$4,560,000
SOLD JUL 17, 2024
104 Beds
140 Baths
58,000 Sq Ft
1.33 Acres

Recently Sold

$79 Per Sq Ft

20% Below List Price

70 Days on Market

Highlights

  • Water Views
  • Meeting Room
  • Accessible Entrance
  • Corner Lot
  • Laundry Room
  • Baseboard Heating

About This Home

As of July 2024

In the heart of Joliet City Center. 139 units:(42) efficiency units 385 sf, (92) 1 bedrooms 520 sf, (5) 2 bedrooms 740 sf and (1) 2 bedroom manager/maintenance residence. There are 6 laundry rooms approximately 680 sf on even floors. 2 large community rooms with kitchens/kitchenette, common bathrooms, 2 offices and storage. Ground floor boiler room, 3 boilers, back up generator, 1 water meter and 1 gas meter for the entire building. Simplex fire alarm system panel upgraded 2021. Fire sprinkler system covers the entire building. 2 elevators and 44 parking spaces plus 3 ADA.

Last Agent to Sell the Property

Christina Johns

Johns Real Estate Home Services License #471015100 Listed on: 03/17/2024

Last Buyer's Agent

Christina Johns

Johns Real Estate Home Services License #471015100 Listed on: 03/17/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,075

Year Built

  • Built in 1967

Lot Details

  • 1.33 Acre Lot
  • Lot Dimensions are 254x300x132x150x132
  • Corner Lot

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 58,000 Sq Ft Home
  • Elevator
  • Water Views
  • Laundry Room

Bedrooms and Bathrooms

  • 104 Bedrooms
  • 140 Bathrooms

Additional Features

  • Accessible Entrance
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 139 Units
  • High-Rise Condominium
  • 13-Story Property

Amenities

  • Meeting Room

Building Details

  • Insurance Expense $190,313
  • Maintenance Expense $522,799
  • Other Expense $522,799
  • Operating Expense $400,599
  • Gross Income $1,286,629
  • Net Operating Income $1,505,947

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,075

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Hi-Rise
  • Stories: 13
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,City
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 140
  • Total Bedrooms: 104
  • Possible Use: Condominium, Development, Multi-Family, Special Use, Zoning Change Required, Other, Elderly Housing, Single Room Occupancy
  • Basement Description: None
  • Misc Inside: Common Meeting Room/s,Elevator/s Passenger,Accessible Entrance,Laundry Room
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Block
  • Foundation Details: Concrete Perimeter
  • List Price: 5700000
  • Roof Structure: Flat
  • Misc Outside: Accessible Entrance

Garage/Parking

  • Outdoor Parking: 31-50 Spaces

Utilities

  • Heat/Ventilation: Electric,Baseboard

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.33
  • Lot Dimensions: 254X300X132X150X132
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17

Building Info

  • BuildingAreaTotal: 58000

Multi Family

  • Net Operating Income: 1505947
  • Insurance Expense: 190313
  • GrossIncome: 1286629
  • Maintenance Expense: 522799
  • NumberOfUnitsTotal: 139
  • OperatingExpense: 400599
  • Expense Year: 2021
  • Type Multi-Family: Hi-Rise

Tax Info

  • Tax Annual Amount: 30075
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Price Changed $1,250 0.0% $3 / Sq Ft
04/16/2025 04/16/25 For Rent $1,250 0.0% --
07/17/2024 07/17/24 Sold $4,560,000 -20.0% $79 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $5,700,000 -- $98 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12006580

Midwest Real Estate Data (MRED)