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Morris 60450
735 Armstrong Street
$157,000
● House - Off Market

735 Armstrong Street

Morris, IL 60450
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$1,189
Est. Monthly
14.20%
Cap Rate

About This Property

Lots of potential with this full brick,3 bedroom, ranch style home. Large back yard and a detached 2 car garage. Great floor plan, ready for your personal decorating and color schemes. Supersized kitchen, lots of room for a future island and additional cabinets! Full bath has been remodeled, a 6 x 11 designated laundry room. This home is being sold "AS IS". The seller is requesting a conventional or cash buyer. Great investment property with a few improvements.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
-
Price per sqft
$149
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1968

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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 #12293068)

Price History

Date / Event Date Event Price
Mar 25, 2025 Sold
Premium
Sold
Mar 6, 2025 In contract -
In contract
Feb 18, 2025 Listed by RE/MAX Top Properties $175,000
Listed by RE/MAX Top Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 6,534
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CUNNEA & HYNDS SUBDIVISION
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CUNNEA & HYNDS SUB OF N1/2 BLK 2 LT 6 SEC 3-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-03-326-006
  • Block: 2
  • Lot: 6
  • Meridian: SEC 03 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3647
  • Longitude: -88.4156

    Address

  • Full Address: 735 Armstrong St
  • Address - House Number: 735
  • Address - Street Name: Armstrong
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C005
  • 4-Digit Zip Code: 1916
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $363,892
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 184,232
  • High Value: 218,335
  • Low Value: 150,128

    Market Valuation

  • Market Total Value: $139,488
  • Market Land Value: $26,217
  • Market Improvement Value: $113,271

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,496
  • Assessed Land Value: $8,739
  • Assessed Improvements Value: $37,757

    Exemptions

  • Homeowner Exemption: Yes
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:

$303,500

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

44

Average Home Size

2001 ft²

Average Home Age

61.8 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Vicki Geiger, RE/MAX Top Properties
Last Updated: 2 years ago
Data Source: MRED, MLS# 12293068
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 735 Armstrong Street built and last sold?
The property at 735 Armstrong Street was built in 1968 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 735 Armstrong Street is $0.
What are some comparable homes to 735 Armstrong Street?
There are currently no comparable homes to 735 Armstrong Street.
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