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Morris 60450
503 Armstrong Street
$175,000
● House - Off Market

503 Armstrong Street

Morris, IL 60450
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,527 Ft²
$1,025
Est. Monthly
24.34%
Cap Rate

About This Property

Very tastefully updated 4 bedroom home with brand new white kitchen cabinets along with quartz countertops. New planked flooring throughout matching the interior new paint. This home has new windows, new air-conditioner and furnace. Nothing needs to be done here but move in and enjoy.
Unit Size
1,527 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$110
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1905

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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 #12126811)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Aug 10, 2024 In contract -
In contract
Aug 1, 2024 Listed by ListWithFreedom.com $167,500
Listed by ListWithFreedom.com

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • 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: 3,049
  • Total Building Area: 1,527
  • Gross Building Area: 1,527
  • Building Area: 1,527
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,527
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENRYS ADDITION
  • Land Acres: 0000000070
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HENRYS ADD N1/2 LT 4 BLK 3 SEC 3-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000300

Geography

  • District: 12
  • Parcel: 05-03-308-001
  • Block: 3
  • Lot: 4
  • Meridian: SEC 03 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3647
  • Longitude: -88.4192

    Address

  • Full Address: 503 Armstrong St
  • Address - House Number: 503
  • Address - Street Name: Armstrong
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C005
  • 4-Digit Zip Code: 1912
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $289,745
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 171,560
  • High Value: 203,318
  • Low Value: 139,802

    Market Valuation

  • Market Total Value: $111,066
  • Market Land Value: $18,624
  • Market Improvement Value: $92,442

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,022
  • Assessed Land Value: $6,208
  • Assessed Improvements Value: $30,814

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 614286
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 Morris

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1910 ft²

Average Home Age

60.8 years

Currently For Sale

21 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: Henry Torn, ListWithFreedom.com
Last Updated: 3 years ago
Data Source: MRED, MLS# 12126811
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 503 Armstrong Street built and last sold?
The property at 503 Armstrong Street was built in 1905 and last sold on Jul 1, 2022 for $100,000.
How much is this home worth?
The estimated value of the home located at 503 Armstrong Street is $0.
What are some comparable homes to 503 Armstrong Street?
There are currently no comparable homes to 503 Armstrong Street.
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