
Seller's Agent in 2024
Melissa Topolewski
Citypoint Illinois LLC
(630) 532-7659
2 in this area
13 Total Sales
Estimated Value: $374,000 - $407,000
Amazing opportunity to acquire a four-unit rowhouse in Joliet, IL, offering significant potential for value enhancement. The property comprises two 2-bedroom units and two 1-bedroom units, all currently in rentable condition, with minor deferred maintenance. A savvy investor can leverage the initial months' excess cashflow to address these maintenance items, subsequently boosting the property's value and rental rates. The existing rents are well below market rates. The property is owned by an Illinois licensed real estate broker. Situated in Joliet's coveted Cathedral District, renowned as one of the city's most desirable locations, the area benefits from a diverse blue-collar workforce, supported by two major casinos-Harrah's and Hollywood Casino. The Cathedral District has experienced a rise in rental prices, historic low vacancies, and a limited inventory, making it an attractive investment. Additionally, Will County's favorable tenant laws and lower property taxes have contributed to a thriving investment environment, with properties commanding cap rates around 6%.
Last Agent to Sell the Property
Citypoint Illinois LLC License #475209337 Listed on: 02/27/2024
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Carn Charles | $372,500 | Midwest Title And Closing Serv | |
Properties Midwest Llc | $540,000 | None Listed On Document | |
Bernhard Michael E | $133,000 | Greater Illinois Title Co | |
Dabulskis James R | $80,000 | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Carn Charles | $273,712 | |
Previous Owner | Properties Midwest Llc | $405,000 | |
Previous Owner | Bernhard Michael E | $175,000 | |
Previous Owner | Bernhard Michael E | $99,750 | |
Previous Owner | Kenny Patrick D | $134,925 | |
Previous Owner | Dabulskis James R | $103,000 | |
Previous Owner | Dabulskis James R | $22,000 | |
Previous Owner | Dabulskis James R | $80,300 | |
Previous Owner | Dabulskis James R | $76,000 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/19/2024 04/19/24 | Sold | $372,500 | -6.9% | -- |
02/27/2024 02/27/24 | Pending | -- | -- | -- |
02/27/2024 02/27/24 | For Sale | $400,000 | -- | -- |
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 |
---|---|---|---|---|
2023 | $8,060 | $85,500 | $12,350 | $73,150 |
2022 | $7,627 | $77,340 | $11,171 | $66,169 |
2021 | $6,788 | $72,233 | $10,433 | $61,800 |
2020 | $6,441 | $68,597 | $9,908 | $58,689 |
2019 | $6,126 | $63,752 | $9,208 | $54,544 |
2018 | $5,870 | $69,306 | $8,509 | $60,797 |
2017 | $6,509 | $63,011 | $7,736 | $55,275 |
2016 | $6,236 | $58,017 | $7,092 | $50,925 |
2015 | $6,008 | $54,400 | $6,650 | $47,750 |
2014 | $6,008 | $54,100 | $6,600 | $47,500 |
2013 | $6,008 | $57,353 | $7,344 | $50,009 |
Seller's Agent in 2024
Melissa Topolewski
Citypoint Illinois LLC
(630) 532-7659
2 in this area
13 Total Sales
Buyer's Agent in 2024
Ken Carn
Digital Realty
(630) 742-6789
3 in this area
182 Total Sales
Source: Midwest Real Estate Data (MRED)
MLS Number: 11990484
APN: 07-04-409-012