NOT LISTED FOR SALE

418 Nicholson St Joliet, IL 60435

Cathedral Area Neighborhood

Estimated Value: $792,870

16 Beds
8 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold June 30, 2015

Last sale price $380,000

Est. 109% increase in value since last sale

Current estimated payment $5,042/month

6 Days on Market

About This Home

As of June 2015

Unbelievable investment opportunity! Solid 8 unit building with 5 car garage in prime location near University of St. Frances. Spacious and clean units. Laundry facilities in building. Large storage units for tenants and owner in lower level. Potential for rent increases. Incredible opportunity for the savvy investor. Strong cash flow.

Last Agent to Sell the Property

Christine Wilczek & Jason Bacza

Realty Executives Elite License #471013023 Listed on: 04/23/2015

Realty Executives Elite

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,051

Year Built

  • 1939

Lot Details

  • 7,841

Home Design

  • Brick Exterior Construction
  • Block Foundation

Basement

  • Basement Cellar

Community Details

  • Fuel Expense $4,523
  • Insurance Expense $2,700

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,051

Year Built

1939

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Oper Income: 54061
  • Roof Structure: Flat
  • Scavenger Expense: 900
  • Total Annual Exp: 20555
  • Total Annual Income: 74616
  • Total Monthly Income: 6218
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 3
  • Estimated Year Built: 1939
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1939

Interior Features

  • Basement: Cellar

Exterior Features

  • Foundation: Block
  • Exterior Building Type: Brick
  • Acreage: 0.18
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Heatventilation: Central Bldg Heat, Hot Water, Radiators, Steam
  • Water Expense: 2790

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 342

Lot Info

  • Lot Dimensions: 93*134*37*131
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 3007091270010000

Rental Info

  • Gross Rental Income: 6218
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 4523
  • Insurance Expense: 2700
  • Number Of Dryers: 1

Tax Info

  • Taxes: 9375.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2018
Sold by
Virtus Properties Llc
Bought by
Stopproperties Llc
Current Estimated Value
$792,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 23, 2015
Closed on
Jun 30, 2015
Sold by
Honacki Stanley P and Honacki Mary L
Bought by
Virtus Properties Llc
Seller's Agent
Christine Wilczek & Jason Bacza
Realty Executives Elite
Buyer's Agent
Non Member
NON MEMBER
List Price
$395,000
Sold Price
$380,000
Premium/Discount to List
-$15,000
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$285,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2000
Sold by
Honacki Stanley P and Honacki Mary L
Bought by
Department Of Transportation
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Stopproperties Llc $475,000 Attorney
Virtus Properties Llc $380,000 Fidelity National Title Ins
Department Of Transportation -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Stopproperties Llc $356,250
Previous Owner Virtus Properties Llc $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $380,000 -3.8% --
04/29/2015 04/29/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $395,000 -- --
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 $10,051 $120,000 $22,869 $97,131
2023 $10,051 $120,000 $22,869 $97,131
2022 $11,082 $120,000 $22,869 $97,131
2021 $11,277 $120,000 $22,869 $97,131
2020 $11,267 $120,000 $22,869 $97,131
2019 $8,648 $90,000 $22,869 $67,131
2018 $7,971 $80,000 $22,869 $57,131
2017 $8,264 $80,000 $22,869 $57,131
2016 $8,598 $80,000 $22,869 $57,131
2015 $8,884 $80,000 $22,869 $57,131
2014 $8,884 $90,000 $22,869 $67,131
2013 $8,884 $90,000 $22,869 $67,131
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2015

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08900266

Midwest Real Estate Data (MRED)

APN: 30-07-09-127-001

Illinois Will County Joliet 60435 Cathedral Area

418 Nicholson St, Joliet, IL

This home is located at 418 Nicholson St, Joliet, IL 60435 since 23 April 2015 and is currently estimated at $792,870. This property was built in 1939. 418 Nicholson St is a home located in Will County with nearby schools including Farragut Elementary School, Hufford Junior High School, and Joliet Central High School.

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