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Ingalls Park 60433
123 Schorie Avenue
$155,000
● House - Off Market

123 Schorie Avenue

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,309 Ft²
$1,048
Est. Monthly
18.72%
Cap Rate

About This Property

SWEAT EQUITY AWAITS within this darling Cape Cod home nestled within the heart of Joliet's Ingalls Park neighborhood! Home features 3 bedrooms, 1 bathroom, full basement (unfinished), detached 2 car garage, and ample storage space throughout! Home is sold As-Is, Where-Is with NO repairs. Home is a court-ordered estate sale. Cash purchase or Conventional or FHA 203K loans only.
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$115
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1924

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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.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 468
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,330
  • Total Building Area: 1,309
  • Building Area: 1,309
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,309
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTMORELAND
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 461 IN EASTMORELAND, A SUB OF LOT 30 AND PRT OF LOTS 28 29, OF R J BARR'S SUB OF PRT OF THE S1/2 OF SEC 12 PRT OF THE N

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882300

Geography

  • Parcel: 30-07-13-115-027
  • Lot: 461
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5211
  • Longitude: -88.0352

    Address

  • Full Address: 123 Schorie Ave
  • Address - House Number: 123
  • Address - Street Name: Schorie
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C056
  • 4-Digit Zip Code: 1407
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $351,624
  • Tax Rate Code Area: 3017

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 168,306
  • High Value: 192,200
  • Low Value: 144,412

    Market Valuation

  • Market Total Value: $112,641
  • Market Land Value: $14,178
  • Market Improvement Value: $98,463

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,547
  • Assessed Land Value: $4,726
  • Assessed Improvements Value: $32,821
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 Ingalls Park

Stats & Trends

Median Asking:

$216,500

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

51

Average Home Size

822 ft²

Average Home Age

92.3 years

Currently For Sale

3 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

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MRED

Listed by: Jerrick Longest, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12385684
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 123 Schorie Avenue built and last sold?
The property at 123 Schorie Avenue was built in 1924 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 123 Schorie Avenue is $151,500.
What are some comparable homes to 123 Schorie Avenue?
There are currently no comparable homes to 123 Schorie Avenue.
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