NOT LISTED FOR SALE

723 E Illinois Ave Morris, IL 60450

Estimated Value: $294,000 - $356,409

8 Beds
3 Baths
-- Sq Ft
0.28 Acres

Last Sold February 06, 2018

Last sale price $222,500

Est. 50% increase in value since last sale

Current estimated payment $2,318/month

105 Days on Market

Highlights

  • Waterfront
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Screened Porch
  • Patio
  • Heating System Uses Steam

About This Home

As of February 2018

Great investment opportunity! You can own this 3 unit on the I & M canal! Take advantage of this rare opportunity in the Morris area! The 2 car garage rents out for $125... fenced yard and cabin have been used by the main floor 3 bed room unit. Maintenance free siding and newer windows! Upstairs unit has washer and dryer and central air. Washer and Dryer in the basement as well. Some newer carpet & paint in up and down unit. Main floor 2 br is mo/mo. Walk to shopping... in a residential area. All dimensions are approximate.

Last Agent to Sell the Property

Erin Stuedemann

Coldwell Banker Real Estate Group License #475141525 Listed on: 09/13/2017

Coldwell Banker Real Estate Group

Last Buyer's Agent

Julie McElyea

RE/MAX Hometown Properties License #471018716

RE/MAX Hometown Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,356

Year Built

  • Built in 1900 | Remodeled in 2015

Lot Details

  • Lot Dimensions are 81x165x84x142
  • Waterfront

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,356

Year Built

Built in 1900 | Remodeled in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Patio, Porch Screened
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Lot Dimensions: 81X165X84X142
  • Zoning: MULTI
  • Lot Size: .50-.99 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 4355.76
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Jan 30, 2018
Sold by
Taylor Jeffrey A and Taylor Shawn K
Bought by
Manivong Louis
Seller's Agent
Erin Stuedemann
Coldwell Banker Real Estate Group
Buyer's Agent
Julie McElyea
RE/MAX Hometown Properties
List Price
$230,000
Sold Price
$222,500
Premium/Discount to List
-$7,500
-3.26%
Current Estimated Value
$334,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,102
Avg. Annual Appreciation
5.32%
Original Mortgage
$166,875
Outstanding Balance
$143,531
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$191,071
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Manivong Louis $222,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manivong Louis $166,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2018 02/06/18 Sold $222,500 -3.3% --
12/27/2017 12/27/17 Pending -- -- --
09/13/2017 09/13/17 For Sale $230,000 -- --
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 $6,784 $86,684 $18,209 $68,475
2023 $6,389 $81,639 $17,149 $64,490
2022 $5,893 $75,299 $15,817 $59,482
2021 $5,652 $71,211 $14,958 $56,253
2020 $5,588 $69,393 $14,576 $54,817
2019 $5,267 $65,775 $13,816 $51,959
2018 $5,186 $64,499 $13,548 $50,951
2017 $4,401 $61,108 $12,836 $48,272
2016 $4,356 $60,629 $12,735 $47,894
2015 $4,061 $58,202 $12,225 $45,977
2014 $3,947 $56,683 $11,906 $44,777
2013 $4,030 $58,940 $12,380 $46,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09750278

Midwest Real Estate Data (MRED)

APN: 05-10-128-004