409 State St Joliet, IL 60432
Northeast Joliet NeighborhoodEstimated payment $2,504/month
About This Home
Investors Welcome! This well-maintained 4-unit building offers an excellent opportunity for steady rental income. The main floor features a spacious 3-bedroom/1-bath front apartment and a 1-bedroom/1-bath rear unit. The second floor includes a 2-bedroom/1-bath front unit and a 1-bedroom/1-bath rear unit. Major updates completed in 2017 include electric, plumbing, roof, windows, and insulation. Each unit is separately metered for gas and electric and has its own furnace and water heater. The front units on both levels include in-unit laundry with washer/dryer combos. Tenants are responsible for gas and electric, while the landlord pays water, and garbage. Exterior access to basement/cellar. All units are currently occupied, perfect for investors seeking a stable, income-producing property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,963
Year Built
- Built in 1907
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 34 x 150
- Fenced
Home Design
- Stone Foundation
- Asphalt Roof
Interior Spaces
- 4-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- On-Street Parking
Schools
- Sator Sanchez Elementary School
- Gompers Junior High School
- Joliet Central High School
Utilities
- Heating System Uses Natural Gas
Community Details
- 4 Units
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 | $5,963 | $71,195 | $6,274 | $64,921 |
| 2023 | $5,963 | $63,256 | $5,574 | $57,682 |
| 2022 | $5,284 | $57,219 | $5,042 | $52,177 |
| 2021 | $5,022 | $53,441 | $4,709 | $48,732 |
| 2020 | $4,765 | $50,751 | $4,472 | $46,279 |
| 2019 | $4,532 | $47,166 | $4,156 | $43,010 |
| 2018 | $4,343 | $43,583 | $3,840 | $39,743 |
| 2017 | $4,093 | $39,624 | $3,491 | $36,133 |
| 2016 | $3,922 | $36,489 | $3,200 | $33,289 |
| 2015 | $3,838 | $15,889 | $3,000 | $12,889 |
| 2014 | $3,838 | $34,850 | $3,000 | $31,850 |
| 2013 | $3,838 | $36,844 | $3,341 | $33,503 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/20/2025 10/20/25 | Pending | -- | -- | -- | |
| 10/14/2025 10/14/25 | For Sale | $380,000 | +16.9% | -- | |
| 11/15/2022 11/15/22 | Sold | $325,000 | 0.0% | -- | View Prior Sale |
| 10/11/2022 10/11/22 | Pending | -- | -- | -- | |
| 10/04/2022 10/04/22 | For Sale | $325,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | First American Title | |
| Special Warranty Deed | $37,500 | First American Title | |
| Sheriffs Deed | -- | None Available | |
| Sheriffs Deed | $75,000 | None Available | |
| Warranty Deed | $225,000 | Ticor Title | |
| Warranty Deed | $110,000 | -- | |
| Warranty Deed | $25,000 | Greater Illinois Title Compa | |
| Trustee Deed | $85,000 | -- | |
| Joint Tenancy Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $243,750 | New Conventional | |
| Previous Owner | $225,000 | Purchase Money Mortgage | |
| Previous Owner | $109,600 | FHA | |
| Previous Owner | $67,100 | FHA | |
| Previous Owner | $112,300 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12495701
APN: 30-07-10-131-004
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.
- 256 Mcroberts St Unit 258
- 254 Mcroberts St
- 305 Irving St
- 456 Collins St
- 540 N Bluff St
- 409 Parks Ave
- 215 Parks Ave
- 514 E Jackson St
- 420 Elwood Ave
- 515 N Broadway St
- 554 E Jackson St
- 557 E Jackson St
- Lot 6 Block 4 N Broadway St
- 624 Collins St
- 376 N Hickory St
- 557 Columbia St
- 320 N Hickory St
- 725 Ward Ave
- 569 E Cass St
- 251 E Jackson St