NOT LISTED FOR SALE

Estimated Value: $225,000 - $304,857

7 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold April 27, 2018

Last sale price $141,700

Est. 82% increase in value since last sale

Current estimated payment $1,628/month

32 Days on Market

About This Home

As of April 2018

Cash flow for the new owner is a no brainer! Located West Joliet on a quiet street. All units are rented with long term tenants. Each units have their separate entrances. Tenants pay electric and gas. Lanlord pays water and sewer. It is a legal zoned 3 units until June 2019. After that, it is a legal zoned 2 units, you can apply for a zoning for 3 or rent as a 2 units, your choice. Rental income with 3 units is 32,400. Rental with 2 units (front and the coach house) is $23,160. It has been completely remodeled in 2013: rehab includes new bath rooms, new flooring, new appliances and brand new roof in 2014. This house is in good condition. Buy as an investment property or live in one and rent the rest. It is also perfect for in-law living. All appliances stay except for Washer and Dryer in the basement. Priced below market value. Sold as is. Cash only. Please email POF to listing agent before showings. Property disclosure and zoning order are attached in the additional documents. Thanks

Last Agent to Sell the Property

Clara Bailey

Charles Rutenberg Realty of IL License #475167336 Listed on: 03/03/2018

Charles Rutenberg Realty of IL

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,141

Year Built

  • Built in 1920 | Remodeled in 2013

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 47x148

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,141

Year Built

Built in 1920 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2013
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 157800
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Middle/Junior School District: 88

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 47X148
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5141.3
  • Tax Year: 2016

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2017
Sold by
Bailey Stephen R and Hsiao Chin Gown
Bought by
Agape Investments Llc
Current Estimated Value
$258,464

Purchase Details

Listed on
Mar 21, 2013
Closed on
Sep 18, 2013
Sold by
Us Bank Na
Bought by
Bailey Stephen R and Hsiao Chin Gown
Seller's Agent
Glenn Sharp
Legacy Realty Latta Young
Buyer's Agent
Glenn Sharp
Legacy Realty Latta Young
List Price
$50,000
Sold Price
$39,000
Premium/Discount to List
-$11,000
-22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.01%

Purchase Details

Closed on
Mar 15, 2013
Sold by
Mcginnis Timothy P
Bought by
U S Bank Na

Purchase Details

Closed on
Jan 23, 2013
Sold by
Mcginnis Timothy P
Bought by
U S Bank Na

Purchase Details

Closed on
Dec 10, 2002
Sold by
Ronald J Orloff Llc
Bought by
Mcginnis Timothy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
6.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 2, 2002
Sold by
Ketcik Jo Ann
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
$178,000
Interest Rate
6.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 12, 1996
Sold by
Ciancanelli Paul
Bought by
Vidican Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
7.06%

Purchase Details

Closed on
Feb 26, 1996
Sold by
Waloszyk Palma and Kambic Rose
Bought by
Ciancanelli Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
7.06%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Agape Investments Llc $141,700 Fidelity National Title Ins
Bailey Stephen R $39,000 Ct
U S Bank Na -- None Available
U S Bank Na -- None Available
Mcginnis Timothy P $185,000 --
Ronald J Orloff Llc $118,000 --
Vidican Joann $125,000 Chicago Title Insurance Co
Ciancanelli Paul -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcginnis Timothy P $178,000
Previous Owner Vidican Joann $118,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $141,700 -10.2% --
04/04/2018 04/04/18 Pending -- -- --
03/21/2018 03/21/18 Price Changed $157,800 -0.1% --
03/03/2018 03/03/18 For Sale $158,000 +305.1% --
09/20/2013 09/20/13 Sold $39,000 -22.0% --
09/10/2013 09/10/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $50,000 0.0% --
07/24/2013 07/24/13 Pending -- -- --
07/18/2013 07/18/13 Price Changed $50,000 0.0% --
07/18/2013 07/18/13 For Sale $50,000 -15.3% --
06/18/2013 06/18/13 Pending -- -- --
05/01/2013 05/01/13 Price Changed $59,000 -25.3% --
03/21/2013 03/21/13 For Sale $79,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

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 $8,314 $105,730 $17,596 $88,134
2023 $8,314 $94,919 $15,797 $79,122
2022 $7,167 $84,260 $14,023 $70,237
2021 $6,829 $79,184 $13,178 $66,006
2020 $6,751 $76,581 $12,745 $63,836
2019 $6,376 $72,589 $12,081 $60,508
2018 $5,783 $64,133 $11,506 $52,627
2017 $5,498 $59,356 $10,649 $48,707
2016 $5,141 $55,629 $9,980 $45,649
2015 $5,031 $52,930 $9,496 $43,434
2014 $5,031 $50,894 $9,131 $41,763
2013 $5,031 $55,320 $9,925 $45,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09873105

Midwest Real Estate Data (MRED)

APN: 11-04-33-402-010