NOT LISTED FOR SALE

516 N Chicago St Joliet, IL 60432

City Center-Joliet Neighborhood

Estimated Value: $327,744 - $396,000

5 Beds
5 Baths
-- Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: October 22, 2018

Last sale price $218,000

Est. 69% increase in value since last sale

Current estimated payment $2,823 / mo

139 Days on Market

About This Home

As of October 2018

Beautifully updated 2 flat in very good condition ** both units are rented out ** Ideal for someone who would like to live in one and rent out the other ** 1 unit has 3 BR, 2.5 bath and other one has 2 BR and 1 bath, BOTH units have their own laundry facility in the unit, wood floors in both units **2nd floor unit has a good size deck at the back ** BOTH units have their own furnace and central air, NEW ROOF, Newer Furnaces ** New patio ** updated baths, property passed the recent village inspection ** Owners have taken very good care of the building** Plenty of parking at the back for the tenants of this building **

Last Agent to Sell the Property

Vipin Gulati

RE/MAX Professionals Select License #471009332 Listed on: 04/28/2018

RE/MAX Professionals Select

Last Buyer's Agent

Daniel Solone

Home and Land Real Estate LLC License #471019109

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 5,227

Home Design

  • Traditional Architecture
  • Frame Construction
  • Aluminum Siding
  • Cedar

Basement

  • Crawl Space

Parking

  • Parking Available
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Net Operating Income $16,632

Listing and Financial Details

  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • Age: 51-60 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Style Of House: Traditional
  • Zoning Type: MULTI
  • Estimated Year Built: 1958
  • Type Multi: 2 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Number Of Rooms: 10
  • Basement: Crawl
  • Bedrooms All Levels: 5
  • Above Grade Bedrooms: 5

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding, Cedar, Frame

Garage/Parking

  • Number of Cars: 8
  • Parking: Space/s
  • Number Parking Spaces: 8
  • Parking On Site: Yes
  • Parking Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Fee Information

  • Gross Expenses: 8568

Schools

  • Junior High Dist: 86

Lot Info

  • Lot Dimensions: 33X165
  • Parcel Identification Number: 3007101150020000

Rental Info

  • Gross Rental Income: 25200
  • Total Rental Income: 25200

Multi Family

  • Total Number Unitsin Building: 2
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 3
  • Half Bathsin Building: 1
  • Net Operating Income: 16632

Tax Info

  • Taxes: 7081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2018
Closed on
Oct 15, 2018
Sold by
Diaz Jose Manuel
Bought by
Orozco Nancy S
Seller's Agent
Vipin Gulati
RE/MAX Professionals Select
Buyer's Agent
Daniel Solone
Home and Land Real Estate LLC
List Price
$225,000
Sold Price
$218,000
Premium/Discount to List
-$7,000
-3.11%
Current Estimated Value
$367,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,686
Avg. Annual Appreciation
7.25%
Original Mortgage
$214,051
Outstanding Balance
$187,651
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$180,035

Purchase Details

Closed on
Feb 13, 2007
Sold by
San Miguel Yrma
Bought by
Diaz Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2006
Sold by
Bradley James T and Bradley Eileen A
Bought by
San Miguel Yrma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 22, 2005
Sold by
Eileen A Bradley & Bradley Properties In
Bought by
Bradley James T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Orozco Nancy S $218,000 Regency Title Services Inc
Diaz Jose Manuel $215,000 First American Title Ins Co
San Miguel Yrma $192,000 First American Title
Bradley James T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orozco Nancy S $214,051
Previous Owner Diaz Jose Manuel $215,000
Previous Owner San Miguel Yrma $153,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2018 10/22/18 Sold $218,000 -3.1% --
09/14/2018 09/14/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $225,000 0.0% --
05/19/2018 05/19/18 Pending -- -- --
04/28/2018 04/28/18 For Sale $225,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $10,317 $123,171 $9,342 $113,829
2023 $10,317 $109,436 $8,300 $101,136
2022 $9,142 $98,992 $7,508 $91,484
2021 $8,689 $92,455 $7,012 $85,443
2020 $8,244 $87,801 $6,659 $81,142
2019 $7,841 $81,600 $6,189 $75,411
2018 $7,513 $75,402 $5,719 $69,683
2017 $7,081 $68,554 $5,200 $63,354
2016 $7,368 $68,554 $5,200 $63,354
2015 $7,613 $68,554 $5,200 $63,354
2014 $7,613 $68,554 $5,200 $63,354
2013 $7,613 $68,554 $5,200 $63,354
Source: Public Records

Agents Affiliated with this Home

  • Vipin Gulati

    Seller's Agent in 2018

    Vipin Gulati

    RE/MAX

    (630) 747-5066

    267 Total Sales

    Vipin Gulati
    Section Image

  • D

    Buyer's Agent in 2018

    Daniel Solone

    Home and Land Real Estate LLC

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09924839

Midwest Real Estate Data (MRED)

APN: 30-07-10-115-002

Illinois Will County Joliet 60432 City Center-Joliet

516 N Chicago St, Joliet, IL

Not Listed for Sale

MultiFamily

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) 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.
Based on information submitted to the MLS GRID

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