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Morrison 61270
16179 Greenland Drive
$185,000
● House - Off Market

16179 Greenland Drive

Morrison, IL 61270
bedrooms
1 Bed
bathrooms
3 Baths
square feet
1,926 Ft²
$1,357
Est. Monthly
3.09%
Cap Rate

About This Property

Spacious ranch-style home situated on a beautifully landscaped, park-like corner lot at the edge of town. Freshly updated with brand new carpet and interior paint throughout, plus a new water heater in 2025. The walk-out basement features a cozy fireplace (currently unused), a kitchenette perfect for entertaining, a full bathroom, and an additional bedroom. Patio doors open to a lower patio beneath the upper deck, and a 15x10 enclosed porch connects to a fenced yard-ideal for pets or play. You'll love the abundance of storage, convenient main floor laundry, two bedrooms, and three full bathrooms. Selling house AS IS.
Unit Size
1,926 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$96
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
-

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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

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • 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: 25,985
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000596
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: HIGHLAND ACRES #2 LOT 19 MF 11141-98 217500X

Neighborhood

  • School District Name: Morrison Community Unit School District 6
  • Census Tract: 000200

Geography

  • Account Number: 84248
  • District: 08
  • Parcel: 0908452006
  • Lot: 19
  • Municipality: MT PLEASANT
  • Latitude: 41.8182
  • Longitude: -89.9463

    Address

  • Full Address: 16179 Greenland Dr
  • Address - House Number: 16179
  • Address - Street Name: Greenland
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Morrison
  • Carrier Code: R002
  • 4-Digit Zip Code: 9528
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,362
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 61
  • Final Value: 244,316
  • High Value: 310,820
  • Low Value: 177,812

    Market Valuation

  • Market Total Value: $195,096
  • Market Land Value: $10,161
  • Market Improvement Value: $184,935

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,032
  • Assessed Land Value: $3,387
  • Assessed Improvements Value: $61,645
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 Morrison

Stats & Trends

Median Asking:

$139,500

Sale Price/ft²

$91

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1679 ft²

Average Home Age

101.7 years

Currently For Sale

11 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: Amanda Cook, Kophamer & Blean Realty
Data Source: MRED, MLS# MRD12414353
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 16179 Greenland Drive built and last sold?
The property at 16179 Greenland Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16179 Greenland Drive is $0.
What are some comparable homes to 16179 Greenland Drive?
There are currently no comparable homes to 16179 Greenland Drive.
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