$236,000
●
House -
Off Market
2710 N Route 47 Highway
Morris, IL 60450
3 Beds
2 Baths
1,533 Ft²
$264,409
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
PROPERTY W/ 2 HOMES ON ONE ACRE!! RANCH HOME WITH INCOME PRODUCING
PROPERTY IN BACK OR IN-LAW HOME on 1 acre just outside of South
Morris. 2 HOUSES on ONE PIN. 3 bed 2 bath home w/attached 2 car
garage on a crawl-1533 sq ft. w/ Privacy fence and mature evergreen
trees. Back house(2710 1/2): 1 bed 1 bath or potential 2 bed,
2 bath-1669 sq ft. w/ extra deep garage(728sq ft). Buy to occupy or
buy as a rental or both! MAIN HOUSE: Kitchen recently painted, open
floor plan of kitchen, dining and living room. Woodburning
Fireplace. Furnace (2015) Wtr Htr (2016) Appliances (2017)New Roof
(2018)-Siding (2019) Master suite has stand up marble tile shower.
BACK HOUSE: 2710 1/2 N. Rt. 47: Kitchen w/ wall oven &
separate cooktop. Open floorplan with 1 bed possibly 2 or use
second space as a workshop or rental space. Laundry hookup
and attached extra deep garage. Newer AC (2018) New Gutters (2019).
Conveniently located just south of river in unincorporated Morris.
Don't pass this one up!
Unit Size
1,533 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$157
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
-
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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: 3 years ago (MRED MLS #11253395)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Nov 8, 2023 | Listed by Coldwell Banker Real Estate Group | $249,000 | |
| Listed by Coldwell Banker Real Estate Group | |||
| | |||
|
1 acre property with main home and guest living quarters!! Three bed, two bath home in the front, and a one bed one bath guest quarters detached in the back just outside of Morris. This property has ONE PIN. Main house has 1533 sq ft. with privacy fence, mature evergreen trees, Wood Burning Fireplace, Furnace (2015) water heater (2016) Appliances (2017) New Roof (2018) Siding (2019) Master suite has stand up marble tile shower and attached extra deep garage. Newer AC (2018) New Gutters (2019). Back guest quarters has 1669 sq ft. with extra deep garage(728sq ft) large Kitchen with wall oven & separate cooktop.
| |||
| Dec 3, 2021 | Sold | ||
| Sold | |||
| Oct 22, 2021 | Listed by RE/MAX Top Properties | $240,000 | |
| Listed by RE/MAX Top Properties | |||
Property Highlights
Garage
Air Conditioning
Parking Available
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About Morris
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Listed by: Michelle Mitchell, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11253395
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11253395
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