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Joliet 60433 Adella McLean
202 Logan Avenue
$151,000
● House - Off Market

202 Logan Avenue

Joliet, IL 60433
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$1,129
Est. Monthly
21.31%
Cap Rate

About This Property

Great investment opportunity.  4 bedrooms, 3 full bathrooms. Plumbing and HVAC complete. Electric 90% done. 2 furnaces (1 attic and 1 utility room) , tankless water heater, All new raised panel hardwood doors. Comps in the area for 4 bedroom 3 full bath go for up to 280K . French doors that lead to a nice big backyard. Detached 1 car garage. Master bedroom has walk in closet, skylight and fireplace. We have all bathroom tubs, one whirlpool tub, sinks, toilet and his and her sinks. Insulation included. Just needs drywall, flooring, cabinets and appliances.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$70
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MRED MLS #12137212)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Sep 20, 2024 In contract -
In contract
Aug 13, 2024 Listed by The Koenig Group Inc $169,000
Listed by The Koenig Group Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 2
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 780
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,477
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,560
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AVERYS ADDITION TO JOLIET
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 30 IN AVERY'S ADDN TO JOLIET, BEING A SUB OF PART OF THE E1/2 OF THE NW1/4 OF SEC 14, T35N-R10E

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882400

Geography

  • Parcel: 30-07-14-113-015
  • Lot: 30
  • Meridian: SEC 14 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5208
  • Longitude: -88.0545

    Address

  • Full Address: 202 Logan Ave
  • Address - House Number: 202
  • Address - Street Name: Logan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C039
  • 4-Digit Zip Code: 1222
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $358,036
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 162,989
  • High Value: 191,890
  • Low Value: 134,089

    Market Valuation

  • Market Total Value: $134,307
  • Market Land Value: $17,529
  • Market Improvement Value: $116,778

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,769
  • Assessed Land Value: $5,843
  • Assessed Improvements Value: $38,926

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2004
  • Current Sale Recording Date: Sep 10, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2004167934
  • Previous Sale Recording Date: May 06, 2003
  • Previous Sale Contract Date: Mar 25, 2003
  • Previous Sale Document Type: 40

    Financing

  • First Mortgage Financing Type: ADJ
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 Adella McLean

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

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

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Nearby Rentals

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MRED

Listed by: Amber Duffy, The Koenig Group Inc
Last Updated: 2 years ago
Data Source: MRED, MLS# 12137212
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 202 Logan Avenue built and last sold?
The property at 202 Logan Avenue was built in 1956 and last sold on May 11, 2004 for $83,000.
How much is this home worth?
The estimated value of the home located at 202 Logan Avenue is $170,690.
What are some comparable homes to 202 Logan Avenue?
There are currently no comparable homes to 202 Logan Avenue.
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