1516 E Washington St Joliet, IL 60433
Southeast Joliet NeighborhoodEstimated payment $1,670/month
Highlights
- Wood Flooring
- Living Room
- Central Air
- Home Office
- Laundry Room
- Dining Room
About This Home
Charming 2-Story Home with Investment Potential in Prime Location! This beautifully rehabbed 2-story home offers the perfect blend of classic charm and modern updates. With 4 spacious bedrooms, 1.5 baths, HUGE master, and a large unfinished basement, the property presents a variety of possibilities. For investors, long-term tenants are currently in place and are willing to stay, offering immediate rental income potential. Alternatively, the property will be vacant at closing, giving you the flexibility to move in or make any desired improvements. Key updates include: New Asphalt Driveway (2024), New Carpet in All Bedrooms, New Central AC (2024). New aluminum siding being installed in the rear of the house. Conveniently located just minutes from historic downtown Lockport and the highly sought-after New Lenox area, this home enjoys a prime location with easy access to local amenities, shopping, dining, and schools. Selling As-Is.
Listing Agent
Coldwell Banker Real Estate Group License #475167518 Listed on: 08/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,264
Year Built
- Built in 1940 | Remodeled in 2023
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 62x127
Parking
- 2 Car Garage
- Driveway
Interior Spaces
- 1,632 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Dining Room
- Home Office
- Laundry Room
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Schools
- T E Culbertson Elementary School
- Joliet Central High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
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 | $4,591 | $62,807 | $10,945 | $51,862 |
| 2023 | $4,591 | $55,804 | $9,725 | $46,079 |
| 2022 | $4,108 | $50,479 | $8,797 | $41,682 |
| 2021 | $1,515 | $47,146 | $8,216 | $38,930 |
| 2020 | $1,536 | $44,773 | $7,802 | $36,971 |
| 2019 | $1,549 | $41,611 | $7,251 | $34,360 |
| 2018 | $1,606 | $37,327 | $6,499 | $30,828 |
| 2017 | $1,665 | $33,937 | $5,909 | $28,028 |
| 2016 | $1,732 | $31,221 | $5,405 | $25,816 |
| 2015 | $1,790 | $28,550 | $5,100 | $23,450 |
| 2014 | $1,790 | $28,400 | $5,050 | $23,350 |
| 2013 | $1,790 | $29,819 | $5,600 | $24,219 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 08/03/2025 08/03/25 | For Sale | $249,000 | +93.0% | $153 / Sq Ft |
| 08/25/2021 08/25/21 | Sold | $129,000 | -13.9% | $79 / Sq Ft |
| 08/23/2021 08/23/21 | Pending | -- | -- | -- |
| 08/19/2021 08/19/21 | For Sale | $149,900 | -- | $92 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Administrators Deed | $129,000 | Chicago Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $99,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12436855
APN: 30-07-14-207-007
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