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Ingalls Park 60433
205 Independence Avenue
$162,500
● House - Off Market

205 Independence Avenue

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$154,469
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

**Seller is calling for highest and best by Monday January 23 at 1pm. We will try to have an answer by 5pm. **    WOW!! Immaculate 3 bedroom ranch! Updated kitchen cabinets, counter tops, sink,faucet,light fixtures, stainless steel appliances. Updated bathroom with granite counter tops, vanity,vinyl plank flooring, light fixtures, faucet.New light fixtures, interior doors,trim. Roof,windows,siding,electrical & drywall done in 2011. Lots of natural light! Plenty of parking space. All appliances stay! Easy access to I-80/355,hospitals,shopping,restaurants. Excellent house!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$100
Property Type
House
Property Taxes
$149
HOA Dues
-
Year Built
1931

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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: 3 years ago (MRED MLS #11704773)

Price History

Date / Event Date Event Price
Mar 2, 2023 Sold
Premium
Sold
Jan 20, 2023 Listed by CRIS REALTY $149,900
Listed by CRIS REALTY

Property Highlights

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 872
  • Garage Type: 4
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,967
  • Total Building Area: 1,744
  • Building Area: 872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 872
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTMORELAND
  • Land Acres: 0000000140
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 284 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: 30-07-13-214-057
  • Lot: 284
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5204
  • Longitude: -88.0323

    Address

  • Full Address: 205 Independence Ave
  • Address - House Number: 205
  • Address - Street Name: Independence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C056
  • 4-Digit Zip Code: 1525
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $186,246
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1778
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 76
  • Final Value: 124,231
  • High Value: 146,328
  • Low Value: 102,133

    Market Valuation

  • Market Total Value: $60,654
  • Market Land Value: $12,210
  • Market Improvement Value: $48,444

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,218
  • Assessed Land Value: $4,070
  • Assessed Improvements Value: $16,148

    Sales

  • Current Sale Contract Date: Feb 22, 2023
  • Current Sale Recording Date: Feb 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 8708
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:

$218,000

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

52

Average Home Size

918 ft²

Average Home Age

90.2 years

Currently For Sale

5 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: April Blair, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 11704773
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 205 Independence Avenue built and last sold?
The property at 205 Independence Avenue was built in 1931 and last sold on Feb 22, 2023 for $162,500.
How much is this home worth?
The estimated value of the home located at 205 Independence Avenue is $0.
What are some comparable homes to 205 Independence Avenue?
There are currently no comparable homes to 205 Independence Avenue.
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