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Morrison 61270
302 S Jackson Street
$96,000
● House - Off Market

302 S Jackson Street

Morrison, IL 61270
bedrooms
1 Bed
bathrooms
1 Bath
square feet
864 Ft²
$526
Est. Monthly
8.82%
Cap Rate

About This Property

This sturdy, well-maintained 1-bedroom property with the added bonus of a spacious garage for ample vehicle storage. An additional room next to the bedroom could be a large walk in closet, office, or flex space, which adds significant value and functionality to this home. The metal roof offers durability and longevity, ensuring years of protection from the elements. The interior features a nicely-equipped kitchen with modern appliances and pull out drawers, providing a functional and aesthetically pleasing space for preparing meals. This clean, move-in ready home has new vinyl flooring, newer maintenance free vinyl fence, tilt out windows for easy cleaning, walk-in shower, nice shed in backyard, gutter guards, and a utility sink in basement with laundry.
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$104
Property Type
House
Property Taxes
$83
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.

Last updated: 3 years ago (MRED MLS #11984167)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Feb 23, 2024 Listed by Kophamer & Blean Realty $90,000
Listed by Kophamer & Blean Realty

Property Highlights

Air Conditioning

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: 12,510
  • Lot Size Depth Feet: 1,385
  • Lot Size Frontage Feet: 900
  • 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
  • Subdivision: SAVAGES ADDITION
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: 90 X 138.5 PT LOT 15 SW SEC 17 TWP 21 RNG 5 35800X

Neighborhood

  • School District Name: Morrison Community Unit School District 6
  • Census Tract: 000300

Geography

  • Account Number: 106617
  • District: 08
  • Parcel: 0917352003
  • Lot: 15
  • Meridian: SEC 17 TWN 21N RNG 05E
  • Municipality: MT PLEASANT
  • Latitude: 41.8047
  • Longitude: -89.9585

    Address

  • Full Address: 302 S Jackson St
  • Address - House Number: 302
  • Street Direction: S
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morrison
  • Carrier Code: C004
  • 4-Digit Zip Code: 2922
  • Zip Code: 61270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $99,924
  • Tax Rate Code Area: 00805

    Appraisal Valuation

  • Standard Deviation: 0.2605
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 62
  • Final Value: 82,163
  • High Value: 103,575
  • Low Value: 60,752

    Market Valuation

  • Market Total Value: $73,029
  • Market Land Value: $6,897
  • Market Improvement Value: $66,132

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,343
  • Assessed Land Value: $2,299
  • Assessed Improvements Value: $22,044

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 1006
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
Last Updated: 3 years ago
Data Source: MRED, MLS# 11984167
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 302 South Jackson Street built and last sold?
The property at 302 South Jackson Street was built in and last sold on Mar 8, 2024 for $96,000.
How much is this home worth?
The estimated value of the home located at 302 South Jackson Street is $0.
What are some comparable homes to 302 South Jackson Street?
There are currently no comparable homes to 302 South Jackson Street.
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