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Joliet 60432
1108 Elgin Avenue
$230,000
● House - Off Market

1108 Elgin Avenue

Joliet, IL 60432
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,232 Ft²
$1,460
Est. Monthly
11.85%
Cap Rate

About This Property

Great location and very affordable remodeled raised ranch!!!  This property features a NEW FURNACE/ NEW HOT WATER TANK/ FRESHLY PAINTED/ NEW STAINLESS STEEL APPLIANCES/NEW CABINETS/ BEAUTIFUL NEW HARDWARE/ NEW SUBWAY TILE/ NEW FLOORING and the list goes on and on.  The property features a large 2 car detached garage and great yard for family gatherings.  The area has many great amenities and it's close to Silver Cross/ I-355 and I-80 great shopping new sports complex and soccer fields.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12158109)

Price History

Date / Event Date Event Price
Oct 31, 2024 Sold
Premium
Sold
Sep 13, 2024 In contract -
In contract
Sep 7, 2024 Listed by @properties Christie's International Real Estate $229,900
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,588
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEWOOD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 IN RIDGEWOOD, A SUB BY GEORGE H MUNROE, BEING A SUB OF SEC 11, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882200

Geography

  • Parcel: 30-07-11-104-005
  • Lot: 8
  • Meridian: SEC 11 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5337
  • Longitude: -88.0543

    Address

  • Full Address: 1108 Elgin Ave
  • Address - House Number: 1108
  • Address - Street Name: Elgin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C080
  • 4-Digit Zip Code: 1904
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $396,464
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 183,058
  • High Value: 209,046
  • Low Value: 157,069

    Market Valuation

  • Market Total Value: $128,790
  • Market Land Value: $19,890
  • Market Improvement Value: $108,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,930
  • Assessed Land Value: $6,630
  • Assessed Improvements Value: $36,300
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1850 ft²

Average Home Age

43 years

Currently For Sale

265 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Dominick Clarizio, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12158109
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1108 Elgin Avenue built and last sold?
The property at 1108 Elgin Avenue was built in 1929 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1108 Elgin Avenue is $232,546.
What are some comparable homes to 1108 Elgin Avenue?
There are currently no comparable homes to 1108 Elgin Avenue.
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