NOT LISTED FOR SALE

1607 Elgin Ave Joliet, IL 60432

Belmont Neighborhood

Estimated Value: $185,000 - $238,000

4 Beds
4 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 05, 2016

Last sale price $60,000

Est. 267% increase in value since last sale

Current estimated payment $1,670/month

7 Days on Market

About This Home

As of August 2016

4 Units Sold AS IS buyer will be responsible for any City of Joliet required permits and or compliance. Lets make a deal on this cash cow with 4 car garage on rear of lot!!

Last Agent to Sell the Property

Nicholas Signorello

Signorello Realty, Inc. License #471009990 Listed on: 07/05/2016

Last Buyer's Agent

Lynn Bialy

Village Realty, Inc. License #475134130

Village Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 49x125

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Community Well

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1948
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter, Stone
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Community Well

Fee Information

  • Other Expenses $: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 49X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: None

Tax Info

  • Tax Annual Amount: 3703.66
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2016
Closed on
Jun 27, 2016
Sold by
Us Bank Trust National Association
Bought by
Sergent Jeffrey
Seller's Agent
Nicholas Signorello
Signorello Realty, Inc.
Buyer's Agent
Lynn Bialy
Village Realty, Inc.
List Price
$74,900
Sold Price
$60,000
Premium/Discount to List
-$14,900
-19.89%
Current Estimated Value
$220,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,333
Avg. Annual Appreciation
14.46%

Purchase Details

Closed on
Jun 4, 2016
Sold by
Joliet Rentals Com Llc
Bought by
Us Bank Trust National Association

Purchase Details

Closed on
Jul 31, 2008
Sold by
First Midwest Bank
Bought by
Joliet Rentalscom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2006
Sold by
Choat Joseph S
Bought by
First Midwest Bank and Trust #8255

Purchase Details

Closed on
Dec 12, 2001
Sold by
Ronald J Orloff Llc
Bought by
Choat Joseph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
7.5%

Purchase Details

Closed on
May 17, 2000
Sold by
Ellis Donald
Bought by
Ronald J Orloff Llc

Purchase Details

Closed on
Aug 27, 1998
Sold by
Rodono Joseph and Rodono Mary
Bought by
Ronald J Orloff Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
9.5%
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 Buyer Sale Price Title Company
Sergent Jeffrey $60,000 Attorney
Us Bank Trust National Association -- Premier Title
Joliet Rentalscom Llc $295,000 Chicago Title Insurance Co
First Midwest Bank -- None Available
Choat Joseph S $110,000 --
Ronald J Orloff Llc -- --
Ronald J Orloff Llc $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joliet Rentalscom Llc $285,000
Previous Owner Choat Joseph S $310,500
Previous Owner Ronald J Orloff Llc $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2016 08/05/16 Sold $60,000 -19.9% --
07/12/2016 07/12/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $74,900 -- --
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 $6,137 $73,271 $6,478 $66,793
2023 $6,137 $65,101 $5,756 $59,345
2022 $5,895 $58,889 $5,207 $53,682
2021 $4,602 $48,972 $4,863 $44,109
2020 $2,158 $22,647 $4,618 $18,029
2019 $4,438 $46,181 $4,292 $41,889
2018 $4,252 $42,673 $3,966 $38,707
2017 $4,008 $38,797 $3,606 $35,191
2016 $3,840 $35,728 $3,306 $32,422
2015 $3,704 $33,500 $3,100 $30,400
2014 $3,704 $33,350 $3,100 $30,250
2013 $3,704 $35,272 $3,439 $31,833
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nicholas Signorello

    Signorello Realty, Inc.

    (708) 289-9753

    7 Total Sales

    Nicholas Signorello
    Section Image
  • Lynn Bialy

    Buyer's Agent in 2016

    Lynn Bialy

    Village Realty, Inc.

    (708) 921-7314

    74 Total Sales

    Lynn Bialy
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09276669

Midwest Real Estate Data (MRED)

APN: 30-07-12-118-049

Illinois Will County Joliet 60432 Belmont

1607 Elgin Ave, Joliet, IL

Not Listed for Sale

MultiFamily

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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