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Joliet 60432
1557 Elgin Avenue
$65,000
● House - Off Market

1557 Elgin Avenue

JOLIET, IL 60432
bedrooms
3 Beds
bathrooms
1 Bath
$96,786
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Fantastic opportunity to Buy and Renovate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1914

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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 #09601306)

Price History

Date / Event Date Event Price
May 25, 2017 Sold
Premium
Sold
Apr 20, 2017 Listed by Jennings Realty,Inc. $59,900
Listed by Jennings Realty,Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 10,960
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 1,390
  • Total Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARWOOD HEIGHTS
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: BLOCK 2 LOTS 22 23 IN HARWOOD HEIGHTS, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 11, T35N-R10E. CONS PER PET 2004-8

Neighborhood

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

Geography

  • Parcel: 30-07-11-219-047
  • Block: 2
  • Lot: 22,23
  • Meridian: SEC 11 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5341
  • Longitude: -88.0439

    Address

  • Full Address: 1557 Elgin Ave
  • Address - House Number: 1557
  • Address - Street Name: Elgin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C026
  • 4-Digit Zip Code: 2030
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $288,186
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 158,792
  • High Value: 181,336
  • Low Value: 136,249

    Market Valuation

  • Market Total Value: $111,852
  • Market Land Value: $39,384
  • Market Improvement Value: $72,468

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,284
  • Assessed Land Value: $13,128
  • Assessed Improvements Value: $24,156

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2017
  • Current Sale Recording Date: May 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2017041850
  • Previous Sale Recording Date: Feb 03, 2017
  • Previous Sale Contract Date: Feb 03, 2017
  • Previous Sale Document Type: 52
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

1865 ft²

Average Home Age

41.6 years

Currently For Sale

257 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: , Jennings Realty,Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09601306
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 1557 Elgin Avenue built and last sold?
The property at 1557 Elgin Avenue was built in 1914 and last sold on May 17, 2017 for $65,000.
How much is this home worth?
The estimated value of the home located at 1557 Elgin Avenue is $0.
What are some comparable homes to 1557 Elgin Avenue?
There are currently no comparable homes to 1557 Elgin Avenue.
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