NOT LISTED FOR SALE

Estimated Value: $326,000 - $347,000

6 Beds
4 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold August 06, 2020

Last sale price $229,900

Est. 46% increase in value since last sale

Current estimated payment $2,467/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Paved or Partially Paved Lot
  • 3 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of August 2020

THIS IS A VERY WELL MAINTAINED BUILDING THAT HAS BEEN IN THE SAME FAMILY FOR MANY, MANY YEARS. VERY LARGE MAIN FLOOR UNIT WITH 3 - 4 BEDROOMS THAT WOULD BE IDEAL AS AN OWNER-OCCUPIED UNIT WHILE RENTING THE THREE SMALLER UNITS FOR ADDITIONAL INCOME. THERE'S A BASEMENT, 3 CAR GARAGE (HAS NOT BEEN USED FOR YEARS) & PRIVATE YARD. TWO OF THE TENANTS HAVE BEEN OCCUPANTS FOR OVER TEN YEARS SO THE RENTAL INCOME IS LOW AT THIS TIME. THE THIRD TENANT HAS BEEN IN THE BUILDING FOR A FEW YEARS AND THE MAIN FLOOR UNIT IS CURRENTLY VACANT FOR EASE OF SHOWING. THE CITY OF JOLIET ZONING DISCLOSURE SHOWS THAT THE BUILDING IS A PERMITTED USE IN THE SPECIFIED ZONING CLASSIFICATION.

Last Agent to Sell the Property

Jim Karges

Karges Realty License #471003654 Listed on: 06/03/2020

Last Buyer's Agent

Maribel Martinez

Karges Realty License #471010710

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,921

Year Built

  • Built in 1898

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 38x126
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $3,672
  • Fuel Expense $1,320
  • Insurance Expense $2,200
  • Water Sewer Expense $2,724
  • Gross Income $41,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,921

Year Built

Built in 1898

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1898
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 3

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Stone
  • List Price: 229900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 2724

Schools

  • Middle/Junior School District: 86

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 38X126
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes
  • TenantPays: None

Multi Family

  • Fuel Expense: 1320
  • Insurance Expense: 2200
  • ElectricExpense: 3672
  • GrossIncome: 41100
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 4921.18
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Aug 6, 2020
Sold by
Futterer Joseph E and Futterer Susan
Bought by
Martinez Daniel Dimas and Martinez Alfredo
Seller's Agent
Jim Karges
Karges Realty
Buyer's Agent
Maribel Martinez
Karges Realty
List Price
$229,900
Sold Price
$229,900
Current Estimated Value
$334,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,748
Avg. Annual Appreciation
7.27%
Original Mortgage
$172,425
Outstanding Balance
$159,906
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$166,862

Purchase Details

Closed on
Mar 20, 2001
Sold by
Futterer Joseph E
Bought by
Futterer Joseph E and Futterer Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.05%

Purchase Details

Closed on
Jun 29, 1995
Sold by
Futterer Ruth T
Bought by
Futterer Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.88%
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
Martinez Daniel Dimas $229,900 None Available
Futterer Joseph E -- Law Title
Futterer Joseph E $75,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Daniel Dimas $172,425
Previous Owner Futterer Joseph E $75,000
Previous Owner Futterer Joseph E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2020 08/06/20 Sold $229,900 0.0% --
06/07/2020 06/07/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $229,900 -- --
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 $7,625 $80,887 $7,429 $73,458
2022 $6,757 $73,168 $6,720 $66,448
2021 $6,422 $68,336 $6,276 $62,060
2020 $5,217 $61,560 $5,960 $55,600
2019 $4,921 $57,212 $5,539 $51,673
2018 $4,670 $52,866 $5,118 $47,748
2017 $4,345 $48,064 $4,653 $43,411
2016 $4,112 $44,260 $4,266 $39,994
2015 -- $41,500 $4,000 $37,500
2014 -- $41,300 $4,000 $37,300
2013 -- $43,672 $4,421 $39,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10734563

Midwest Real Estate Data (MRED)

APN: 07-09-325-007