506 Cherokee St
Morrisonville, IL 62546
2 bd 1,296 sqft Built 1960 Lot 14,375 sqft single_family
Most recent sale
$134,000
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 27, 2022 | Sold | $134,000 | Public Record |
| Apr 4, 2022 | Price changed | $139,900 | MLS #CA1012893 |
| Mar 31, 2022 | Price changed | $147,500 | MLS #CA1012893 |
| Mar 23, 2022 | Price changed | $155,000 | MLS #CA1012893 |
| Mar 16, 2022 | Price changed | $165,000 | MLS #CA1012893 |
| Mar 12, 2022 | Listed | $170,000 | MLS #CA1012893 |
| Jul 16, 2021 | Sold | $89,500 | Public Record |
| Jun 1, 1979 | Sold | $49,850 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $40,616 | $4,047 | $44,663 | $1,102 |
| 2023 | $40,616 | $4,047 | $44,663 | $1,575 |
| 2022 | $41,839 | $3,609 | $45,448 | $1,429 |
| 2021 | $18,980 | $3,547 | $22,527 | $972 |
| 2020 | $18,980 | $3,547 | $22,527 | $981 |
| 2019 | $19,230 | $3,456 | $22,686 | $1,001 |
| 2018 | $18,583 | $3,340 | $21,923 | $127 |
| 2017 | $18,137 | $3,260 | $21,397 | $129 |
| 2016 | $18,137 | $3,260 | $21,397 | $130 |
| 2015 | $16,715 | $2,965 | $19,680 | $786 |
| 2014 | $16,363 | $2,903 | $19,266 | $749 |
| 2013 | $16,363 | $2,903 | $19,266 | $735 |
| 2012 | $16,363 | $2,903 | $19,266 | $220 |
| 2011 | $17,047 | $2,780 | $19,827 | $219 |
| 2010 | $17,047 | $2,780 | $19,827 | $218 |
| 2009 | $17,047 | $2,780 | $19,827 | $218 |
| 2008 | $20,115 | $2,644 | $22,759 | $346 |
| 2006 | $19,090 | $2,510 | $21,600 | $341 |
Property facts
Year built
1960
Property type
single_family
Stories
1
Beds
2
Baths
—
Living area
1,296 sqft
Lot size
14,375 sqft
ZIP code
62546
City
Morrisonville
Street
Cherokee St
Coordinates
39.42309, -89.46532
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$804
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Cherokee St last sell?
506 Cherokee St most recently sold on May 27, 2022 for $134,000.
What is the current tax assessment for 506 Cherokee St?
The most recent total assessment for 506 Cherokee St (year 2024) is $44,663 with $1,102 in property tax.
How does 506 Cherokee St's assessment compare to its last sale price?
The current assessment is 66.7% below the last sale price of $134,000.
When was 506 Cherokee St built?
506 Cherokee St was built in 1960.
How does 506 Cherokee St compare to others on Cherokee St?
We track 8 other properties on Cherokee St. Browse the list under "Other properties on Cherokee St" to compare beds, baths, and sale history.
What are the property facts for 506 Cherokee St?
506 Cherokee St is a 2 bed, 1,296 sqft, 14,375 sqft lot single_family.
Is 506 Cherokee St a flip candidate?
Yes — 506 Cherokee St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 506 Cherokee St a tax-appeal candidate?
No — 506 Cherokee 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
+6.0%
Implied 1-yr
+24.0%
2025 Q1
$200.9K
2025 Q2
$209.5K
ZIP 62546 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cherokee St