NOT LISTED FOR SALE

1005 Quail Dr Morris, IL 60450

Estimated Value: $324,000 - $2,495,000

42 Beds
24 Baths
-- Sq Ft
68,825 Sq Ft Lot

Last Sold March 14, 2022

Last sale price $1,950,000

Est. 19% decrease in value since last sale

Current estimated payment $9,745/month

76 Days on Market

About This Home

As of March 2022

RARE FIND... 24-UNIT APARTMENT BUILDING FOR SALE. 18 UNITS ARE 2 BED 1 BATH, WHILE THE REMAINING 6 UNITS ARE 1 BEDROOM 1 BATH. ELECTRIC HEAT SYSTEM, NO GAS BILL. 32 PARKING SPOTS IN THE PARKING LOT. EXCELLENT INVESTMENT OPPORTUNITY!

Last Agent to Sell the Property

Mike Fleming

Marquette Properties, Inc License #475130622 Listed on: 11/17/2021

Co-Listed By

Ricardo Del Toro

Marquette Properties, Inc License #475188009

Last Buyer's Agent

Chenping Ni

Concentric Realty, Inc License #475174898

Concentric Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,075

Lot Details

  • 1.58

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 42 Bedrooms
  • 24 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • 24 Units

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,075

Lot Details

1.58 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Built Before 1978 (Y/N): No
  • Information: 48-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24
  • Total Bedrooms: 42
  • Room: 0

Exterior Features

  • Frontage Type: City Street

Utilities

  • Heat/Ventilation: Electric,Hot Water,Baseboard

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 0
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17
  • Tenancy Type: Leases,Month To Month

Multi Family

  • NumberOfUnitsTotal: 24
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15074.6
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Mar 14, 2022
Sold by
Ellis Enterprises Inc
Bought by
Pride Land Capital Llc-Series Iii
Seller's Agent
Mike Fleming
Marquette Properties, Inc
Buyer's Agent
Chenping Ni
Concentric Realty, Inc
Sold Price
$1,950,000
Current Estimated Value
$1,579,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$370,205
Avg. Annual Appreciation
-5.11%
Original Mortgage
$1,800,000
Outstanding Balance
$1,540,193
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$39,602
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Pride Land Capital Llc-Series Iii $1,950,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pride Land Capital Llc-Series Iii $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2022 03/14/22 Sold $1,950,000 -2.5% --
02/01/2022 02/01/22 Pending -- -- --
02/01/2022 02/01/22 For Sale -- -- --
11/22/2021 11/22/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $2,000,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,302 $233,856 $43,710 $190,146
2023 $17,237 $220,245 $41,166 $179,079
2022 $15,898 $203,141 $37,969 $165,172
2021 $15,247 $192,114 $35,908 $156,206
2020 $15,075 $187,209 $34,991 $152,218
2019 $14,209 $177,449 $33,167 $144,282
2018 $13,990 $174,008 $32,524 $141,484
2017 $13,166 $164,859 $30,814 $134,045
2016 $13,042 $163,566 $30,572 $132,994
2015 $12,233 $157,018 $29,348 $127,670
2014 $11,908 $152,920 $28,582 $124,338
2013 $12,105 $159,010 $29,720 $129,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11271947

Midwest Real Estate Data (MRED)

APN: 05-04-156-009

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