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Mount Morris 61054
306 W Front Street
$165,500
● House - Off Market

306 W Front Street

Mount Morris, IL 61054
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,104 Ft²
$1,069
Est. Monthly
16.08%
Cap Rate

About This Property

This adorable 3-bedroom, 1-bath ranch offers the perfect blend of comfort and convenience, making it an ideal starter home! The spacious layout features a larger bathroom and a generous-sized yard, perfect for outdoor activities or gardening. The home has been lovingly maintained, with newer siding and gutters ensuring peace of mind for years to come. Most of the windows have been updated to improve energy efficiency and aesthetics. Plus, all appliances are included, so you can move in with ease. A one-car garage completes the package, providing extra storage or shelter for your vehicle. Don't miss the opportunity to make this cozy home your own!!
Unit Size
1,104 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$145
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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 Count: 100
  • 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: 13,755
  • Lot Size Depth Feet: 1,285
  • Lot Size Frontage Feet: 1,061
  • Total Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOUNT MORRIS
  • Land Acres: 0000000315
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOTS 14 & 15 BLK 8 VIL MT MORRIS

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 960900

Geography

  • District: 16
  • Parcel: 08-27-405-012
  • Block: 8
  • Lot: 14-15
  • Municipality: MT MORRIS
  • Latitude: 42.0479
  • Longitude: -89.4399

    Address

  • Full Address: 306 W Front St
  • Address - House Number: 306
  • Street Direction: W
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mount Morris
  • Carrier Code: C002
  • 4-Digit Zip Code: 1319
  • Zip Code: 61054

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $287,308
  • Tax Rate Code Area: 1640

    Appraisal Valuation

  • Standard Deviation: 0.2486
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 64
  • Final Value: 129,496
  • High Value: 161,690
  • Low Value: 97,303

    Market Valuation

  • Market Total Value: $103,620
  • Market Land Value: $16,689
  • Market Improvement Value: $86,931

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,540
  • Assessed Land Value: $5,563
  • Assessed Improvements Value: $28,977

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202103390
  • Previous Sale Recording Date: Sep 09, 2015
  • Previous Sale Contract Date: Aug 24, 2015
  • Previous Sale Amount: $10,000
  • Previous Sale Document Type: 71

    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 Mount Morris

Stats & Trends

Median Asking:

$164,900

Sale Price/ft²

$108

Below Asking

0.02%

Average Days on Market

46

Average Home Size

1404 ft²

Average Home Age

65.3 years

Currently For Sale

4 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

Currently no nearby rentals
MRED

Listed by: Katelyn Garcell, Real Broker, LLC
Data Source: MRED, MLS# MRD12459540
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 306 West Front Street built and last sold?
The property at 306 West Front Street was built in 1950 and last sold on May 7, 2021 for $110,000.
How much is this home worth?
The estimated value of the home located at 306 West Front Street is $160,702.
What are some comparable homes to 306 West Front Street?
There are currently no comparable homes to 306 West Front Street.
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