NOT LISTED FOR SALE

924 E Benton St Morris, IL 60450

Estimated Value: $362,000 - $736,000

10 Beds
6 Baths
-- Sq Ft
0.31 Acres

Last Sold July 21, 2022

Last sale price $615,000

Est. 6% decrease in value since last sale

Current estimated payment $4,111/month

1 Day on Market

About This Home

As of July 2022

MULTIPLE OFFERS RECEIVED - ATTENTION INVESTORS - RARE OPPORTUNITY! This extremely well maintained 6 unit building is now for sale. Included are 4-2 bedroom apartments with spacious living, kitchen furnished with refrigerator, stove & dishwasher and each 2 bedroom has a private balcony. There are 2-1 bedroom apartments, also with generous living and kitchen furnished with refrigerator and stove. Off street parking in back includes outdoor spaces, along with a detached 2 car and 3 car garage. Convenient on-site coin operated laundry for each unit. All tenants are MTM and pay all utilities. Many updates including new roof in 2019.

Last Agent to Sell the Property

Tom Wawczak

Century 21 Coleman-Hornsby License #471022849 Listed on: 05/25/2022

Century 21 Coleman-Hornsby

Last Buyer's Agent

Teresa Kief

Century 21 Coleman-Hornsby License #475177786

Century 21 Coleman-Hornsby

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,224

Year Built

  • Built in 1992

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x133.75

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 6 Units
  • Gross Income $62,400

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer, water, hot water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,224

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1992
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplaces: 6
  • Drive-In Doors: 0
  • Dishwashers: 4
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 625000
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding
  • Misc Outside: Balcony/ies

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.31
  • Lot Dimensions: 100X133.75
  • Zoning: COMMR
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer, Water, Hot Water
  • Board Number: 17
  • Tenancy Type: Month To Month

Multi Family

  • GrossIncome: 62400
  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10224.3
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jul 8, 2022
Sold by
Midwest Bank
Bought by
Jc Southmor Properties Llc
Seller's Agent
Tom Wawczak
Century 21 Coleman-Hornsby
Buyer's Agent
Teresa Kief
Century 21 Coleman-Hornsby
List Price
$625,000
Sold Price
$615,000
Premium/Discount to List
-$10,000
-1.6%
Current Estimated Value
$580,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,756
Avg. Annual Appreciation
-1.81%
Original Mortgage
$461,250
Outstanding Balance
$439,355
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$140,889
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jc Southmor Properties Llc $615,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jc Southmor Properties Llc $461,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $615,000 -1.6% --
05/29/2022 05/29/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $625,000 -- --
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 $12,273 $156,823 $17,502 $139,321
2023 $11,559 $147,695 $16,483 $131,212
2022 $10,661 $136,225 $15,203 $121,022
2021 $10,224 $128,830 $14,378 $114,452
2020 $10,109 $125,541 $14,011 $111,530
2019 $9,529 $118,997 $13,281 $105,716
2018 $9,381 $116,689 $13,023 $103,666
2017 $8,829 $110,553 $12,338 $98,215
2016 $8,746 $109,686 $12,241 $97,445
2015 $8,203 $105,295 $11,751 $93,544
2014 $7,985 $102,546 $11,444 $91,102
2013 $8,117 $106,630 $11,900 $94,730
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11416732

Midwest Real Estate Data (MRED)

APN: 05-03-404-025