NOT LISTED FOR SALE

404 Nicholson St Joliet, IL 60435

Cathedral Area Neighborhood

Estimated Value: $278,995 - $383,000

7 Beds
2 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold October 27, 2023

Last sale price $240,000

Est. 36% increase in value since last sale

Current estimated payment $2,225/month

39 Days on Market

Highlights

  • 2 Car Detached Garage
  • Shed
  • Heating System Uses Natural Gas
  • Porch
  • Ceiling Fan

About This Home

As of October 2023

A GREAT INVESTMENT OPPORTUNITY IS KNOCKING! THIS LEGAL TWO UNIT IS LOCATED JUST BLOCKS AWAY FROM THE UNIVERSITY OF ST. FRANCIS. THE MAIN FLOOR UNIT HAS 4 BEDROOMS AND 1 FULL BATH AND COULD EASILY RENT FOR $1500 MONTHLY. THE SECOND FLOOR UNIT HAS 3 BEDROOMS AND 1 FULL BATH. THIS UNIT IS EASILY RENTABLE FOR $1200 A MONTH! THE BUILDING HAS 3 ELECTRIC METERS, 2 GAS METERS AND 2 WATER METERS AND A TWO CAR DETACHED GARAGE. TENANTS PAY ALL UTILITIES. MAIN FLOOR IS GAS FORCED AIR HEAT. SECOND FLOOR IS ELECTRIC HEAT. WITH THE CLOSE PROXIMITY TO THE UNIVERSITY THIS BUILDING HAS BEEN A CONSISTENT MONEY MAKER OVER THE YEARS! OWNER IS A LICENSED REALTOR AND IS RELATED TO LISTING BROKER.

Last Agent to Sell the Property

Toni Graf

Realty Representatives Inc License #471005175 Listed on: 08/18/2023

Last Buyer's Agent

Ivette Cano

Realty of America, LLC License #475200719

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,751

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 65x128

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Rough-In Basement Bathroom

Outdoor Features

  • Shed
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,751

Year Built

Built in 1914

Lot Details

9,583 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Basement Description: Partially Finished,Bathroom Rough-In
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Stone
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 65X128
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5751.04
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Oct 12, 2023
Sold by
Palmieri Glenn E
Bought by
Alvarez Elizabeth Patricia and Garcia William B
Seller's Agent
Toni Graf
Realty Representatives Inc
Buyer's Agent
Ivette Cano
Realty of America, LLC
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Views
132
Current Estimated Value
$325,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,499
Avg. Annual Appreciation
13.48%
Original Mortgage
$180,000
Outstanding Balance
$176,585
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$148,914

Purchase Details

Closed on
Jun 22, 1994
Sold by
Pirc Joseph F
Bought by
Carey Mark and Carey Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,150
Interest Rate
8.61%
Source: Public Records
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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
Alvarez Elizabeth Patricia $240,000 Fidelity National Title
Carey Mark $92,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Elizabeth Patricia $180,000
Previous Owner Carey Mark $83,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $240,000 -4.0% --
09/27/2023 09/27/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $250,000 0.0% --
08/22/2023 08/22/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $250,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,158 $81,524 $19,960 $61,564
2023 $6,158 $72,433 $17,734 $54,699
2022 $6,051 $65,521 $16,042 $49,479
2021 $5,751 $61,195 $14,983 $46,212
2020 $5,456 $58,115 $14,229 $43,886
2019 $5,190 $54,010 $13,224 $40,786
2018 $4,973 $49,908 $12,220 $37,688
2017 $4,687 $45,375 $11,110 $34,265
2016 $4,488 $41,753 $10,185 $31,568
2015 $4,326 $39,150 $9,550 $29,600
2014 $4,326 $38,950 $9,500 $29,450
2013 $4,326 $40,627 $10,562 $30,065
Source: Public Records

Agents Affiliated with this Home

  • Toni Graf

    Seller's Agent in 2023

    Toni Graf

    Realty Representatives Inc

    (815) 263-3666

    5 in this area

    125 Total Sales

    Toni Graf
    Section Image
  • Ivette Cano

    Buyer's Agent in 2023

    Ivette Cano

    Realty of America, LLC

    (224) 499-1282

    1 in this area

    42 Total Sales

    Ivette Cano
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11861976

Midwest Real Estate Data (MRED)

APN: 30-07-09-127-008

Illinois Will County Joliet 60435 Cathedral Area

404 Nicholson St, Joliet, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) 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.
Based on information submitted to the MLS GRID

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