Make that move! 2.36 Acres on the much traveled Morgan Avenue with easy access to Interstate 57! Develop for many businesses or a large business that would need the entire area. Great location that you have been looking for and all in the TIF District. Approximate Lot Dimensions: 312.5x182.5x125x182.5x250x182.5x62.5x182.5.
Property Details
Property Features
Listing Office:
Office Name: DAVE THOMPSON REALTY
Office Phone: (618) 997-1111
Listing Agent: David Thompson
Exterior Features
Exterior Information:
Exterior: None
Lot Features
Lot Information:
Lot: Corner Lot, Level
Lot Size: 2.36 Acres
Other
Directions Information:
Directions: Russell from Route 13 to Morgan. West on Morgan to property on south side.
Price Information
Listing Price Info
Price Summary:
List Price: $349,000
Tax Information:
Annual Amount: $134
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Marion, IL.
This property is $163K more than the Median Sold Price in Marion, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: RMLSA
MLS Number: #EB449632
Listing Office:
Office Name: DAVE THOMPSON REALTY
Office Phone: (618) 997-1111
Listing Agent: David Thompson
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,809
Per Month
Principal & Interest
$1,742
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,113
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Lincoln Elementary School
400 Morningside Dr
Distance between this listing and this school1.27 miles
Public District Grades KG-5
8
/10
Washington Elementary School
420 E Main St
Distance between this listing and this school1.44 miles
Public District Grades KG-5
9
/10
Longfellow Elementary School
1400 W Hendrickson St
Distance between this listing and this school1.50 miles
Public District Grades KG-5
Nearby Schools
4
/10
Marion Jr High School
1609 W Main St
Distance between this listing and this school0.97 miles
Public District Grades 6-8
3
/10
Washington Middle School
100 E 12th St
Distance between this listing and this school5.53 miles
Public District Grades 5-8
8
/10
Herrin Middle School
700 S 14th St
Distance between this listing and this school5.72 miles
Public District Grades 6-8
Nearby Schools
4
/10
Marion High School
1501 S Carbon St
Distance between this listing and this school1.98 miles
Public District Grades 9-12
4
/10
Johnston City High School
1500 Jefferson Ave
Distance between this listing and this school5.79 miles
Public District Grades 9-12
5
/10
Herrin High School
700 N 10th St
Distance between this listing and this school6.21 miles
The neighbors living near this home have an average income of $34,964. The majority of Marion, IL residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1505 Morgan Ave
What is the listing price of this property?
The listing price of 1505 Morgan Ave property is $349,000.
What type of property is this?
The property 1505 Morgan Ave is land located in Marion, Illinois, 62959.
Is this property for sale now?
Active Listing: 1505 Morgan Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $134 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1505 Morgan Ave in Marion, IL and zip code 62959. This home sits on a 2.36 acre lot. It has been listed on Rocket Homes since July 06, 2023 and is currently priced at $349,000.
Over 5 listings were sold over their listed price in November 2024 in Marion, IL. In the same period over 22 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Marion, IL between October 2024 and November 2024 increased by 2.4%. In November 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $186,000.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Pro Wrestling
Pro Wrestling
Figure Skating
College Football
Family Dollar
Wal-Mart
Kmart
Dominos Pizza
Sonic
Bob Evans
Ford
Oldsmobile
Buick
New Country
Contemporary Inspirational