property facts
Year built
1904
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,240 sqft
Lot size
—
ZIP code
61842
City
Farmer City
Street
Market St
Coordinates
40.24441, -88.64443
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$240
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 216 Market St last sell?
216 Market St most recently sold on Mar 21, 2022 for $40,000.
What is the current tax assessment for 216 Market St?
The most recent total assessment for 216 Market St (year 2024) is $17,439 with $1,517 in property tax.
How does 216 Market St's assessment compare to its last sale price?
The current assessment is 56.4% below the last sale price of $40,000.
When was 216 Market St built?
216 Market St was built in 1904.
How does 216 Market St compare to others on Market St?
We track 8 other properties on Market St. Browse the list under "Other properties on Market St" to compare beds, baths, and sale history.
What are the property facts for 216 Market St?
216 Market St is a 3 bed, 3 bath, 2,240 sqft single_family.
Is 216 Market St a flip candidate?
No — 216 Market St does not appear in our flips dataset.
Is 216 Market St a tax-appeal candidate?
No — 216 Market St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
0.0%
Implied 1-yr
-0.1%
2026 Q3
$166.3K
2026 Q4
$166.2K
ZIP 61842 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Market St