NOT LISTED FOR SALE

1005 Quail Dr Morris, IL 60450

Estimated Value: $350,000 - $2,209,714

42 Beds
24 Baths
-- Sq Ft
1.58 Acres Lot

Sale Details

Date Sold: March 14, 2022

Last sale price $1,950,000

Est. 33% decrease in value since last sale

Current estimated payment $8,579 / 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

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
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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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