NOT LISTED FOR SALE

Estimated Value: $241,000 - $282,000

4 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold August 14, 2020

Last sale price $180,000

Est. 43% increase in value since last sale

Current estimated payment $1,755/month

4 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Heating System Uses Steam

About This Home

As of August 2020

EXCELLENT INVESTMENT producing $23,580 A YEAR! Legal 2 flat located in West Joliet, completely rehabbed in 2018! 1st floor is rented at $1,040 and is considerably larger than 2nd floor unit. 1st floor unit space offers living room with stately floor to celing built in shelving, 2 nice size bedrooms, remodeled eat in kitchen and bath, walk in pantry. 2nd floor is rented at $925 - space offers 2 bedrooms, remodeled kitchen and bath, living room and access to a huge attic! Tenant pay their own utilities (water, electric and cooking gas); landlord only pays for heat! Extended driveway from the street to the alley behind the house offers plenty of parking spaces for the tenants and a nice yard. GREAT LOCATION with immediate access to I-80. Solid tenants! This building is very well taken care off and is a TRUE MONEY MAKER! Buy as an investment or a primary residence - live in one unit and rent the other! Building qualifies for 1st time home buyer GRANTS - please call for details!

Last Agent to Sell the Property

Irina Allison

Apex Real Estate Brokerage Inc License #471004840 Listed on: 06/26/2020

Last Buyer's Agent

Alma Salazar

Results Realty ERA Powered License #475137043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1904 | Remodeled in 2018

Lot Details

  • 6,534

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned
  • Assigned Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Lot Dimensions are 49x138

Community Details

  • 2 Units
  • Gross Income $23,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Year Built

Built in 1904 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 179900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam
  • Water Source: Public

Schools

  • Middle/Junior School District: 86

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 49X138
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 23580
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3800.82
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Aug 13, 2020
Sold by
Wegscheild Erik and Wegscheild Kevin
Bought by
Ferrufino Natalie N
Seller's Agent
Irina Allison
Apex Real Estate Brokerage Inc
Buyer's Agent
Alma Salazar
Results Realty ERA Powered
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%
Current Estimated Value
$257,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,994
Avg. Annual Appreciation
7.24%
Original Mortgage
$6,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 22, 2019
Sold by
Triad Homes Llc
Bought by
Wegscheid Erik and Wegscheid Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2018
Closed on
Feb 27, 2018
Sold by
Keltz Kathleen A
Bought by
Triad Holes Llc
Seller's Agent
Elizabeth Delrose
Keller Williams Infinity
Buyer's Agent
Christina Zielinski
Realtopia Real Estate Inc
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.68%

Purchase Details

Closed on
Sep 30, 1994
Sold by
Sturmer Bernard
Bought by
Keltz George and Keltz Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,859
Interest Rate
8.6%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1992
Bought by
Keltz George Kat
Source: Public Records

Range of Values:

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Average Value
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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
Ferrufino Natalie N $180,000 Attorney
Wegscheid Erik -- National Title Solutions Inc
Triad Holes Llc $80,000 First American Title
Keltz George $71,000 Intercounty Title
Keltz George Kat $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrufino Natalie N $6,000
Previous Owner Ferrufino Natalie N $6,000
Previous Owner Wegscheid Erik $115,500
Previous Owner Keltz George $70,859
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2020 08/14/20 Sold $180,000 +0.1% --
06/30/2020 06/30/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $179,900 +124.9% --
03/07/2018 03/07/18 Sold $80,000 -5.9% -- View Prior Sale
01/29/2018 01/29/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $85,000 -- --
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 $4,586 $62,755 $8,801 $53,954
2023 $4,586 $55,758 $7,820 $47,938
2022 $4,104 $50,437 $7,074 $43,363
2021 $3,863 $47,107 $6,607 $40,500
2020 $3,433 $42,559 $6,274 $36,285
2019 $3,801 $39,553 $5,831 $33,722
2018 $3,044 $36,549 $5,388 $31,161
2017 $2,813 $33,230 $4,899 $28,331
2016 $2,628 $30,448 $4,479 $25,969
2015 $2,493 $28,550 $4,200 $24,350
2014 $2,493 $28,450 $4,200 $24,250
2013 $2,493 $30,458 $4,667 $25,791
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10761493

Midwest Real Estate Data (MRED)

APN: 30-07-16-124-021