End-Unit Residential Income
665 Morris Court Unit -, Lakemoor, IL 60051
For Sale
$225,000
The two-bedroom, two-bath layout includes an attached garage and an open living area.
Property Size1,510 SF
Price / SF$149.01
Days on Market55
Property Features for 665 Morris Court Unit -
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
paths
parks
pond
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Plaza
(847) 363-8054
Listed By:
Catherine Burley
Source:
Payesregroup
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 8 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Plaza
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Investment Insights
Based on property information with market context.
This 1,510-square-foot end-unit townhome was built in 2004 and offers two bedrooms and two full bathrooms. The living room has a vaulted ceiling and connects with the eat-in kitchen, which includes a large pantry closet. The primary suite has a full bath, a walk-in closet, and a second closet. An attached two-car garage is also included.
The home sits beside a wooded area and walking path. Neighborhood amenities include additional paths, parks, and a pond. Route 12 and Route 120 corridors are nearby, along with shopping and dining options.
The home sits beside a wooded area and walking path. Neighborhood amenities include additional paths, parks, and a pond. Route 12 and Route 120 corridors are nearby, along with shopping and dining options.
Key Highlights
- End‑unit townhome with 1,510 square feet
- Two bedrooms and two full bathrooms
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,280
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,600
$265.6K
Cap Rate 7%
$189,714
$189.7K
Cap Rate 9%
$147,556
$147.6K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$26.3K $17.40/SF
− Vacancy
−$2.1K −$1.41/SF
EGI
$24.1K $15.99/SF
− OpEx
−$10.9K −$7.20/SF
NOI
$13.3K $8.79/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,600
Cap Rate 7%
$189,714
Cap Rate 9%
$147,556
Alternative Uses
Best Use
Apartment 5plus
$189.7K
$166.0K – $221.3K
NOI $13,280 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.7K
$360.3K – $480.4K
NOI $28,822 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 60051, IL
24,649
Population
10,210
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
33.2 sq mi
ZIP Area
742
Density / Sq Mi
$104,227
Median Household Income
$53,527
Median Earnings
$1,665
Median Rent
$268,000
Median Home Value
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Market
Properties on Market for Residential income properties in McHenry County
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath layout includes an attached garage and an open living area.
Where is this residential income property located?
The property is located at 665 Morris Court Unit - Lakemoor, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: End‑unit townhome with 1,510 square feet; Two bedrooms and two full bathrooms; Attached two‑car garage
