NOT LISTED FOR SALE

Estimated Value: $270,000 - $576,678

8 Beds
4 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold September 09, 2022

Last sale price $441,600

Est. 2% increase in value since last sale

Current estimated payment $3,350/month

13 Days on Market

Highlights

  • Traditional Architecture
  • 4 Car Detached Garage
  • Ceiling Fan
  • Corner Lot
  • Patio
  • Heating System Uses Steam

About This Home

As of September 2022

Outstanding location on this 2-story 4-unit brick building with basement and 4-car detached carport. The units have separate entrances each with both front and back door. Each unit has a large living room and kitchen with covered front porches. Basement includes storage and available 4 separate hookups for tenants' laundry appliances. Stairways to second floor units are covered. The property is being sold "as is " but will qualify for all types of financing. The units are labeled A,B,C, & D. A & B are 1st floor units. C & D are 2nd floor units. Units A & C are on the North Side of the Building. Unit C, newly remodeled inside, is vacant and available for showings. Some items to be completed. All separately metered utilities. All month-to-month rents were frozen at pre-pandemic levels of $800, $900, & $985. Market rent for these units is $1000 - $1100. Roof done in 2009.

Last Agent to Sell the Property

Timothy Brophy

Dow Realty License #471015222 Listed on: 06/23/2022

Last Buyer's Agent

Kayleigh Condon

Century 21 Kroll Realty License #471021898

Century 21 Kroll Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,619

Year Built

  • Built in 1966

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 58 x 133
  • Corner Lot

Parking

  • 4 Car Detached Garage
  • Carport
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Sump Pump

Schools

  • Farragut Elementary School
  • Dirksen Junior High School
  • Joliet West High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Additional Features

  • Ceiling Fan
  • Patio

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $480
  • Insurance Expense $1,964
  • Trash Expense $1,000
  • Water Sewer Expense $1,400
  • Gross Income $44,220
  • Net Operating Income $27,837

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,619

Year Built

Built in 1966

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1966
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: Ceiling Fan(s), Sump Pump, Multiple Water Heaters
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 459000
  • Lot Features: Corner Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 8
  • Garage Details: Carport
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights
  • Conversion YN: N

Fee Information

  • Trash Expense: 1000
  • Water Sewer Expenses: 1400
  • Other Expenses $: 1920
  • Trash Expense Year: 2022

Schools

  • Elementary School: Farragut Elementary School
  • High School: Joliet West High School
  • Middle/Junior School: Dirksen Junior High School
  • Middle/Junior School District: 86

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 58 X 133
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 27837
  • Insurance Expense: 1964
  • ElectricExpense: 480
  • GrossIncome: 44220
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9619.14
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Sep 9, 2022
Sold by
Resendiz Philip C
Bought by
Midwest Capital Investments Ii Llc
Seller's Agent
Timothy Brophy
Dow Realty
Buyer's Agent
Kayleigh Condon
Century 21 Kroll Realty
List Price
$459,000
Sold Price
$441,600
Premium/Discount to List
-$17,400
-3.79%
Views
5
Current Estimated Value
$452,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,820
Avg. Annual Appreciation
0.79%

Purchase Details

Listed on
Dec 26, 2019
Closed on
Mar 18, 2020
Sold by
Ivins Todd A and Carol J Ivins Trust
Bought by
Resendiz Philip C and Resendiz Jennifer M
Seller's Agent
Thomas Mulvey
Dow Realty
Buyer's Agent
Timothy Brophy
Dow Realty
List Price
$339,500
Sold Price
$335,000
Premium/Discount to List
-$4,500
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%

Purchase Details

Closed on
Apr 4, 2014
Sold by
Ivins Carol J
Bought by
Carol J Ivins Trust

Purchase Details

Closed on
Mar 30, 1994
Sold by
First National Bank Of Joliet
Bought by
Ivins Donald E and Ivins Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,900
Interest Rate
7.17%
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
Midwest Capital Investments Ii Llc $441,600 First American Title
Resendiz Philip C $333,500 Fidelity National Title Ins
Carol J Ivins Trust -- None Available
Ivins Donald E $178,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ivins Donald E $124,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $441,600 -3.8% --
07/07/2022 07/07/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $459,000 +37.0% --
03/20/2020 03/20/20 Sold $335,000 -1.3% --
01/06/2020 01/06/20 Pending -- -- --
12/26/2019 12/26/19 For Sale $339,500 -- --
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 $11,421 $136,356 $12,855 $123,501
2023 $11,421 $121,152 $11,422 $109,730
2022 $10,121 $109,590 $10,332 $99,258
2021 $9,619 $102,354 $9,650 $92,704
2020 $8,886 $94,638 $9,164 $85,474
2019 $8,452 $87,954 $8,517 $79,437
2018 $8,098 $81,273 $7,870 $73,403
2017 $7,633 $73,891 $7,155 $66,736
2016 $7,313 $68,043 $6,559 $61,484
2015 $7,046 $63,800 $6,150 $57,650
2014 $7,046 $63,450 $6,100 $57,350
2013 $7,046 $66,220 $6,779 $59,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11444585

Midwest Real Estate Data (MRED)

APN: 30-07-09-322-011