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$2,600

1518 Illinois Ave, Lancaster, TX, 75134

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,014 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.29 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave

Exterior

Lot Size7,750 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APN360067100P0110000
Lot Number11
SubdivisionBoardwalk
Land UseResidential
Legal DescriptionBOARDWALK PH 2 BLK P LT 11 INT201900136587 DD05282019 CO-DC 0067100P01100 4CN0067100P
Census Tract016708
Assessed Land Value$70,000
Assessed Improvement Value$224,600
Assessment Year2025

About this property

Welcome to this spacious 3-bedroom, 2.5-bath two-story home in Lancaster, Texas, ideally located with convenient access to I-20, I-35E, I-45, and nearby major roadways, making commuting throughout the DFW area a breeze. Lancaster offers direct access to these major interstates, providing excellent connectivity to surrounding cities. Step inside and enjoy an abundance of natural light throughout the home, creating a bright and welcoming atmosphere. Large windows offer beautiful views overlooking both the front and backyard. The spacious primary bedroom features a large private balcony, providing a wonderful space to relax while enjoying views of the front yard. The home also offers long, spacious hallways that lead to the additional bedrooms, providing an open and comfortable layout. The laundry room and convenient half bath are located downstairs, while the remaining bedrooms and full bathrooms are situated upstairs for added privacy. Located close to shopping, dining, and everyday conveniences, this home offers a great combination of space, comfort, natural light, and accessibility perfect for those looking for a convenient place to call home in Lancaster.

Investor Tools

$168,294Estimated Mortgage Balance
$133,706Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

Interested in this property?

Adriana Mendez

Only 1 Realty Group North Dallas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,507
$294,600
2025
$70,000
$224,600
$294,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,507
$294,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Herbert A Rodriguez
Seller Carryback / Seller Financing / Seller Take-Back
$196,867
No
First
May 28, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,294
$133,706
44%
56%
$1,181/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,181/mo
+$791/mo
7.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lancaster

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