NOT LISTED FOR SALE

Estimated Value: $389,000 - $470,000

8 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold October 05, 2020

Last sale price $280,000

Est. 52% increase in value since last sale

Current estimated payment $3,240/month

11 Days on Market

Highlights

  • Landscaped Professionally
  • Wooded Lot
  • Porch
  • Property is near a park
  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more

About This Home

As of October 2020

11% CAP RATE!! Wonderful Investment Opportunity in Joliet's St. Pats Area! Building can produce close to $60k in cashflow per year! Recently Renewed 2 Story Townhouse style units in this beautiful brick 4 flat. (Each unit has 2 Bedrooms) Parking in rear for 8 cars. Tenants pay all utilities. All new custom kitchens w/ modern Shaker White Cabinets, Granite Counter Tops and New Appliances. The first floor in every unit has been designed with durable ceramic tile and semi-gloss white walls. The Two spacious bedrooms upstairs offer ample storage space and new carpet. All bathrooms have been completely remodeled with new tile, tub, and vanity. All new paint through out. Updated electrical and plumbing. NeW water heaters and radiant heat baseboards in each unit. Each unit has laundry hook ups. Professionally landscaped. 2 car detached garage with new roof, siding soffits and fascia comes with extra large parking lot. Great location. Near I80 and walking distance to the train. See Pro-forma and Financials in Additional Info. This property is being sold AS-IS.

Last Agent to Sell the Property

David Aguirre

Crosstown Realtors, Inc. License #475176845 Listed on: 08/25/2020

Crosstown Realtors, Inc.

Last Buyer's Agent

Lindsey Hazdra

Town Center Realty LLC License #475189296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,823

Year Built

  • Built in 1961 | Remodeled in 2020

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 58x149
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Sump Pump
  • Crawl Space

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near a park

Schools

  • Joliet Central High School

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Multiple Water Heaters

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,557
  • Maintenance Expense $8,640
  • Gross Income $57,600
  • Net Operating Income $38,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,823

Year Built

Built in 1961 | Remodeled in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1961
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors, Sump Pump, Multiple Water Heaters
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood
  • AppliancesAndFeatures: Stove,Refrigerator,Range Hood
  • Room: 4

Exterior Features

  • ExteriorFeatures: Patio, Porch, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 349900
  • Lot Features: Landscaped, Wooded
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: 7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • High School: Joliet Central High School
  • Middle/Junior School District: 86

Lot Info

  • Lot Size Acres: 0.21
  • Lot Dimensions: 58X149
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat,Scavenger,Sewer,Water

Multi Family

  • Net Operating Income: 38580
  • Insurance Expense: 1557
  • GrossIncome: 57600
  • Maintenance Expense: 8640
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8822.68
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2021
Sold by
Nicholson Estate Llc
Bought by
Al Sabbagh Aiham M Omar
Current Estimated Value
$426,601

Purchase Details

Closed on
Jan 20, 2021
Sold by
Al Sabbagh Aiham
Bought by
Nihcolson Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 25, 2020
Closed on
Dec 1, 2020
Sold by
Crosstown Builders Inc
Bought by
Al Sabbagh Atham
Seller's Agent
David Aguirre
Crosstown Realtors, Inc.
Buyer's Agent
Lindsey Hazdra
Town Center Realty LLC
List Price
$349,900
Sold Price
$280,000
Premium/Discount to List
-$69,900
-19.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$210,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2019
Closed on
May 10, 2019
Sold by
Secretary Of Housing & Urban Development
Bought by
Crosstown Builders Inc and Wc Investments Llc
Seller's Agent
Ryan Behrens
Re/Max Ultimate Professionals
Buyer's Agent
Chris Fischer
Crosstown Realtors, Inc.
List Price
$128,000
Sold Price
$116,582
Premium/Discount to List
-$11,418
-8.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.16%

Purchase Details

Closed on
Sep 27, 2018
Sold by
Pnc Bank
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Apr 17, 2018
Sold by
The Secretary Of Hud
Bought by
Pnc Bank N A

Purchase Details

Closed on
Aug 12, 2014
Sold by
Pnc Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Feb 18, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Pnc Bank Na

Purchase Details

Closed on
Jun 5, 2013
Sold by
Nelson Jason
Bought by
The Secretary Of Hud and Pnc Bank Na

Purchase Details

Closed on
May 13, 2004
Sold by
Szczepaniak Kazimierz R and Szczepaniak Doris H
Bought by
Nelson Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,587
Interest Rate
5.99%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1996
Sold by
Kisiol James P
Bought by
Szczepaniak Kazimierz R and Szczepaniak Doris H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7.06%

Purchase Details

Closed on
Sep 1, 1995
Sold by
Szczepaniak Kazimierz R and Szczepaniak Doris H
Bought by
Szczepaniak Doris H and Szczepaniak Kazimierz R
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
Al Sabbagh Aiham M Omar -- None Available
Nihcolson Estate Llc -- None Available
Al Sabbagh Atham $280,000 Fidelity National Ttl Ins Co
Crosstown Builders Inc $116,582 Fidelity National Title Ins
Secretary Of Housing & Urban Development -- Premier Title
Pnc Bank N A -- Attorney
The Secretary Of Housing & Urban Develop -- Attorney
Pnc Bank Na -- None Available
The Secretary Of Hud $293,251 None Available
Nelson Jason $245,000 Stewart Title Company
Szczepaniak Kazimierz R -- Lawyers Title Insurance Corp
Szczepaniak Doris H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alsoabgagh Aiham M Omar $305,900
Previous Owner Al Sabbagh Atham $210,000
Previous Owner Nelson Jason $241,587
Previous Owner Szczepaniak Kazimierz R $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $280,000 -20.0% --
09/05/2020 09/05/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $349,900 +200.1% --
05/10/2019 05/10/19 Sold $116,582 -8.9% --
03/26/2019 03/26/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $128,000 -- --
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
2023 $11,608 $123,133 $12,350 $110,783
2022 $10,286 $111,382 $11,171 $100,211
2021 $9,776 $104,027 $10,433 $93,594
2020 $9,276 $98,791 $9,908 $88,883
2019 $8,823 $91,813 $9,208 $82,605
2018 $8,454 $84,840 $8,509 $76,331
2017 $7,968 $77,134 $7,736 $69,398
2016 $7,634 $71,029 $7,092 $63,937
2015 -- $66,600 $6,650 $59,950
2014 -- $66,250 $6,600 $59,650
2013 -- $70,102 $7,320 $62,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10830450

Midwest Real Estate Data (MRED)

APN: 30-07-09-329-015