113 N Center St Joliet, IL 60435
Cathedral Area NeighborhoodEstimated payment $2,567/month
About This Home
Cash flow on day 1! Fully rented 5 studio apartment building near downtown Joliet and University of St. Francis. All 5 units updated within last 8 years and one brand new in 2024. Great turn-key investment with room for rents to grow! One unit can be shown to preapproved potential buyers; all units shown after contract accepted. Listing agent has small interest in property as previous manager.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,046
Year Built
- Built in 1910
Lot Details
- 5,466 Sq Ft Lot
- Lot Dimensions are 35x121x34x121
Interior Spaces
- 2,160 Sq Ft Home
- 3-Story Property
Utilities
- Window Unit Cooling System
- Heating Available
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $360
- Fuel Expense $1,200
- Insurance Expense $5,071
- Water Sewer Expense $3,831
- Operating Expense $17,508
- Gross Income $54,000
- Net Operating Income $36,492
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $7,046 | $84,125 | $7,523 | $76,602 |
| 2023 | $7,046 | $74,744 | $6,684 | $68,060 |
| 2022 | $6,668 | $67,611 | $6,046 | $61,565 |
| 2021 | $5,189 | $55,217 | $5,647 | $49,570 |
| 2020 | $4,923 | $52,438 | $5,363 | $47,075 |
| 2019 | $4,683 | $48,734 | $4,984 | $43,750 |
| 2018 | $4,487 | $45,032 | $4,605 | $40,427 |
| 2017 | $4,229 | $40,942 | $4,187 | $36,755 |
| 2016 | $4,052 | $37,700 | $3,839 | $33,861 |
| 2015 | -- | $35,350 | $3,600 | $31,750 |
| 2014 | -- | $35,200 | $3,600 | $31,600 |
| 2013 | -- | $37,237 | $3,979 | $33,258 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2025 10/30/25 | Pending | -- | -- | -- | |
| 10/27/2025 10/27/25 | Price Changed | $375,000 | -6.3% | $174 / Sq Ft | |
| 09/20/2025 09/20/25 | For Sale | $400,000 | +86.0% | $185 / Sq Ft | |
| 07/15/2021 07/15/21 | Sold | $215,000 | 0.0% | $100 / Sq Ft | View Prior Sale |
| 04/28/2021 04/28/21 | For Sale | -- | -- | -- | |
| 04/27/2021 04/27/21 | Pending | -- | -- | -- | |
| 04/18/2021 04/18/21 | For Sale | $215,000 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | New Title Company Name |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $393,750 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12476390
APN: 30-07-09-325-026
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