400 Franklin St
Palestine, IL 62451
3 bd 2 ba 2,696 sqft Built 1992 Lot 8,520 sqft single_family
Most recent sale
$155,000
Jun 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 4, 2025 | Sold | $155,000 | MyStateMLS |
| Mar 27, 2025 | Price changed | $169,000 | MyStateMLS |
| Oct 29, 2024 | Listed | $175,000 | MyStateMLS |
| Mar 7, 2023 | Listing removed | $133,900 | MRED |
| Jun 17, 2022 | Sold | $155,000 | MLS #11072169 |
| Apr 28, 2022 | Listed | $177,000 | MLS #11072169 |
| Jan 15, 2017 | Listing removed | $133,900 | CentralIllinois |
| Sep 13, 2016 | Price changed | $133,900 | MLS #6163074 |
| Jul 14, 2016 | Listed | $137,500 | MLS #6163074 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $50,702 | $2,690 | $53,392 | $3,732 |
| 2022 | $37,126 | $1,969 | $39,095 | $3,046 |
| 2020 | $35,726 | $1,895 | $37,621 | $3,110 |
| 2019 | $35,726 | $1,895 | $37,621 | $3,141 |
| 2018 | $35,726 | $1,895 | $37,621 | $3,168 |
| 2017 | $35,726 | $1,895 | $37,621 | $3,172 |
| 2016 | $35,726 | $1,895 | $37,621 | $3,269 |
| 2015 | $35,726 | $1,895 | $37,621 | $3,292 |
| 2014 | $34,155 | $1,812 | $35,967 | $3,788 |
| 2013 | $34,155 | $1,812 | $35,967 | $3,763 |
Property facts
Year built
1992
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,696 sqft
Lot size
8,520 sqft
ZIP code
62451
City
Palestine
Street
Franklin St
Coordinates
39.00401, -87.60794
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
$930
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 400 Franklin St last sell?
400 Franklin St most recently sold on Jun 17, 2022 for $155,000.
What is the current tax assessment for 400 Franklin St?
The most recent total assessment for 400 Franklin St (year 2024) is $53,392 with $3,732 in property tax.
How does 400 Franklin St's assessment compare to its last sale price?
The current assessment is 65.6% below the last sale price of $155,000.
When was 400 Franklin St built?
400 Franklin St was built in 1992.
How does 400 Franklin St compare to others on Franklin St?
We track 8 other properties on Franklin St. Browse the list under "Other properties on Franklin St" to compare beds, baths, and sale history.
What are the property facts for 400 Franklin St?
400 Franklin St is a 3 bed, 2 bath, 2,696 sqft, 8,520 sqft lot single_family.
Is 400 Franklin St a flip candidate?
No — 400 Franklin St does not appear in our flips dataset.
Is 400 Franklin St a tax-appeal candidate?
No — 400 Franklin 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
+10.6%
Implied 1-yr
+42.3%
2026 Q3
$276.9K
2026 Q4
$294.3K
ZIP 62451 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin St