NOT LISTED FOR SALE

1526 N Prairie Ave Joliet, IL 60435

Cunningham Neighborhood

Estimated Value: $282,000 - $334,274

5 Beds
3 Baths
1,260 Sq Ft
$234/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2023

Last sale price $300,000 $238 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,092 / mo

31 Days on Market

About This Home

As of August 2023

Welcome to this incredible 2-flat opportunity in Joliet, IL! It features a spacious first-floor unit with 2 beds, 1 bath on the main level, an additional bed and bath on the lower level, and a full laundry room. This unit is currently vacant and offers a phenomenal Owner-Occupied opportunity or the ability for an investor to maximize the total revenue of the property! The second-floor unit is rented to long-term tenants for $900/month and is a 1 bed and 1 bath unit. Enjoy a detached 2-car garage, 3 exterior parking spaces, and a prime location with easy access to amenities and transportation. Don't miss this investment opportunity! Contact us for a showing today!

Last Agent to Sell the Property

Matthew Rasche

Patrick Commercial Real Estate License #475117619 Listed on: 06/23/2023

Patrick Commercial Real Estate

Last Buyer's Agent

L.Marie Denwood

Worth Clark Realty License #475185452

Worth Clark Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,341

Year Built

  • Built in 1946

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 42 x 128

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,341

Year Built

Built in 1946

Lot Details

4,792 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1946
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Disposal,Central Air Conditioner,Garage/Space,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 3
  • Number of Cars: 5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 42 X 128
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5341.12
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Aug 28, 2023
Sold by
Bought by
Seller's Agent
Matthew Rasche
Patrick Commercial Real Estate
Buyer's Agent
L.Marie Denwood
Worth Clark Realty
List Price
$309,000
Sold Price
$300,000
Premium/Discount to List
-$9,000
-2.91%
Views
124
Current Estimated Value
$295,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,681
Avg. Annual Appreciation
-0.56%
Original Mortgage
$294,566
Outstanding Balance
$285,374
Interest Rate
5.75%
Mortgage Type
FHA
Estimated Equity
$9,945

Purchase Details

Closed on
May 29, 2015
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$300,000 None Listed On Document
$54,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,566
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/29/2023 08/29/23 Sold $300,000 -1.6% $238 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/07/2023 07/07/23 Price Changed $304,900 -1.3% $242 / Sq Ft
06/23/2023 06/23/23 For Sale $309,000 -- $245 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,003 $75,713 $11,435 $64,278
2023 $5,672 $67,271 $10,160 $57,111
2022 $5,620 $60,851 $9,190 $51,661
2021 $5,341 $56,833 $8,583 $48,250
2020 $5,067 $53,972 $8,151 $45,821
2019 $4,820 $50,160 $7,575 $42,585
2018 $4,483 $44,991 $6,776 $38,215
2017 $4,225 $40,905 $6,161 $34,744
2016 $4,045 $37,636 $5,654 $31,982
2015 -- $33,950 $5,350 $28,600
2014 -- $33,750 $5,300 $28,450
2013 -- $35,223 $5,895 $29,328
Source: Public Records

Agents Affiliated with this Home

  • Matthew Rasche

    Seller's Agent in 2023

    Matthew Rasche

    Patrick Commercial Real Estate

    (630) 244-8589

    1 in this area

    7 Total Sales

    Matthew Rasche
    Section Image
  • L.Marie Denwood

    Buyer's Agent in 2023

    L.Marie Denwood

    Worth Clark Realty

    (630) 364-4963

    1 in this area

    11 Total Sales

    L.Marie Denwood
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11815936

Midwest Real Estate Data (MRED)

APN: 30-07-05-207-002

Illinois Will County Joliet 60403 Cunningham

1526 N Prairie Ave, Joliet, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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