NOT LISTED FOR SALE

760 E Main St Morris, IL 60450

Estimated Value: $222,000 - $239,000

4 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold July 14, 2023

Last sale price $199,000

Est. 14% increase in value since last sale

Current estimated payment $1,531/month

70 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Multiple Water Heaters
  • Enclosed Patio or Porch

About This Home

As of July 2023

Investment Opportunity!! This well maintained 2-unit has been totally updated and waiting for its new owners. Each unit has separate entrances and the utilities are metered separately allowing the tenants to pay all their own utilities. Unit 1 is a 3 bedroom/1 bath home with a large enclosed porch currently being used as a laundry room. This unit features a large living room and a separate dining room. This tenant has a lease expiring 3/24. Unit 2 is 1 bedroom/1 bath home. This tenant is on a month to month lease. Furnaces & water heaters 2017/Roof 2021. Home is being sold As Is.

Last Agent to Sell the Property

Tana Nordaker

RE/MAX Top Properties License #475122501 Listed on: 03/16/2023

RE/MAX Top Properties

Last Buyer's Agent

Jillian Alexander

Century 21 Circle License #475178064

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,202

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x135
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,202

Year Built

Built in 1900

Lot Details

0

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: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Sump Pump, Multiple Water Heaters, Water Heater-Electric
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished,Crawl
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 220000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

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

  • Middle/Junior School District: 54

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X135
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3202
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jun 24, 2023
Sold by
First National Bank Of Manhattan
Bought by
Tolson Shawn
Seller's Agent
Tana Nordaker
RE/MAX Top Properties
Buyer's Agent
Jillian Alexander
Century 21 Circle
List Price
$220,000
Sold Price
$199,000
Premium/Discount to List
-$21,000
-9.55%
Views
231
Current Estimated Value
$227,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,452
Avg. Annual Appreciation
6.18%
Original Mortgage
$195,395
Outstanding Balance
$190,504
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$36,948

Purchase Details

Listed on
Feb 1, 2016
Closed on
Sep 7, 2016
Sold by
Horton Darren
Bought by
Grundy Bank Trust #1384
Seller's Agent
William Moncrief
CRIS REALTY
Buyer's Agent
Joanne Gretencord
RE/MAX Top Properties
List Price
$109,000
Sold Price
$75,000
Premium/Discount to List
-$34,000
-31.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.31%
Original Mortgage
$60,000
Interest Rate
3.45%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Tolson Shawn $199,000 Chicago Title
Grundy Bank Trust #1384 $75,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tolson Shawn $195,395
Previous Owner Grundy Bank Trust #1384 $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2023 07/14/23 Sold $199,000 -9.5% --
05/26/2023 05/26/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $220,000 +193.3% --
09/07/2016 09/07/16 Sold $75,000 -11.7% -- View Prior Sale
08/04/2016 08/04/16 Pending -- -- --
05/18/2016 05/18/16 Price Changed $84,900 -4.6% --
02/29/2016 02/29/16 Price Changed $89,000 -18.3% --
02/01/2016 02/01/16 For Sale $109,000 -- --
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 $3,844 $49,122 $10,237 $38,885
2023 $3,621 $46,263 $9,641 $36,622
2022 $3,339 $42,670 $8,892 $33,778
2021 $3,203 $40,353 $8,409 $31,944
2020 $3,166 $39,322 $8,194 $31,128
2019 $2,985 $37,272 $7,767 $29,505
2018 $2,938 $36,549 $7,616 $28,933
2017 $2,765 $34,628 $7,216 $27,412
2016 $2,739 $34,356 $7,159 $27,197
2015 $2,569 $32,980 $6,872 $26,108
2014 $2,501 $32,120 $6,693 $25,427
2013 $2,543 $33,400 $6,960 $26,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11738890

Midwest Real Estate Data (MRED)

APN: 05-03-378-027