401 E State St
Cherry Valley, IL 61016
- Studio
- 2,615 sqft
Studio
2,615 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1900
Living Area
2,615 sqft
Price/Sqft
$95
Parking
Garage
About this House
A unique investment opportunity in the heart of Cherry Valley! You don't find many rental units in the village but this 2 unit building has been fully updated within the past 3 years with new roof, furnaces, A/C , paint, interiors and landscaping. Perfect for an investor or a live in owner in a highly desirable area! Lower unit is slightly bigger featuring 2 bedroom and 1.5 baths with laundry. Upper unit is 2 bedroom 1 bath. 2 car garage and plenty of driveway space.
401 E State St, Cherry Valley, IL 61016 is a studio, 2,615 sqft multi-family built in 1900. It last sold for $50,000 on Jul 20, 2017. It is currently off market. The Trulia Estimate is $248,400, with a rent estimate of $1,310/month.
Home Details for 401 E State St
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Interior Details BasementNumber of Rooms: 9 |
Heating & Cooling Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
Appliances & Utilities Refrigerator |
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Exterior Home Features Roof: OtherExterior: Wood |
Parking & Garage GarageParking Spaces: 2Parking: Garage Detached |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Multi FamilyArchitecture: Ranch / Rambler |
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Units in Building: 2 |
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Lot Area: 3693 sqft |
Price History for 401 E State St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/23/2021 | ListingRemoved | Local MLS | |
| 02/04/2021 | $180,000 | Listed For Sale | Agent Provided |
| 07/20/2017 | $50,000 | Sold | MRED as distributed by MLS GRID #08998907 |
| 06/14/2017 | $68,900 | Pending | Agent Provided |
| 05/24/2017 | $68,900 | PriceChange | Agent Provided |
| 03/21/2017 | $89,900 | Pending | Agent Provided |
| 01/19/2017 | $89,900 | PriceChange | Agent Provided |
| 11/02/2016 | $105,000 | PriceChange | Agent Provided |
| 04/07/2016 | $135,000 | PriceChange | Agent Provided |
| 08/01/2015 | $145,000 | PriceChange | Agent Provided |
| 04/16/2014 | $174,900 | Listed For Sale | Agent Provided |
Market trends in Cherry Valley
Last updated June 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
6
2MoM
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,355 |
| Assessment | $149,571 |
Home facts updated by county records
Comparable Sales for 401 E State St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.28 | Multi-Family Home | $252,000 | 02/27/26 | - | 2,928 | ||
0.14 | Multi-Family Home | $319,000 | 05/11/26 | 5 | 1.5 | - | |
1.72 | Multi-Family Home | $267,500 | 06/24/26 | - | 2,109 | ||
1.72 | Multi-Family Home | $267,500 | 06/24/26 | 4 | 2 | - | |
2.55 | Multi-Family Home | $262,000 | 07/25/25 | 3 | 1 | 2,575 | |
2.29 | Multi-Family Home | $620,000 | 04/14/26 | 8 | 6 | - | |
2.35 | Multi-Family Home | $620,000 | 04/13/26 | - | 8,972 | ||
3.45 | Multi-Family Home | $230,500 | 01/02/26 | 4 | 3 | 2,298 | |
3.45 | Multi-Family Home | $230,100 | 12/29/25 | - | 2,298 | ||
3.60 | Multi-Family Home | $325,000 | 10/22/25 | 7 | 4 | 28,754 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 401 E State St.
What Locals Say about Cherry Valley
At least 26 Trulia users voted on each feature.
93 % Say it's dog friendly
89 % Say parking is easy
82 % Say car is needed
81 % Say yards are well-kept
79 % Say kids play outside
77 % Say there's holiday spirit
73 % Say people would walk alone at night
69 % Say there are sidewalks
66 % Say there's wildlife
61 % Say it's quiet
57 % Say they plan to stay for at least 5 years
55 % Say neighbors are friendly
54 % Say it's walkable to restaurants
42 % Say there are community events
41 % Say streets are well-lit
21 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
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