NOT LISTED FOR SALE

Estimated Value: $797,603

12 Beds
6 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: April 27, 2022

Last sale price $620,000

Est. 29% increase in value since last sale

Current estimated payment $5,357 / mo

17 Days on Market

About This Home

As of April 2022

Great Turn-key investment! Fully-rented 6 unit with two newly updated units. All units are 2 bedroom, 1.5 bath townhome-style with basements. Private parking, close to downtown Joliet, shopping, restaurants, and interstate 80. Rents include heat, water and garbage. Building is section 8 certified. Please email or call for additional information or questions. One unit can be shown by appointment; remaining units accessible with contract. Great 1031 exchange opportunity.

Last Agent to Sell the Property

Jeff Jakob

Coldwell Banker Real Estate Group License #475176651 Listed on: 02/08/2022

Coldwell Banker Real Estate Group

Last Buyer's Agent

Teddy Dow

Coldwell Banker Real Estate Group License #475158436

Coldwell Banker Real Estate Group
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,653

Year Built

  • Built in 1971

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 121.6x84.4x131x87.7

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $201
  • Fuel Expense $3,329
  • Insurance Expense $2,998
  • Trash Expense $819
  • Water Sewer Expense $3,656
  • Operating Expense $11,003
  • Gross Income $86,892
  • Net Operating Income $74,089

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,653

Year Built

Built in 1971

Lot Details

0.25 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required,Leases Avaliable
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick,Cedar

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Heat/Ventilation: Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 819
  • Water Sewer Expenses: 3656
  • Operating Expense Includes: Fuel,Insurance,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 121.6X84.4X131X87.7
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 74089
  • Fuel Expense: 3329
  • Insurance Expense: 2998
  • ElectricExpense: 201
  • GrossIncome: 86892
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11003
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 13653.4
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2023
Sold by
Bought by
Current Estimated Value
$797,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$213,926
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$583,677

Purchase Details

Listed on
Feb 8, 2022
Closed on
Apr 26, 2022
Sold by
Bought by
Seller's Agent
Jeff Jakob
Coldwell Banker Real Estate Group
Buyer's Agent
Teddy Dow
Coldwell Banker Real Estate Group
Sold Price
$620,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$465,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 8, 2020
Closed on
Nov 13, 2020
Sold by
Bought by
Seller's Agent
Philip Howell
RE/MAX Top Properties
Buyer's Agent
Jeff Jakob
Coldwell Banker Real Estate Group
List Price
$498,500
Sold Price
$470,000
Premium/Discount to List
-$28,500
-5.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.05%
Original Mortgage
$1,046,250
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 22, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 22, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 1995
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$685,000 Fidelity National Title
$620,000 Gatses Law Firm
$470,000 Fidelity National Title Ins
-- Attorney
-- Multiple
$395,000 Chicago Title Insurance Co
$395,000 --
-- Chicago Title Insurance Co
$300,000 --
$226,000 --
-- --
$195,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $435,000
Previous Owner $465,000
Previous Owner $1,046,250
Previous Owner $790,000
Previous Owner $830,000
Previous Owner $364,000
Previous Owner $718,000
Previous Owner $310,000
Previous Owner $270,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2022 04/27/22 Sold $620,000 0.0% --
03/02/2022 03/02/22 Pending -- -- --
03/02/2022 03/02/22 For Sale -- -- --
02/17/2022 02/17/22 For Sale -- -- --
02/16/2022 02/16/22 Off Market $620,000 -- --
02/16/2022 02/16/22 Pending -- -- --
02/13/2022 02/13/22 For Sale $626,000 +33.2% --
11/13/2020 11/13/20 Sold $470,000 -5.7% -- View Prior Sale
09/16/2020 09/16/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $498,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,678 $145,419 $52,395 $93,024
2023 $12,180 $145,419 $52,395 $93,024
2022 $13,430 $145,419 $52,395 $93,024
2021 $13,666 $145,419 $52,395 $93,024
2020 $13,653 $145,419 $52,395 $93,024
2019 $13,974 $145,419 $52,395 $93,024
2018 $14,490 $145,419 $52,395 $93,024
2017 $15,021 $145,419 $52,395 $93,024
2016 $15,630 $145,419 $52,395 $93,024
2015 -- $145,419 $52,395 $93,024
2014 -- $145,419 $52,395 $93,024
2013 -- $145,419 $52,395 $93,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11320620

Midwest Real Estate Data (MRED)

APN: 30-07-09-324-026

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