1123 Oakland Ave Joliet, IL 60435
Cunningham NeighborhoodEstimated Value: $312,698
6
Beds
5
Baths
4,000
Sq Ft
$78/Sq Ft
Est. Value
About This Home
As of June 2022This is a steal at this price! Rare opportunity. ALL BRICK 5 unit with a 4 car garage and 5 additional off street parking spaces. Fully rented. All units are now month to month. Same owner for almost 30 years so rents are below market. Basement unit has discount rent for managing building. City of Joliet Inspection Certificate under additional information tab. Seller will be leaving the area and is highly motivated.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,057
Year Built
- Built in 1943
Lot Details
- Lot Dimensions are 51x132
Home Design
- Brick Exterior Construction
Interior Spaces
- 4,000 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, hot water
Community Details
Overview
- 5 Units
Building Details
- Fuel Expense $1,000
- Insurance Expense $3,000
- Maintenance Expense $1,000
- Water Sewer Expense $2,500
- Operating Expense $15,000
- Gross Income $41,100
- Net Operating Income $26,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2022
Closed on
Jun 30, 2022
Sold by
Vanbui Minh D and Vanbui Thutrang D
Bought by
Aum Holdings Llc
Seller's Agent
Kenneth Saieg
Metro Realty Group
Buyer's Agent
John Warren
Forte Properties, Inc.
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Total Days on Market
116
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,698
Avg. Annual Appreciation
1.43%
Purchase Details
Closed on
Mar 18, 1998
Sold by
Vanbui Mihn Van and Nguyen Hoang M
Bought by
Vanbui Minh Van and Bui Thutrang D
Purchase Details
Closed on
Jun 30, 1993
Bought by
Bui Minh Van Thu
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Similar Home in Joliet, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aum Holdings Llc | $300,000 | Fidelity National Title | |
| Vanbui Minh Van | -- | -- | |
| Bui Minh Van Thu | $139,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vanbui Minh Van | $71,000 | |
| Previous Owner | Vanbui Minh Van | $400,000 | |
| Previous Owner | Vanvanbui Minh Van | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2022 06/30/22 | Sold | $300,000 | -11.7% | $75 / Sq Ft |
| 06/13/2022 06/13/22 | Pending | -- | -- | -- |
| 06/02/2022 06/02/22 | Price Changed | $339,900 | -2.9% | $85 / Sq Ft |
| 05/23/2022 05/23/22 | For Sale | $350,000 | 0.0% | $88 / Sq Ft |
| 03/19/2022 03/19/22 | Pending | -- | -- | -- |
| 03/15/2022 03/15/22 | Price Changed | $350,000 | -12.3% | $88 / Sq Ft |
| 03/15/2022 03/15/22 | For Sale | $398,900 | +33.0% | $100 / Sq Ft |
| 03/09/2022 03/09/22 | Off Market | $300,000 | -- | -- |
| 02/16/2022 02/16/22 | For Sale | $398,900 | -- | $100 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $10,076 | $106,881 | $14,578 | $92,303 |
| 2022 | $8,929 | $96,681 | $13,187 | $83,494 |
| 2021 | $8,486 | $90,297 | $12,316 | $77,981 |
| 2020 | $8,051 | $85,752 | $11,696 | $74,056 |
| 2019 | $7,658 | $79,695 | $10,870 | $68,825 |
| 2018 | $7,338 | $73,641 | $10,044 | $63,597 |
| 2017 | $6,296 | $66,953 | $9,132 | $57,821 |
| 2016 | $5,981 | $61,644 | $8,372 | $53,272 |
| 2015 | $5,719 | $57,800 | $7,850 | $49,950 |
| 2014 | $5,719 | $57,500 | $7,800 | $49,700 |
| 2013 | $5,719 | $60,964 | $8,646 | $52,318 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Saieg
K
Seller's Agent in 2022
Kenneth Saieg
Metro Realty Group
(815) 474-9496
4 in this area
17 Total Sales
-
John Warren
Buyer's Agent in 2022
John Warren
Forte Properties, Inc.
(847) 894-2433
1 in this area
258 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11326091
APN: 07-04-302-013
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