$1,250,000
SOLD SEP 30, 2025
-- Bed
-- Bath
10,368 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

4% Above List Price

22 Days on Market

About This Home

As of September 2025

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.

Last Agent to Sell the Property

SEAN MORRISSEY

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

Last Buyer's Agent

Linas Meilus

Linas Real Estate, Inc. License #471009342

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

Listing and Financial Details

  • Tenant pays for electricity, heat, scavenger, sewer

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

6,336 Sq Ft Lot

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
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Concrete, Brick
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Frontage Type: City Street
  • 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
  • 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
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 12803
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2025
Closed on
Sep 15, 2025
Sold by
Sean Morrissey Llc
Bought by
Eastern Group Llc
Seller's Agent
SEAN MORRISSEY
Chicagoland Realty Group Partners LLC
Buyer's Agent
Linas Meilus
Linas Real Estate, Inc.
List Price
$1,200,000
Sold Price
$1,250,000
Premium/Discount to List
$50,000
4.17%
Views
15
Current Estimated Value
$1,233,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,024
Avg. Annual Appreciation
-2.77%
Original Mortgage
$1,845,000
Outstanding Balance
$1,845,000
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$611,024

Purchase Details

Listed on
Jun 6, 2020
Closed on
Dec 22, 2020
Sold by
Crotty Denise and Estate Of Michael Crotty
Bought by
Sean Morrissey Llc
Seller's Agent
Michael O'Donnell
WEB VIDEO Realty
Buyer's Agent
SEAN MORRISSEY
Chicagoland Realty Group Partners LLC
List Price
$750,000
Sold Price
$625,000
Premium/Discount to List
-$125,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.68%
Original Mortgage
$665,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 1, 2013
Sold by
Citibank Na
Bought by
Crotty Michael

Purchase Details

Closed on
Nov 15, 2012
Sold by
Will County Sherriff
Bought by
Citibank Na and Cmlti Asset Trust

Purchase Details

Closed on
Aug 8, 2012
Sold by
Kim Inseop
Bought by
Citibank Na

Purchase Details

Closed on
Sep 26, 2006
Sold by
Kim Inseop and Kim Eunkyung
Bought by
Kim Inseop

Purchase Details

Closed on
Jan 26, 2004
Sold by
Kim Inseop and Kim Eunkyung
Bought by
Kim Inseop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2003
Sold by
Dougherty Linley T
Bought by
Kim Inseop and Kim Eunkyung
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

Date Type Sale Price Title Company
Warranty Deed $1,230,000 None Listed On Document
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 $1,845,000 Credit Line Revolving
Previous Owner $665,000 Future Advance Clause Open End Mortgage
Previous Owner $300,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2025 09/30/25 Sold $1,250,000 +4.2% $121 / Sq Ft
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% -- View Prior Sale
10/21/2020 10/21/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

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

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12363103

Midwest Real Estate Data (MRED)

APN: 30-07-10-322-015

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