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Ingalls Park 60433
127 Independence Avenue
$213,000
● House - Off Market

127 Independence Avenue

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,260 Ft²
$1,354
Est. Monthly
11.76%
Cap Rate

About This Property

COME TO SEE THIS BEAUTIFUL CONDITION RANCH WITH 3 BED AND              1 1/2 BATH RECENTLY REFRESHED (PAINT INSIDE & OUTSIDE, HARDWOOD FLOORING ON QUIET RESIDENTIAL SIDE ST ON INGALLS PARK.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1950

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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: 3 years ago (MRED MLS #12068909)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
May 28, 2024 Listed by Real People Realty Inc $213,900
Listed by Real People Realty Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 4
  • 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: 1,260
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,828
  • Lot Size Frontage Feet: 370
  • Total Building Area: 2,520
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTMORELAND
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 276 (EX THE E 92 FT OF THE S 3 FT) THE N 20 FT OF THE W 50.50 FT OF LOT 277 IN EASTMORELAND, OF LOT 30 AND PRT OF LOTS 2

Neighborhood

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

Geography

  • Parcel: 30-07-13-214-049
  • Lot: 276
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5212
  • Longitude: -88.0327

    Address

  • Full Address: 127 Independence Ave
  • Address - House Number: 127
  • Address - Street Name: Independence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C056
  • 4-Digit Zip Code: 1523
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $354,714
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 187,032
  • High Value: 220,196
  • Low Value: 153,868

    Market Valuation

  • Market Total Value: $133,518
  • Market Land Value: $12,210
  • Market Improvement Value: $121,308

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,506
  • Assessed Land Value: $4,070
  • Assessed Improvements Value: $40,436

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 15, 2016
  • Current Sale Recording Date: Jan 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2016006437
  • Previous Sale Recording Date: Jan 07, 2015
  • Previous Sale Contract Date: Dec 29, 2014
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
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:

$215,000

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

50

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

Rentals Near You

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MRED

Listed by: Carlos Rocha, Real People Realty Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12068909
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 127 Independence Avenue built and last sold?
The property at 127 Independence Avenue was built in 1950 and last sold on Jan 15, 2016 for $96,000.
How much is this home worth?
The estimated value of the home located at 127 Independence Avenue is $216,039.
What are some comparable homes to 127 Independence Avenue?
There are currently no comparable homes to 127 Independence Avenue.
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