NOT LISTED FOR SALE

418 Nicholson St Joliet, IL 60435

Cathedral Area Neighborhood

Estimated Value: $801,536

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

Sale Details

Date Sold: June 30, 2015

Last sale price $380,000 $0 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,854 / mo

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

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

Realty Executives Elite

Co-Listed By

Jason Bacza

Realty Executives Elite License #475122821

Last Buyer's Agent

Non Member

NON MEMBER

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

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

Year Built

1939

Lot Details

7,841 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2018
Sold by
Virtus Properties Llc
Bought by
Current Estimated Value
$801,536

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
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
6.91%
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Cathedral Area, IL

  • Bernard Cobb Real Estate Agent - RE/MAX of Naperville

    Bernard Cobb

    RE/MAX of Naperville

    (708) 905-8047

    163 Total Sales

    1 in Cathedral Area

    $487,500 Price

    Bernard Cobb
     Section Image
  • Robert Kroll Real Estate Agent - 808 Realty

    Robert Kroll

    Responds Quickly

    808 Realty

    (815) 860-2793

    366 Total Sales

    1 in Cathedral Area

    $245,000 Price

    Robert Kroll
     Section Image
  • Carrie Clements Real Estate Agent - Baird & Warner

    Carrie Clements

    Baird & Warner

    (224) 808-4249

    49 Total Sales

    1 in Cathedral Area

    $227,500 Price

    Carrie Clements
     Section Image
  • Benny Collesano Real Estate Agent - Better Homes & Gardens Real Estate Connections

    Benny Collesano

    Better Homes & Gardens Real Estate Connections

    (708) 905-4956

    152 Total Sales

    1 in Cathedral Area

    $200,000 Price

    Benny Collesano
     Section Image

  • BW

    Brian Wacht

    Kale Realty

    (224) 258-0319

    75 Total Sales

    1 in Cathedral Area

    $189,990 Price

    Brian Wacht
     Section Image
  • Michele Marks Real Estate Agent - Coldwell Banker Realty

    Michele Marks

    Coldwell Banker Realty

    (630) 864-6553

    119 Total Sales

    1 in Cathedral Area

    $235,000 Price

    Michele Marks
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$475,000 Attorney
Virtus Properties Llc $380,000 Fidelity National Title Ins
Department Of Transportation -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,048,500
Closed Stopproperties Llc $356,250
Previous Owner Virtus Properties Llc $285,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,422 $47,391
2024 $5,091 $45,134
2023 $5,091 $78,710 $15,740 $62,970
2022 $4,905 $60,950 $12,190 $48,760
2021 $4,976 $54,330 $10,860 $43,470
2020 $4,837 $50,230 $10,040 $40,190
2019 $4,738 $49,330 $9,860 $39,470
2018 $4,598 $48,600 $9,720 $38,880
2017 $4,572 $44,450 $8,890 $35,560
2016 $4,478 $44,320 $8,860 $35,460
2015 $4,153 $37,300 $7,460 $29,840
Source: Public Records

Agents Affiliated with this Home

  • Christine Wilczek Real Estate Agent - Realty Executives

    Seller's Agent in 2015

    Christine Wilczek

    Realty Executives

    (815) 260-9548

    645 Total Sales

    Christine Wilczek
    Section Image
  • Jason Bacza Real Estate Agent - Realty Executives

    Seller Co-Listing Agent in 2015

    Jason Bacza

    Realty Executives

    (815) 260-9548

    533 Total Sales

    Jason Bacza
    Section Image

  • NM

    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

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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