NOT LISTED FOR SALE

1022-1024 Oriole Dr Morris, IL 60450

Estimated Value: $250,000 - $373,229

6 Beds
2 Baths
-- Sq Ft
0.4 Acres

Last Sold August 19, 2024

Last sale price $350,000

Est. 6% decrease in value since last sale

Current estimated payment $2,435/month

42 Days on Market

Highlights

  • Multiple Garages
  • 2 Car Attached Garage
  • Shed
  • Ranch Style House
  • Patio
  • Forced Air Heating System

About This Home

As of August 2024

Looking to enhance your investment portfolio with rental property? This sturdy 2-unit brick duplex situated on the west side of Morris, conveniently close to grade and high schools, presents an excellent opportunity. Whether you choose to rent out both units or reside in one while leasing the other to offset the mortgage, this property offers versatility. Featuring a maintenance-free All-Brick exterior, each unit comprises 3 bedrooms, comes equipped with appliances, gas-forced heat, central A/C, in-unit laundry facilities, and a concrete patio area. The spacious backyard adorned with numerous trees provides ample shade, complemented by a shed for housing lawn equipment and other necessities. Tenants are responsible for all utilities. Notably, the tenant in Unit 1024 has resided there for approximately 15 years and is interested in continuing their lease, currently secured until April 2025.

Last Agent to Sell the Property

Jim Maskel

Advantage Realty, Inc. License #475123523 Listed on: 06/06/2024

Last Buyer's Agent

Lorrie Toler

Keller Williams Infinity License #475171621

Keller Williams Infinity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,140

Year Built

  • Built in 1981

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 137.5 x 150
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio
  • Shed

Schools

  • Morris Grade Elementary And Middle School
  • Morris Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,140

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1981
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 359000
  • Lot Features: Level, Sidewalks, Streetlights
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Off Street, Driveway
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Morris Grade School
  • High School: Morris Community High School
  • Middle/Junior School: Morris Grade School
  • Middle/Junior School District: 54

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.4
  • Lot Dimensions: 137.5 X 150
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 26400
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s,Duplex Side by Side

Tax Info

  • Tax Annual Amount: 7139.54
  • Tax Year: 2022
  • Tax Exemptions: None

MLS Schools

  • Other Public Sch Dist: 525
  • Othr Public Sch: JJC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Aug 19, 2024
Sold by
Vanderploeg Dennis E and Vanderploeg Karen
Bought by
Ochoa Alejandro Padilla and Franco Yesenia
Seller's Agent
Jim Maskel
Advantage Realty, Inc.
Buyer's Agent
Lorrie Toler
Keller Williams Infinity
List Price
$359,000
Sold Price
$350,000
Premium/Discount to List
-$9,000
-2.51%
Views
39
Current Estimated Value
$328,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,193
Avg. Annual Appreciation
-5.38%
Original Mortgage
$332,500
Interest Rate
6.17%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ochoa Alejandro Padilla $350,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ochoa Alejandro Padilla $332,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2024 08/19/24 Sold $350,000 -2.5% --
07/16/2024 07/16/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $359,000 0.0% --
06/12/2024 06/12/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $359,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $8,219 $105,019 $26,576 $78,443
2023 $7,741 $98,906 $25,029 $73,877
2022 $7,140 $91,225 $23,085 $68,140
2021 $6,847 $86,273 $21,832 $64,441
2020 $6,770 $84,071 $21,275 $62,796
2019 $6,381 $79,688 $20,166 $59,522
2018 $5,690 $70,770 $19,775 $50,995
2017 $5,355 $67,049 $18,735 $48,314
2016 $5,304 $66,523 $18,588 $47,935
2015 $4,975 $63,860 $17,844 $46,016
2014 $4,843 $62,193 $17,378 $44,815
2013 $4,923 $64,670 $18,070 $46,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12073721

Midwest Real Estate Data (MRED)

APN: 05-04-157-008