217 Sherman St Joliet, IL 60433
Southeast Joliet NeighborhoodEstimated payment $2,426/month
Highlights
- Traditional Architecture
- Porch
- Multiple Water Heaters
- Balcony
- Forced Air Heating System
About This Home
Investor Opportunity - 4-Unit Property with Strong Cash Flow Large 4-unit property offering excellent investment potential. Three units are currently occupied by long-term tenants on month-to-month leases, providing stable rental income. One unit is vacant, giving you the chance to make minor upgrades and increase rental rates for added cash flow. This property is a great opportunity for both seasoned and first-time investors seeking steady monthly income with value-add potential. Showing Instructions: Owner must be present at all showings. Please allow a minimum of 48 hours to schedule, as showings must be coordinated with three tenants. Being sold AS-IS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,931
Year Built
- Built in 1890
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 82x153
Home Design
- Traditional Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 6 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Parking
- 7 Parking Spaces
- Parking Included in Price
- Unassigned Parking
Outdoor Features
- Balcony
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Multiple Water Heaters
Community Details
Overview
- 4 Units
Building Details
- Fuel Expense $200
- Trash Expense $200
- Water Sewer Expense $300
- Gross Income $52,680
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,931 | $58,874 | $11,810 | $47,064 |
| 2023 | $4,931 | $52,309 | $10,493 | $41,816 |
| 2022 | $4,370 | $47,317 | $9,492 | $37,825 |
| 2021 | $4,153 | $44,192 | $8,865 | $35,327 |
| 2020 | $3,940 | $41,968 | $8,419 | $33,549 |
| 2019 | $3,748 | $39,003 | $7,824 | $31,179 |
| 2018 | $3,591 | $36,041 | $7,230 | $28,811 |
| 2017 | $3,256 | $31,520 | $6,573 | $24,947 |
| 2016 | $3,118 | $29,009 | $6,026 | $22,983 |
| 2015 | $3,004 | $27,200 | $5,650 | $21,550 |
| 2014 | $3,004 | $27,050 | $5,600 | $21,450 |
| 2013 | $3,004 | $28,837 | $6,239 | $22,598 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | Pending | -- | -- | -- |
| 09/22/2025 09/22/25 | Price Changed | $380,000 | 0.0% | -- |
| 09/22/2025 09/22/25 | For Sale | $380,000 | -2.6% | -- |
| 09/10/2025 09/10/25 | Pending | -- | -- | -- |
| 08/25/2025 08/25/25 | For Sale | $390,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $169,000 | Fidelity National Title Ins | |
| Deed | $39,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $126,750 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12454603
APN: 30-07-15-120-017
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.
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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 107 4th Ave
- 404 Sherman St
- 8 Osgood St
- 312 Union St
- 334 S Ottawa St
- 300 Mississippi Ave
- 508 S Eastern Ave
- 305 S Joliet St
- 417 Grant Ave
- 516 S Eastern Ave
- 526 Gardner St
- 304 S Desplaines St
- 500 S Ottawa St
- 507 Whitley Ave
- 618 Bush St
- 454 S Desplaines St
- 167 Wallace St
- 457 S Desplaines St
- 224 E Cass St
- 302 Oscar Ave