NOT LISTED FOR SALE

723 E Jefferson St Morris, IL 60450

Estimated Value: $216,000 - $275,000

4 Beds
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold July 15, 2024

Last sale price $225,000

Est. 8% increase in value since last sale

Current estimated payment $1,623/month

19 Days on Market

Highlights

  • Ranch Style House
  • Shed
  • Paved or Partially Paved Lot
  • Patio
  • Forced Air Heating System

About This Home

As of July 2024

Are you seeking to expand your portfolio with rental properties? This 2-unit property presents an excellent opportunity, all on one lot. Rent out both units for optimal returns, or reside in one while leasing the other to offset the mortgage. Enjoy the convenience of maintenance-free exteriors and replacement windows in both homes. The front unit features a full basement with a shower, while the rear unit offers parking accessible from the alley and sits on a crawl space. Each unit comes with appliances, gas-forced heat, central A/C, patio areas, and a shed. Tenants are responsible for all utilities. This is an estate sale, being sold As-Is.

Last Agent to Sell the Property

Jim Maskel

Advantage Realty, Inc. License #475123523 Listed on: 05/20/2024

Last Buyer's Agent

Jeannie Autry

Leverage Investments, LLC License #471010014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,690

Year Built

  • Built in 1945

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45 x 127
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Alley Access
  • Off Alley Parking
  • Parking Included in Price

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

Community Details

  • 2 Units
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,690

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1945
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Block
  • Lot Features: Sidewalks, Streetlights
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 2
  • Parking Features: Off Alley, Alley Access
  • ParkingTotal: 2
  • Parking: 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
  • Conversion YN: N

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 45 X 127
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • GrossIncome: 22200
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 3690.5
  • Tax Year: 2022
  • Tax Exemptions: None

MLS Schools

  • Other Public Sch Dist: 525

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jul 15, 2024
Sold by
Kenney Lawrence L
Bought by
Autry Alexandra Oshea
Seller's Agent
Jim Maskel
Advantage Realty, Inc.
Buyer's Agent
Jeannie Autry
Leverage Investments, LLC
List Price
$235,850
Sold Price
$225,000
Premium/Discount to List
-$10,850
-4.6%
Views
23
Current Estimated Value
$242,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,893
Avg. Annual Appreciation
5.46%
Original Mortgage
$213,750
Outstanding Balance
$211,437
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$31,456
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
Autry Alexandra Oshea $225,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Autry Alexandra Oshea $213,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2024 07/15/24 Sold $225,000 -4.6% --
06/05/2024 06/05/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $235,850 -- --
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 $4,249 $54,286 $9,223 $45,063
2023 $4,001 $51,126 $8,686 $42,440
2022 $3,690 $47,155 $8,011 $39,144
2021 $3,539 $44,595 $7,576 $37,019
2020 $3,499 $43,457 $7,383 $36,074
2019 $3,298 $41,191 $6,998 $34,193
2018 $3,247 $40,392 $6,862 $33,530
2017 $3,056 $38,268 $6,501 $31,767
2016 $3,027 $37,968 $6,450 $31,518
2015 $1,458 $36,448 $6,192 $30,256
2014 $1,382 $35,496 $6,030 $29,466
2013 $1,405 $36,910 $6,270 $30,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12026745

Midwest Real Estate Data (MRED)

APN: 05-03-378-006