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Morris 60450
760 2nd Avenue
$259,000
● House - Off Market

760 2nd Avenue

Morris, IL 60450
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,029 Ft²
$1,630
Est. Monthly
9.59%
Cap Rate

About This Property

Charming and updated single-story bungalow situated on a spacious corner lot. This 3-bedroom, 1-bathroom home features cathedral ceilings, a bright 3-season room, and a modern kitchen with stainless steel appliances and a newly added backsplash. Relax in the 13x8 enclosed 3-season porch or step outside to enjoy the above-ground pool (installed in 2016) with a surrounding deck, perfect for summer fun. Recent updates include a cedar fence (2023), a new deck (2024), upgraded lighting, and refreshed flooring (2024). Enjoy the convenience of a full basement, a fenced yard, a 2-car detached garage, and an extra shed for additional storage. A perfect blend of character and modern comfort!
Unit Size
1,029 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$243
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1933

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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: 1933
  • Effective Year Built: 1933
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 900
  • Total Building Area: 890
  • Gross Building Area: 890
  • Building Area: 890
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 890
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRIS INDUSTRIAL ASSN SUBDIVISION
  • Land Acres: 0000000250
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: MORRIS INDUSTRIAL ASSOC SUB #2 E40' LT 13 & ALL LT 14 BLK 13 SEC 3-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-03-179-012
  • Block: 13
  • Lot: 13-14
  • Meridian: SEC 03 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3669
  • Longitude: -88.4148

    Address

  • Full Address: 760 2nd Ave
  • Address - House Number: 760
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morris
  • Carrier Code: C005
  • 4-Digit Zip Code: 1949
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $479,932
  • Tax Rate Code Area: 12051

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 226,923
  • High Value: 271,484
  • Low Value: 182,363

    Market Valuation

  • Market Total Value: $183,969
  • Market Land Value: $45,957
  • Market Improvement Value: $138,012

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,323
  • Assessed Land Value: $15,319
  • Assessed Improvements Value: $46,004

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 605742
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

1922 ft²

Average Home Age

61.6 years

Currently For Sale

19 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: Destiny Langys, Crosstown Realtors, Inc.
Data Source: MRED, MLS# MRD12318386
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 760 2nd Avenue built and last sold?
The property at 760 2nd Avenue was built in 1933 and last sold on Jul 9, 2021 for $208,000.
How much is this home worth?
The estimated value of the home located at 760 2nd Avenue is $0.
What are some comparable homes to 760 2nd Avenue?
There are currently no comparable homes to 760 2nd Avenue.
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