NOT LISTED FOR SALE

109 N Center St Unit ST111 Joliet, IL 60435

Cathedral Area Neighborhood

Estimated Value: $317,000 - $356,000

5 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $290,000

Est. 16% increase in value since last sale

Current estimated payment $2,222/month

24 Days on Market

About This Home

As of August 2023

Fully occupied four unit building is ready for a new investor. Many tenants have been in the building long term. Laundry room is in the back of the lower level accessible to only that unit, washer and dryer owned by tenant. New roof 2017, new large water heater 2019. Tenants pay gas and electric, landlord pays water. 4 year certificate with Joliet expires in 2026.

Last Agent to Sell the Property

Stacie McGlone

Always Home Real Estate Services LLC License #471018578 Listed on: 03/03/2023

Last Buyer's Agent

Matt Lysien

Suburban Life Realty, Ltd License #471003181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,804

Year Built

  • Built in 1918

Lot Details

  • Lot Dimensions are 35x120
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Partial Basement

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Water Sewer Expense $3,000
  • Gross Income $37,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,804

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1918
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • List Price: 301000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 3000

Schools

  • Middle/Junior School District: 86

Lot Info

  • Lot Dimensions: 35X120
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Other

Multi Family

  • GrossIncome: 37020
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8803.58
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
Aug 11, 2023
Sold by
Ounanian Michael Joseph
Bought by
Newday Apartments Llc
Seller's Agent
Stacie McGlone
Always Home Real Estate Services LLC
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$301,000
Sold Price
$290,000
Premium/Discount to List
-$11,000
-3.65%
Total Days on Market
24
Views
141
Current Estimated Value
$335,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,935
Avg. Annual Appreciation
8.61%
Original Mortgage
$217,500
Outstanding Balance
$213,499
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$122,436

Purchase Details

Listed on
Jan 30, 2018
Closed on
Apr 11, 2018
Sold by
Chicago Title Land Trust Company
Bought by
Ounanian Michael Joseph
Seller's Agent
Jacqueline Wortman
RDG Real Estate LLC
Buyer's Agent
Stacie McGlone
Always Home Real Estate Services LLC
List Price
$229,000
Sold Price
$227,000
Premium/Discount to List
-$2,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%
Original Mortgage
$222,888
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 7, 2014
Closed on
Mar 28, 2014
Sold by
U S Bank National Association
Bought by
Chicago Title Land Trust 8002360077
Seller's Agent
Jeff Mrozek
Crosstown Realtors, Inc.
Buyer's Agent
Emelin Brown
Realty of America, LLC
List Price
$79,900
Sold Price
$109,000
Premium/Discount to List
$29,100
36.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.47%

Purchase Details

Closed on
Oct 7, 2013
Sold by
Hernandez Gregorio
Bought by
Us Bank Na and The Assest Backed Securities Corporation

Purchase Details

Closed on
Jan 23, 2013
Sold by
Hernandez Gregorio
Bought by
U S Bank Na

Purchase Details

Closed on
Jul 19, 2004
Sold by
First National Bank Of Manhattan
Bought by
Hernandez Gregorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
8.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Newday Apartments Llc $290,000 Citywide Title
Ounanian Michael Joseph $227,000 Chicago Title Land Trust Co
Chicago Title Land Trust 8002360077 $109,000 Fidelity National Title
Us Bank Na -- None Available
U S Bank Na $173,640 None Available
Hernandez Gregorio $221,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newday Apartments Llc $217,500
Previous Owner Ounanian Michael Joseph $222,888
Previous Owner Hernandez Gregorio $193,000
Previous Owner Hernandez Gregorio $178,500
Previous Owner Hernandez Gregorio $176,800
Previous Owner First National Bank Of Manhattan $420,000
Previous Owner First National Bank Of Manhattan $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $290,000 -3.7% --
03/28/2023 03/28/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $301,000 +32.6% --
04/13/2018 04/13/18 Sold $227,000 -0.9% --
02/26/2018 02/26/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $229,000 +110.1% --
05/07/2014 05/07/14 Sold $109,000 +36.4% --
03/18/2014 03/18/14 Pending -- -- --
03/07/2014 03/07/14 For Sale $79,900 -- --
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
2023 $10,453 $110,881 $6,684 $104,197
2022 $9,263 $100,299 $6,046 $94,253
2021 $8,804 $93,676 $5,647 $88,029
2020 $8,353 $88,961 $5,363 $83,598
2019 $7,945 $82,677 $4,984 $77,693
2018 $7,612 $76,397 $4,605 $71,792
2017 $6,854 $66,350 $4,187 $62,163
2016 $6,568 $61,110 $3,839 $57,271
2015 $6,336 $57,300 $3,600 $53,700
2014 $6,336 $57,050 $3,600 $53,450
2013 $6,336 $60,227 $3,979 $56,248
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11705491

Midwest Real Estate Data (MRED)

APN: 30-07-09-325-027