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Joliet 60436 Idyleside
203 Morris Street
$190,116
● House - Off Market

203 Morris Street

Joliet, IL 60436
bedrooms
2 Beds
bathrooms
1 Bath
square feet
748 Ft²
$1,158
Est. Monthly
12.84%
Cap Rate

About This Property

Affordable living at its finest! This open concept, move-in ready home is begging for your finishing touches! Enjoy your morning coffee in the front all seasons room and settle in for a barbecue in the backyard at the end of a long day! Oversized backyard, full basement, and walk-up attic with tons of potential are the icing on the cake! Don't let this be the one that got away!!
Unit Size
748 Ft²
Days on Market
-
Land Size
-
Price per sqft
$241
Property Type
House
Property Taxes
$274
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.

Last updated: 2 years ago (MRED MLS #12188692)

Price History

Date / Event Date Event Price
Nov 12, 2024 Sold
Premium
Sold
Oct 19, 2024 In contract -
In contract
Oct 16, 2024 Temporarily off market -
Temporarily off market
Oct 15, 2024 Listed by Keller Williams Infinity $180,000
Listed by Keller Williams Infinity
Aug 31, 2024 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 280
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 500
  • Total Building Area: 748
  • Building Area: 748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 748
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IDYLSIDE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 12 BLOCK 6 IN IDYLSIDE SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 18, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882801

Geography

  • Parcel: 30-07-18-205-024
  • Block: 6
  • Lot: 12
  • Meridian: SEC 18 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5189
  • Longitude: -88.1224

    Address

  • Full Address: 203 Morris St
  • Address - House Number: 203
  • Address - Street Name: Morris
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C084
  • 4-Digit Zip Code: 1231
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $328,780
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 152,480
  • High Value: 179,292
  • Low Value: 125,668

    Market Valuation

  • Market Total Value: $124,803
  • Market Land Value: $28,476
  • Market Improvement Value: $96,327

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,601
  • Assessed Land Value: $9,492
  • Assessed Improvements Value: $32,109

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 12, 2017
  • Current Sale Recording Date: Dec 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017101132
  • Previous Sale Recording Date: Oct 30, 2013
  • Previous Sale Contract Date: Oct 28, 2013
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Idyleside

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$244

Above Asking

0.00%

Average Days on Market

56

Average Home Size

1056 ft²

Average Home Age

72.1 years

Currently For Sale

0 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

Unit for rent at 719 Taylor Street, Joliet, IL, 60435

$2,125 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 400 Summit Street, Joliet, IL, 60435

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,290 ft²
400 Summit Street, Joliet, IL, 60435 Listing by Stacie McGlone

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elyse Moore, Keller Williams Infinity
Last Updated: 2 years ago
Data Source: MRED, MLS# 12188692
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 203 Morris Street built and last sold?
The property at 203 Morris Street was built in 1926 and last sold on Dec 12, 2017 for $105,000.
How much is this home worth?
The estimated value of the home located at 203 Morris Street is $0.
What are some comparable homes to 203 Morris Street?
There are currently no comparable homes to 203 Morris Street.
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