NOT LISTED FOR SALE

608 Kungs Way Joliet, IL 60435

Estimated Value: $422,005

7 Beds
4 Baths
-- Sq Ft
0.26 Acres

Last Sold October 28, 2015

Last sale price $237,000

Est. 78% increase in value since last sale

Current estimated payment $3,021/month

162 Days on Market

Highlights

  • Colonial Architecture
  • Baseboard Heating
  • Heating System Uses Steam
  • Porch

About This Home

As of October 2015

ALL BRICK 4 UNIT NEAR ST. JOE'S HOSPITAL. 3 TWO BEDROOMS, 1 ONE BEDROOM. OFF STREET PARKING, REAR YARD BACKS TO TRAILWAY. 24 HOURS TO SHOW. 7% cap. rate, couple rents are low, long term tenants.

Last Agent to Sell the Property

John Kappas

John A. Kappas Realty License #471005737 Listed on: 03/19/2015

Last Buyer's Agent

Keith Warpinski

Coldwell Banker Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,506

Year Built

  • Built in 1963

Lot Details

  • 0.26

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Thomas Jefferson Elementary Scho
  • Joliet West High School

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • Lot Dimensions are 60x130

Community Details

Overview

  • 4 Units
  • Glenwood Manor Subdivision

Building Details

  • Gross Income $35,000
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,506

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Subdivision Name: GLENWOOD MANOR
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Slab
  • 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,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 4

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 265000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Steam, Baseboard
  • Water Source: Public

Fee Information

  • Other Expenses $: 15000

Schools

  • Elementary School: THOMAS JEFFERSON ELEMENTARY SCHO
  • High School: JOLIET WEST HIGH SCHOOL
  • Middle/Junior School District: 86

Lot Info

  • Lot Dimensions: 60X130
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 20000
  • GrossIncome: 35000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8506.14
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2020
Sold by
Sohol Bradley A
Bought by
Home Properties Llc
Current Estimated Value
$422,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,868
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2020
Sold by
Home Properties Llc
Bought by
J Town Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,868
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 19, 2015
Closed on
Oct 23, 2015
Sold by
First Midwest Bank
Bought by
Sohol Bradley A
Seller's Agent
John Kappas
John A. Kappas Realty
Buyer's Agent
Keith Warpinski
Coldwell Banker Commercial
List Price
$279,000
Sold Price
$237,000
Premium/Discount to List
-$42,000
-15.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$177,750
Interest Rate
3.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Home Properties Llc $270,000 Antic
J Town Management Llc -- Antic
Sohol Bradley A $237,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Home Properties Llc $210,868
Previous Owner Sohol Bradley A $30,000
Previous Owner Sohol Bradley A $177,750
Previous Owner Kappas Angelo J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2015 10/28/15 Sold $237,000 0.0% --
08/31/2015 08/31/15 Off Market $237,000 -- --
08/09/2015 08/09/15 Price Changed $265,000 -3.6% --
06/11/2015 06/11/15 Price Changed $275,000 -1.4% --
03/19/2015 03/19/15 For Sale $279,000 -- --
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
2023 $8,279 $122,400 $19,018 $103,382
2022 $8,190 $90,000 $18,645 $71,355
2021 $8,331 $90,000 $18,645 $71,355
2020 $8,325 $93,334 $18,645 $74,689
2019 $8,831 $93,334 $18,645 $74,689
2018 $7,879 $80,640 $18,645 $61,995
2017 $8,164 $80,640 $18,645 $61,995
2016 $8,487 $80,640 $18,645 $61,995
2015 $8,507 $90,000 $18,645 $71,355
2014 $8,507 $83,333 $18,645 $64,688
2013 $8,507 $83,333 $18,645 $64,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08866784

Midwest Real Estate Data (MRED)

APN: 06-12-210-021