For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Preston Heights 60433
116 Luana Road
$190,000
● House - Off Market

116 Luana Road

Joliet, IL 60433
bedrooms
2 Beds
bathrooms
1 Bath
square feet
816 Ft²
$1,157
Est. Monthly

About This Property

Check out the 3D Tour of this completely rehabbed 2 Bedroom, 1 Bathroom Ranch.  Move-in ready!  Freshly painted throughout, new luxury vinyl plank flooring, and new carpet.  Kitchen offers refreshed cabinetry, new granite counters and sink.  New Bathroom. New Roof, Gutters, and Downspouts on both the house and garage. New Furnace and Hot Water Heater. New Interior Doors. Newer Vinyl Windows.
Unit Size
816 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$233
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1954

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 816
  • Garage Type: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,778
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 640
  • Total Building Area: 1,632
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 24
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTON HEIGHTS
  • Land Acres: 0000000200
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 15 BLOCK 7 IN PRESTON HEIGHTS, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC. 27, T35N-R10E.

Neighborhood

  • School District Name: Laraway Community Consolidated School District 70C
  • Census Tract: 883100

Geography

  • Parcel: 30-07-27-109-015
  • Block: 7
  • Lot: 15
  • Meridian: SEC 27 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4927
  • Longitude: -88.0764

    Address

  • Full Address: 116 Luana Rd
  • Address - House Number: 116
  • Address - Street Name: Luana
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C092
  • 4-Digit Zip Code: 3120
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $230,082
  • Tax Rate Code Area: 3043

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 133,724
  • High Value: 157,435
  • Low Value: 110,012

    Market Valuation

  • Market Total Value: $81,327
  • Market Land Value: $17,385
  • Market Improvement Value: $63,942

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,109
  • Assessed Land Value: $5,795
  • Assessed Improvements Value: $21,314

    Sales

  • Current Sale Contract Date: Oct 20, 2011
  • Current Sale Recording Date: Nov 08, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2011105119
  • Previous Sale Recording Date: Nov 16, 2010
  • Previous Sale Contract Date: Nov 03, 2010
  • Previous Sale Amount: $27,000
  • Previous Sale Document Type: 64
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 Preston Heights

Stats & Trends

Median Asking:

$222,500

Sale Price/ft²

$182

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1531 ft²

Average Home Age

56.8 years

Currently For Sale

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

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Matt Grander, Keller Williams Infinity
Data Source: MRED, MLS# MRD12558969
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 116 Luana Road built and last sold?
The property at 116 Luana Road was built in 1954 and last sold on Oct 20, 2011 for $25,000.
How much is this home worth?
The estimated value of the home located at 116 Luana Road is $0.
What are some comparable homes to 116 Luana Road?
There are currently no comparable homes to 116 Luana Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Joliet Homes for Sale
Joliet Houses for Sale
Joliet Condos for Sale
Joliet Townhouses for Sale
Joliet Multifamily for Sale
Joliet Land for Sale
Joliet Commercial for Sale
Joliet Homes with Basements
Nearby Cities
Plainfield Homes for Sale
Lockport Homes for Sale
Romeoville Homes for Sale
New Lenox Homes for Sale
Homer Glen Homes for Sale
Shorewood Homes for Sale
Crest Hill Homes for Sale
Channahon Homes for Sale
Nearby Property Records
Will County, IL Property Records
Kendall County, IL Property Records
Grundy County, IL Property Records
DuPage County, IL Property Records
Cook County, IL Property Records
Kankakee County, IL Property Records
Kane County, IL Property Records
DeKalb County, IL Property Records
Neighborhoods
Cathedral Area Real Estate
Reedwood Real Estate
Country Glen Real Estate
St. Pat's Real Estate
Cunningham Real Estate
Cumberland Real Estate
Emerald Lawns Real Estate
Mayfair Real Estate
Nearby Counties
Plainfield Homes for Sale
Lockport Homes for Sale
Troy Homes for Sale
Homer Homes for Sale
New Lenox Homes for Sale
Manhattan Homes for Sale
Channahon Homes for Sale
Jackson Homes for Sale
Top Real Estate Agents
Top Agents in Joliet
Top Agents in Plainfield
Top Agents in Lockport
Top Agents in Plainfield
Top Agents in Troy
Top Agents in 60586
Top Agents in Homer
Top Agents in 60435