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Joliet 60435 Garnsey
1305 NICHOLSON Street
$240,000
● House - Off Market

1305 NICHOLSON Street

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$1,780
Est. Monthly
9.50%
Cap Rate

About This Property

** OFFERS DUE BY 7 PM, ON 06/01 ** Opportunity is knocking and it's bringing its tools and ideas and paint brushes!  Sitting on a rare double lot with not one, but two garages --- ideal for hobbyists, mechanics or anyone dreaming of extra space.  Second lot is buildable. It needs a little love, but don't we all? Whether you're an investor, a creative renovator, or a homeowner ready to put your own spin on something special, this is the house you've been waiting for. Perfectly located near everything, in a prime price point. This will not last long!
Unit Size
1,456 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$601
HOA Dues
-
Year Built
1900

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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
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 960
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,044
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WASHINGTON HEIGHTS
  • Land Acres: 0000000140
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 20 BLOCK 11 IN WASHINGTON HEIGHTS, BEING A SUB OF PRT OF THE E1/2 NW1/4 SEC 4, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881401

Geography

  • Parcel: 30-07-04-116-022
  • Block: 11
  • Lot: 20
  • Meridian: SEC 04 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5475
  • Longitude: -88.0947

    Address

  • Full Address: 1305 Nicholson St
  • Address - House Number: 1305
  • Address - Street Name: Nicholson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C003
  • 4-Digit Zip Code: 4230
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $550,440
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 233,623
  • High Value: 266,790
  • Low Value: 200,455

    Market Valuation

  • Market Total Value: $178,809
  • Market Land Value: $30,324
  • Market Improvement Value: $148,485

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,603
  • Assessed Land Value: $10,108
  • Assessed Improvements Value: $49,495

    Sales

  • Current Sale Contract Date: Nov 26, 2001
  • Current Sale Recording Date: Dec 26, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2001179525
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 Garnsey

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$177

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1695 ft²

Average Home Age

23.5 years

Currently For Sale

2 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: Michelle Carr, eXp Realty
Data Source: MRED, MLS# MRD12375318
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 1305 Nicholson Street built and last sold?
The property at 1305 Nicholson Street was built in 1900 and last sold on Nov 26, 2001 for $92,000.
How much is this home worth?
The estimated value of the home located at 1305 Nicholson Street is $243,721.
What are some comparable homes to 1305 Nicholson Street?
There are currently no comparable homes to 1305 Nicholson Street.
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