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Ingalls Park 60433
2116 Hanover Street
$226,000
● House - Off Market

2116 Hanover Street

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,232 Ft²
$1,379
Est. Monthly

About This Property

This charming 3-bedroom, 1-bath home offers both comfort and functionality in a convenient location. Step inside to find a well-maintained interior that's move-in ready.  There is plumbing for 1/2 bath within the home but the space is currently being used for storage. Outside, you'll love the oversized deck and covered porch, ideal for relaxing or entertaining. A 1.5-car detached garage provides ample storage and parking space.  With its inviting layout and outdoor space made for gathering, this home is a wonderful opportunity.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$183
Property Type
House
Property Taxes
$273
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 1,232
  • Garage Type: 4
  • Garage Square Area: 320
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,878
  • Total Building Area: 2,464
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTMORELAND
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 68 69 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 TH

Neighborhood

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

Geography

  • Parcel: 30-07-13-208-026
  • Lot: 30
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5235
  • Longitude: -88.0303

    Address

  • Full Address: 2116 Hanover St
  • Address - House Number: 2116
  • Address - Street Name: Hanover
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C056
  • 4-Digit Zip Code: 1520
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $311,068
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 185,357
  • High Value: 218,224
  • Low Value: 152,490

    Market Valuation

  • Market Total Value: $134,304
  • Market Land Value: $19,692
  • Market Improvement Value: $114,612

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,768
  • Assessed Land Value: $6,564
  • Assessed Improvements Value: $38,204

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jul 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34648
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

Unit for rent at 902 E Cass Street, Joliet, IL, 60432

$975 /mo

  • 1 Bed
  • 1 Bath
  • 400 ft²
902 E Cass Street #B, Joliet, IL, 60432 Listing by Lori Gilmore

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laura McGreal, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12499535
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 2116 Hanover Avenue built and last sold?
The property at 2116 Hanover Avenue was built in 1950 and last sold on Jun 22, 2023 for $174,000.
How much is this home worth?
The estimated value of the home located at 2116 Hanover Avenue is $0.
What are some comparable homes to 2116 Hanover Avenue?
There are currently no comparable homes to 2116 Hanover Avenue.
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