NOT LISTED FOR SALE

1005 Quail Dr Morris, IL 60450

Morris Area

Estimated Value: $356,000 - $1,974,688

42 Beds
24 Baths
-- Sq Ft
1.58 Acre Lot

Sale Details

Date Sold: March 14, 2022

Last sale price $1,950,000

Est. 42% decrease in value since last sale

Current estimated payment $6,352 / mo

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Mike Fleming
Marquette Properties, Inc
Buyer's Agent
Chenping Ni
Concentric Realty, Inc
Sold Price
$1,950,000
Current Estimated Value
$1,123,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$826,771
Avg. Annual Appreciation
-11.66%
Original Mortgage
$1,800,000
Outstanding Balance
$1,516,370
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
-$393,141
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,950,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,800,000
Previous Owner Ellis Enterprises Inc $5,170,265
Previous Owner Ellis Enterprises Inc $7,962,420
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,689 $342,632 $137,048 $205,584
2025 $4,689 $335,914 $134,361 $201,553
2024 $4,537 $329,328 $131,727 $197,601
2023 $4,446 $322,872 $129,145 $193,727
2022 $4,465 $316,542 $126,613 $189,929
2021 $4,381 $310,336 $124,131 $186,205
2020 $4,296 $307,155 $122,859 $184,296
2019 $4,252 $301,133 $120,450 $180,683
2018 $4,142 $295,230 $118,089 $177,141
2017 $4,090 $289,442 $115,774 $173,668
2016 $3,858 $283,767 $113,504 $170,263
2015 $3,800 $279,506 $111,800 $167,706
2014 $3,612 $274,031 $109,610 $164,421
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11271947

Midwest Real Estate Data (MRED)

APN: 05-04-156-009

Your Personal Tour Guide

Ask me questions while you tour the home.