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Morris 60450
1261 Park Boulevard
$185,000
● House - Off Market

1261 Park Boulevard

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,247 Ft²
$1,243
Est. Monthly
13.61%
Cap Rate

About This Property

Welcome to 1261 Park Blvd, a charming 3-bedroom, 1.5-bathroom home in Morris, IL. This property features a spacious fenced yard, perfect for outdoor activities, and is ideally located close to schools, parks, and the charming downtown area of Morris. The home is in need of TLC, offering you the opportunity to bring your own ideas and make it your dream home. Sold as-is, this property is available for cash or conventional financing only. Roof is around 7 years old, Furnace around 2 years old. Solar panels on lease from SunRun. Don't miss out on the potential this home has to offer!
Unit Size
1,247 Ft²
Days on Market
-
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1963

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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.

Last updated: 2 years ago (MRED MLS #12258195)

Price History

Date / Event Date Event Price
Jan 31, 2025 Sold
Premium
Sold
Dec 22, 2024 In contract -
In contract
Dec 18, 2024 Listed by Re/Max Ultimate Professionals $180,000
Listed by Re/Max Ultimate Professionals

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 8,276
  • Total Building Area: 1,260
  • Gross Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HI-PARK SUBDIVISION
  • Land Acres: 0000000190
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HI PARK SUB LT 19 SEC 4-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-04-106-012
  • Lot: 19
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3676
  • Longitude: -88.4364

    Address

  • Full Address: 1261 Park Blvd
  • Address - House Number: 1261
  • Address - Street Name: Park
  • Address - Suffix Type: Blvd
  • State: IL
  • City Name: Morris
  • Carrier Code: C006
  • 4-Digit Zip Code: 1246
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $468,326
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 208,925
  • High Value: 247,600
  • Low Value: 170,251

    Market Valuation

  • Market Total Value: $179,520
  • Market Land Value: $42,621
  • Market Improvement Value: $136,899

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,840
  • Assessed Land Value: $14,207
  • Assessed Improvements Value: $45,633

    Exemptions

  • Homeowner Exemption: Yes
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

$174

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: Tara Davies, Re/Max Ultimate Professionals
Last Updated: 2 years ago
Data Source: MRED, MLS# 12258195
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 1261 Park Boulevard built and last sold?
The property at 1261 Park Boulevard was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1261 Park Boulevard is $184,115.
What are some comparable homes to 1261 Park Boulevard?
There are currently no comparable homes to 1261 Park Boulevard.
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