457 S Desplaines St Joliet, IL 60436
Southside Joliet NeighborhoodEstimated payment $1,275/month
Highlights
- Ranch Style House
- Ceiling Fan
- Paved or Partially Paved Lot
- Soaking Tub
About This Home
Attention investors and owner-occupants! This all-brick 2-unit property offers a rare chance to add value and generate strong cash flow. The building features one 2-bedroom unit and one 3-bedroom unit, each with its own basement (the front unit includes a sub-basement for even more space). * One unit is tenant-occupied on a month-to-month lease * Utilities separated for gas and electric (shared water) * Detached 2.5-car garage and fenced yard * Located near schools, parks, and public transportation With some updates, this property can become a true income-producer. Housing Authority rents for this zip code (60436) are $1,826 for a 2-bedroom and $2,343 for a 3-bedroom, highlighting the strong rental potential. Sold AS-IS. Bring your ideas and take advantage of this opportunity to create long-term value!
Listing Agent
Carter Realty Group Brokerage Phone: (815) 582-3953 License #471011902 Listed on: 10/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,558
Year Built
- Built in 1890
Lot Details
- Lot Dimensions are 149.9x50.9x150x51
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Ranch Style House
- Bungalow
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Interior Spaces
- Ceiling Fan
- Window Screens
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
- Soaking Tub
Schools
- Dirksen Junior High School
- Joliet Central High School
Utilities
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- 2 Units
- Common Area
- Gross Income $750
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 | $4,558 | $54,417 | $5,540 | $48,877 |
| 2023 | $4,558 | $48,349 | $4,922 | $43,427 |
| 2022 | $4,039 | $43,735 | $4,452 | $39,283 |
| 2021 | $3,839 | $40,847 | $4,158 | $36,689 |
| 2020 | $3,642 | $38,791 | $3,949 | $34,842 |
| 2019 | $3,464 | $36,051 | $3,670 | $32,381 |
| 2018 | $3,319 | $33,312 | $3,391 | $29,921 |
| 2017 | $3,128 | $30,286 | $3,083 | $27,203 |
| 2016 | $2,997 | $27,889 | $2,826 | $25,063 |
| 2015 | $2,893 | $26,150 | $2,650 | $23,500 |
| 2014 | $2,893 | $26,050 | $2,650 | $23,400 |
| 2013 | $2,893 | $27,167 | $2,948 | $24,219 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | Price Changed | $169,900 | -7.1% | -- |
| 10/28/2025 10/28/25 | For Sale | $182,900 | 0.0% | -- |
| 10/08/2025 10/08/25 | Pending | -- | -- | -- |
| 10/02/2025 10/02/25 | For Sale | $182,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,000 | Chicago Title Insurance Comp | |
| Warranty Deed | $72,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $97,750 | Purchase Money Mortgage | |
| Previous Owner | $64,800 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12484822
APN: 30-07-16-410-022
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