$1,200,000
PENDING

Estimated payment $7,404/month

Total Views 1,638
-- Bed
-- Bath
10,368 Sq Ft
$116 Price per Sq Ft

About This Home

Recently renovated 12 unit apartment building located two blocks from Metra Station and walking distance to downtown Joliet. All apartments are 1 bed/1 bath and have been renovated between 2018 and 2021. Improvements include new copper plumbing, updated electric, new drywall throughout, flooring, light fixtures, and many more! Building utilizes RUBS system to collect utility income from garbage and water bill and all residents responsible for their own electric bill (no gas to building). Laundry room is attached to building and accessible by balcony with two coin operated washing machines and dryers. All apartments are on 12 month leases.

Listing Agent

SEAN MORRISSEY

Chicagoland Realty Group Partners LLC License #471001461 Listed on: 06/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,803

Year Built

  • Built in 1900

Lot Details

  • 6,336 Sq Ft Lot
  • Lot Dimensions are 88x72

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 10,368 Sq Ft Home
  • 3-Story Property

Utilities

  • Forced Air Heating and Cooling System

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $2,396
  • Insurance Expense $6,975
  • Other Expense $4,236
  • Trash Expense $2,083
  • Water Sewer Expense $1,305
  • Operating Expense $41,894
  • Gross Income $154,650
  • Net Operating Income $120,495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,803

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Fire Protection: Alarm Monitored,Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors,Sprinklers-Wet
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Windows: 0
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Concrete, Brick
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 1200000
  • Roof: Rubber
  • Roof Structure: Other

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric,Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2083
  • Water Sewer Expenses: 1305
  • Janitor Expense: 0
  • Operating Expense Includes: Parking

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 88X72
  • Lot Size Sq Ft: 6336
  • Land Amenities: Lighting/Exterior,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity, Heat, Scavenger, Sewer
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 10368

Multi Family

  • Net Operating Income: 120495
  • Insurance Expense: 6975
  • ElectricExpense: 2396
  • GrossIncome: 154650
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 41894
  • Expense Year: 2025
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 12803
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $12,803 $137,290 $7,290 $130,000
2023 $12,803 $137,290 $7,290 $130,000
2022 $6,820 $66,960 $7,290 $59,670
2021 $6,929 $66,960 $7,290 $59,670
2020 $6,923 $66,960 $7,290 $59,670
2019 $7,071 $66,960 $7,290 $59,670
2018 $7,308 $66,960 $7,290 $59,670
2017 $7,553 $66,960 $7,290 $59,670
2016 $7,833 $66,960 $7,290 $59,670
2015 $6,976 $66,960 $7,290 $59,670
2014 $6,976 $66,960 $7,290 $59,670
2013 $6,976 $66,960 $7,290 $59,670
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Pending -- -- --
07/02/2025 07/02/25 For Sale $1,200,000 0.0% $116 / Sq Ft
06/16/2025 06/16/25 Pending -- -- --
06/10/2025 06/10/25 For Sale $1,200,000 +92.0% $116 / Sq Ft
12/29/2020 12/29/20 Sold $625,000 -16.7% --
10/21/2020 10/21/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $625,000 Fidelity National Title Ins
Special Warranty Deed $110,000 Attorneys Title Guaranty Fun
Sheriffs Deed -- None Available
Trustee Deed $93,750 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $20,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Credit Line Revolving
Previous Owner $665,000 Future Advance Clause Open End Mortgage
Previous Owner $310,000 Construction
Previous Owner $405,000 Commercial
Previous Owner $300,000 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12363103

Midwest Real Estate Data (MRED)

APN: 30-07-10-322-015