1225 Third St
Lacon, IL 61540
2 bd 2 ba 1,222 sqft Built 1950 Lot 7,192 sqft single_family
Most recent sale
$88,000
Dec 27, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 27, 2021 | Sold | $88,000 | MLS #11136030 |
| Nov 17, 2021 | Sold | $86,000 | RMLSAlliance |
| Sep 7, 2021 | Price changed | $88,000 | MLS #PA1226798 |
| Jul 12, 2021 | Listed | $89,500 | MLS #PA1226798 |
| Jan 12, 2010 | Listing removed | $72,900 | RMLSAlliance |
| Jul 31, 2001 | Listed | $72,900 | MLS #1041549 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $25,659 | $2,222 | $27,881 | $1,837 |
| 2022 | $21,325 | $1,846 | $23,171 | $1,568 |
| 2021 | $19,764 | $1,711 | $21,475 | $1,446 |
| 2020 | $19,077 | $1,652 | $20,729 | $1,420 |
| 2019 | $18,841 | $1,632 | $20,473 | $1,455 |
| 2018 | $18,841 | $1,632 | $20,473 | $1,468 |
| 2017 | $19,225 | $1,665 | $20,890 | $1,534 |
| 2016 | $19,643 | $1,701 | $21,344 | $1,558 |
| 2015 | $20,095 | $1,740 | $21,835 | $1,551 |
| 2014 | $19,551 | $1,693 | $21,244 | $1,467 |
| 2013 | $19,207 | $1,663 | $20,870 | $1,419 |
| 2012 | $19,064 | $1,651 | $20,715 | $1,398 |
| 2011 | $21,355 | $1,850 | $23,205 | $1,534 |
| 2010 | $21,355 | $1,850 | $23,205 | $1,541 |
| 2009 | $21,355 | $1,850 | $23,205 | $1,673 |
| 2008 | $21,355 | $1,850 | $23,205 | $1,308 |
Property facts
Year built
1950
Property type
single_family
Stories
—
Beds
2
Baths
2
Living area
1,222 sqft
Lot size
7,192 sqft
ZIP code
61540
City
Lacon
Street
Third St
Coordinates
41.02158, -89.39665
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$528
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1225 Third St last sell?
1225 Third St most recently sold on Dec 27, 2021 for $88,000.
What is the current tax assessment for 1225 Third St?
The most recent total assessment for 1225 Third St (year 2024) is $27,881 with $1,837 in property tax.
How does 1225 Third St's assessment compare to its last sale price?
The current assessment is 68.3% below the last sale price of $88,000.
When was 1225 Third St built?
1225 Third St was built in 1950.
How does 1225 Third St compare to others on Third St?
We do not currently track other properties on Third St.
What are the property facts for 1225 Third St?
1225 Third St is a 2 bed, 2 bath, 1,222 sqft, 7,192 sqft lot single_family.
Is 1225 Third St a flip candidate?
No — 1225 Third St does not appear in our flips dataset.
Is 1225 Third St a tax-appeal candidate?
No — 1225 Third 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
+13.8%
Implied 1-yr
+55.1%
2026 Q1
$244.3K
2026 Q2
$262.1K