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Backup Offers

1340 Illinois Ave, Cape May, NJ, 08204

$575,000

Home List Price

$6,828*

Closing Credit

2 Bedrooms
1 Full Bath
750 SqFt
$767/SqFt
House

Location

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1340 Illinois Ave, Cape May$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned, Off Street
Year Built1972
HeatingBaseboard
CoolingCentral Air
MLS #NJCM2004300
Lot Size0.07 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1340 Illinois Ave

A charming two-bedroom, one-bath quad just a short walk from the beach in beautiful Cape May. This property offers not only an unbeatable location—close to popular restaurants and entertainment—but also incredible potential for added value. With some thoughtful updates and personal touches, this home could be transformed into your ideal coastal retreat or a high-demand rental property. Whether you’re looking for a year-round residence, vacation getaway, or investment with excellent rental potential, this home is brimming with opportunity. Embrace the Cape May lifestyle and make this space truly your own!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Stories: 1
  • Living Area: 750 SqFt

Listing Office:

  • Office Name: Compass New Jersey, LLC - Moorestown
  • Office Phone: (856) 214-2639
  • Listing Agent: Ryan J Manney

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Washer, Oven, Oven, Gas Range
  • Basement: No
  • Interior: Attic, Bathroom - Stall Shower, Ceiling Fan(s), Flat

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Outbuilding(s), Sidewalks

Parking Information:

  • Parking: Assigned, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take Pittsburgh Ave heading south and turn right onto Illinois Ave. House is on the left,

Municipality:

  • Cape May City

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000
  • Price Per SqFt: $767/SqFt
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Housing Market Comparison

See how this home compares to others in Cape May, NJ.

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Cape May, NJ

City

Med. Sold Price

$1.6M

Med. Price/SqFt

$474

Avg. Days On Market

262

# of Sold Homes

6

1340 Illinois Ave vs Cape May

40 DAYS ON ROCKET

-222 Days

$575,000

-$1.0M Less

$767/SqFt

+$292 More

KEY TAKEAWAY

This property is $1.0M less than the Median Sold Price and $292/SqFt more than other homes in Cape May, NJ.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJCM2004300

Listing Office:

  • Office Name: Compass New Jersey, LLC - Moorestown
  • Office Phone: (856) 214-2639
  • Listing Agent: Ryan J Manney

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4339492
8
/10

  • Cape May City Elementary School

  • 921 Lafayette St

  • 0.72 miles

  • Public District Grades PK-6

school-card-donut-4339493
7
/10

  • West Cape May Elementary School

  • 301 Moore St

  • 1.58 miles

  • Public District Grades PK-6

school-card-donut-4339494
3
/10

  • Sandman Consolidated School

  • 838 Seashore Rd

  • 2.19 miles

  • Public District Grades 5-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,149. The most common annual income of people living in Cape May, NJ is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1340 Illinois Ave

What is the listing price of this property?

The listing price of 1340 Illinois Ave property is $575,000.

What type of property is this?

The property 1340 Illinois Ave is a house located in Cape May, New Jersey, 08204.

Is this property for sale now?

Accepting Backup Offers: 1340 Illinois Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 1340 Illinois Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1340 Illinois Ave is 750 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1340 Illinois Ave is 1972.

Rocket Homes›New Jersey›Cape May County›Cape May›08204›1340 Illinois Ave

This home is located at 1340 Illinois Ave in Cape May, NJ and zip code 08204. This 750 square foot home, which was built in 1972, sits on a 0.07 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $575,000.

Over 0 listings were sold over their listed price in November 2024 in Cape May, NJ. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Cape May, NJ between October 2024 and November 2024 decreased by 17.4%. In November 2024 median list price was $1,665,000 and the average listing age was 262 days.

From Rocket Homes Real Estate and based on county public records data.

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