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Morris 60450
859 W Jackson Street
$190,000
● House - Off Market

859 W Jackson Street

Morris, IL 60450
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,106 Ft²
$1,032
Est. Monthly
15.28%
Cap Rate

About This Property

Multiple offers...highest and best by 3 pm 12-23-24. Great location and price for this Morris west side location! Many improvements in the last dozen years...siding, roof, many windows, insulation, central air, furnace, kitchen appliances, which all remain.  New flooring, updated bathrooms and much more! Great basement for additional living space or storage. Washer and dryer on lower level with wash tub. Electric has all been updated. 3 spacious bedrooms, 1 and 1/2 baths, large living and dining room combo, galley kitchen with lots of cabinets and a built in. You will love the vintage features in this home including arched doorways and original hardwood floors in 2 bedrooms.
Unit Size
1,106 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$172
HOA Dues
-
Year Built
1955

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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 #12258702)

Price History

Date / Event Date Event Price
Feb 12, 2025 Sold
Premium
Sold
Dec 25, 2024 In contract -
In contract
Dec 20, 2024 Listed by RE/MAX Top Properties $175,000
Listed by RE/MAX Top Properties

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 2,614
  • Total Building Area: 1,106
  • Gross Building Area: 1,106
  • Building Area: 1,106
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,106
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GORMLEYS SUBDIVISION
  • Land Acres: 0000000060
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GORMLEYS SUB N PT LTS 1 & 4 46.9' ON W LN LT 1 & 44.27' ON E LN LT 4 BLK 4 SEC 4-33-7

Neighborhood

  • School District Name: Morris School District 54
  • Census Tract: 000400

Geography

  • District: 12
  • Parcel: 05-04-376-002
  • Block: 4
  • Lot: 1,4
  • Meridian: SEC 04 TWN 33N RNG 07W
  • Municipality: MORRIS TOWNSHIP
  • Latitude: 41.3606
  • Longitude: -88.437

    Address

  • Full Address: 859 W Jackson St
  • Address - House Number: 859
  • Street Direction: W
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Morris
  • Carrier Code: C008
  • 4-Digit Zip Code: 1732
  • Zip Code: 60450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $253,134
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.2049
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 72
  • Final Value: 128,185
  • High Value: 154,460
  • Low Value: 101,909

    Market Valuation

  • Market Total Value: $97,032
  • Market Land Value: $18,246
  • Market Improvement Value: $78,786

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,344
  • Assessed Land Value: $6,082
  • Assessed Improvements Value: $26,262

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2015
  • Current Sale Recording Date: Aug 06, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 555909

    Financing

  • First Mortgage Financing Type: UNK
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: 2 years ago
Data Source: MRED, MLS# 12258702
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 859 West Jackson Street built and last sold?
The property at 859 West Jackson Street was built in 1955 and last sold on Jul 31, 2015 for $75,000.
How much is this home worth?
The estimated value of the home located at 859 West Jackson Street is $178,174.
What are some comparable homes to 859 West Jackson Street?
There are currently no comparable homes to 859 West Jackson Street.
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