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Morris 60450
817 2nd Avenue
$185,000
● House - Off Market

817 2nd Avenue

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,475 Ft²
$1,359
Est. Monthly
11.85%
Cap Rate

About This Property

Convenience of ranch style living, ready for some TLC to make it your own. Offering 3 bedrooms and 1 1/2 baths. Both living room and family room. Family room has gas stove and breezeway access to 4-car heated garage. 23 X 12 eat-in kitchen. All appliances remain including washer and dryer. 5 year young roof!  Great price and reasonable taxes for a home with lots of potential
Unit Size
1,475 Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1950

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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 #12054315)

Price History

Date / Event Date Event Price
Jul 11, 2024 Sold
Premium
Sold
May 13, 2024 Listed by RE/MAX Top Properties $209,900
Listed by RE/MAX Top Properties

Property Highlights

Air Conditioning
Fireplace

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 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: 6,098
  • Total Building Area: 1,475
  • Gross Building Area: 1,475
  • Building Area: 1,475
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,475
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRIS INDUSTRIAL ASSN SUBDIVISION
  • Land Acres: 0000000140
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: MORRIS INDUSTRIAL ASSOC SUB #2 LT 5 BLK 11 SEC 3-33-7

Neighborhood

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

Geography

  • District: 12
  • Parcel: 05-03-182-010
  • Block: 11
  • Lot: 5
  • Meridian: SEC 03 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3663
  • Longitude: -88.4131

    Address

  • Full Address: 817 2nd Ave
  • Address - House Number: 817
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Morris
  • Carrier Code: C005
  • 4-Digit Zip Code: 1950
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $392,575
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 70
  • Final Value: 201,964
  • High Value: 245,614
  • Low Value: 158,314

    Market Valuation

  • Market Total Value: $150,483
  • Market Land Value: $25,524
  • Market Improvement Value: $124,959

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,161
  • Assessed Land Value: $8,508
  • Assessed Improvements Value: $41,653

    Sales

  • Current Sale Contract Date: Jun 15, 2016
  • Current Sale Recording Date: Jun 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 562443
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:

$307,000

Sale Price/ft²

$174

Below Asking

0.02%

Average Days on Market

43

Average Home Size

1933 ft²

Average Home Age

59 years

Currently For Sale

18 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: Vicki Geiger, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 12054315
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 817 2nd Avenue built and last sold?
The property at 817 2nd Avenue was built in 1950 and last sold on Jun 15, 2016 for $130,000.
How much is this home worth?
The estimated value of the home located at 817 2nd Avenue is $215,084.
What are some comparable homes to 817 2nd Avenue?
There are currently no comparable homes to 817 2nd Avenue.
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