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Morris 60450
1211 Lisbon Street
$105,000
● House - Off Market

1211 Lisbon Street

Morris, IL 60450
bedrooms
2 Beds
bathrooms
2 Baths
square feet
740 Ft²
$130,838
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Are you a flipper looking for a project?  Well, this is it!! 2 bedrooms and 1 full bath plus full basement bath. 1 car garage. Vinyl siding, replacement windows throughout, updated breaker box. Hardwood flooring. Full basement. Close to hospital, high school, parks and downtown shopping. Needs remodeling and updating. Conventional or Cash only please. Property is being sold As-Is. Priced at recently appraised amount.
Unit Size
740 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$149
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #11060317)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Apr 20, 2021 Listed by Century 21 Coleman-Hornsby $110,000
Listed by Century 21 Coleman-Hornsby

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 740
  • Gross Building Area: 740
  • Building Area: 740
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 740
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROSEMANS SUBDIVISION
  • Land Acres: 0000000120
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ROSEMANS SUB 50 N & S ON LISBON ST FRACT PT LT 29 SEC 4-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-04-276-007
  • Lot: 29
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3672
  • Longitude: -88.4267

    Address

  • Full Address: 1211 Lisbon St
  • Address - House Number: 1211
  • Address - Street Name: Lisbon
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C003
  • 4-Digit Zip Code: 1320
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $320,855
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1346
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 127,888
  • High Value: 145,108
  • Low Value: 110,667

    Market Valuation

  • Market Total Value: $122,991
  • Market Land Value: $26,676
  • Market Improvement Value: $96,315

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,997
  • Assessed Land Value: $8,892
  • Assessed Improvements Value: $32,105

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: May 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 603483
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:

$309,000

Sale Price/ft²

$175

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1931 ft²

Average Home Age

60.3 years

Currently For Sale

17 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: Jim Maskel, Century 21 Coleman-Hornsby
Last Updated: 3 years ago
Data Source: MRED, MLS# 11060317
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 1211 Lisbon Street built and last sold?
The property at 1211 Lisbon Street was built in 1965 and last sold on May 13, 2021 for $105,000.
How much is this home worth?
The estimated value of the home located at 1211 Lisbon Street is $0.
What are some comparable homes to 1211 Lisbon Street?
There are currently no comparable homes to 1211 Lisbon Street.
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