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Morris 60450
1028 LISBON Street
$130,000
● House - Off Market

1028 LISBON Street

MORRIS, IL 60450
bedrooms
2 Beds
bathrooms
1 Bath
$291,229
RealtyHop Estimate
89.11%
Since Aug 1, 2008
National-US
Primary Model

About This Property

HUD FORECLOSURE SALE! CASE #137-349782. SOLD "AS IS" INSURED STATUS:IN. HOME IS VACANT USE HUD KEY. HUD ELECTRONIC AUCTION. DISCLOSURES INCLUDING LBP, PROPERTY CONDITION REPORT, BIDDING PROCEDURES SEE SHOWING INSTRUCTIONS OR CALL LISTING OFFICE. EVIDENCE OF LEAD BASE PAINT.   L/D 5/02/008
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 8
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,408
  • Gross Building Area: 1,408
  • Building Area: 1,408
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 24
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FREEMANS ADDITION
  • Land Acres: 0000000390
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: FREEMANS ADD N30' LT 2 & ALL LT 1 SEC 4-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 05-04-254-005
  • Lot: 1-2
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3655
  • Longitude: -88.4271

    Address

  • Full Address: 1028 Lisbon St
  • Address - House Number: 1028
  • Address - Street Name: Lisbon
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C003
  • 4-Digit Zip Code: 1317
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $496,939
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 229,150
  • High Value: 271,568
  • Low Value: 186,732

    Market Valuation

  • Market Total Value: $190,488
  • Market Land Value: $51,741
  • Market Improvement Value: $138,747

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,496
  • Assessed Land Value: $17,247
  • Assessed Improvements Value: $46,249
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morris

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1910 ft²

Average Home Age

60.8 years

Currently For Sale

21 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Ryan Behrens, RE/MAX Pinnacle
Data Source: MRED, MLS# MRD06882605
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1028 Lisbon Street built and last sold?
The property at 1028 Lisbon Street was built in 1926 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1028 Lisbon Street is $0.
What are some comparable homes to 1028 Lisbon Street?
There are currently no comparable homes to 1028 Lisbon Street.
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