NOT LISTED FOR SALE

304 E Lincolnway Morrison, IL 61270

Estimated Value: $111,337 - $149,000

5 Beds
5 Baths
-- Sq Ft
0.5 Acres

Last Sold December 16, 2019

Last sale price $84,000

Est. 45% increase in value since last sale

Current estimated payment $828/month

97 Days on Market

About This Home

As of December 2019

SO MUCH POTENTIAL! This 5 unit apartment house sits on a spacious 1/2 acre lot with a 5 stall garage. Beautiful Red Italian and White and Black Marple fireplaces. Some plaster friezes around ceiling lights. Each unit is 1 bedroom and metered separately for electricity. The original staircase is still intact if you would like to restore back to a single family home, one level at a time. Located along Historic Lincoln highway.

Last Agent to Sell the Property

Barbara Kophamer

RE/MAX Sauk Valley License #471001500 Listed on: 03/13/2019

RE/MAX Sauk Valley

Last Buyer's Agent

Barbara Kophamer

RE/MAX Sauk Valley License #471001500 Listed on: 03/13/2019

RE/MAX Sauk Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • 1872

Lot Details

  • 0.5

Home Design

  • Brick Exterior Construction
  • Stucco Exterior

Community Details

  • Fuel Expense $2,268
  • Insurance Expense $1,500

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1872

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Water-Municipal
  • Estimated Age: Older
  • Net Operating Income Year: 2018
  • Net Oper Income: 15992
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 1000
  • Roof Coverings: Shingle Composition
  • Total Annual Exp: 9008
  • Total Annual Income: 25000
  • Total Monthly Income: 2075
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1872
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1872

Interior Features

  • Total Fireplaces: 2

Exterior Features

  • Exterior Building Type: Brick, Stucco
  • Acreage: 0.5
  • Frontage Access: US Highway

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Central Bldg Heat, Hot Water, Radiators
  • Water Expense: 4000

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 240

Lot Info

  • Lot Dimensions: 128X150X60X54X66X246
  • Lot Sq Ft: 21780
  • Land Amenities: Sidewalks
  • Parcel Identification Number: 09181320080000

Rental Info

  • Gross Rental Income: 25000
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 2268
  • Gross Rent Multiplier: 4
  • Insurance Expense: 1500

Tax Info

  • Taxes: 2954.46

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2019 12/16/19 Sold $84,000 -15.9% --
06/18/2019 06/18/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $99,900 -- --
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 $2,258 $33,683 $4,006 $29,677
2023 $2,060 $30,665 $3,647 $27,018
2022 $1,899 $28,478 $3,387 $25,091
2021 $1,839 $27,887 $3,317 $24,570
2020 $1,883 $28,416 $3,380 $25,036
2019 $0 $33,523 $7,600 $25,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10306167

Midwest Real Estate Data (MRED)

APN: 0918132011