$220,000
●
House -
Off Market
357 N Prairie Avenue
Joliet, IL 60435
3 Beds
2 Baths
2,548 Ft²
$1,292
Est. Monthly
11.94%
Cap Rate
About This Property
Cathedral Area Gem built in 1900! Two story home with 2,548 square
feet. Original grand staircase with quarter sawn oak and lead glass
window. Needs updating but a great solid house! Current owner
purchased home as a two unit (currently not zoned as a two unit.)
Separate utilities with the exception of Joliet water. Separate
entrances in back of home. Cozy enclosed front and back porches and
screened patio. This home has 3 bedrooms. Upstairs has its own
kitchen and one of the bedrooms was being used as a living room.
Full bath on each level plus a shower in the basement. Two car
detached garage and nice yard! Lots of potential here! Home is
being sold AS-IS. Motivated seller. All offers considered!
Unit Size
2,548 Ft²
Days on Market
-
Land Size
-
Price per sqft
$94
Property Type
House
Property Taxes
$113
HOA Dues
-
Year Built
1924
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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 #12041736)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2024 | Sold | ||
| Sold | |||
| Apr 30, 2024 | No longer available | - | |
| No longer available | |||
| Apr 29, 2024 | Listed by RE/MAX Ultimate Professionals | $240,000 | |
| Listed by RE/MAX Ultimate Professionals | |||
| Apr 19, 2024 | Listed by RE/MAX Ultimate Professionals | $250,000 | |
| Listed by RE/MAX Ultimate Professionals | |||
| | |||
|
Cathedral Area Gem built in 1900! Two story home with 2,548 square feet. Original grand staircase with quarter sawn oak and lead glass window. Needs updating but a great solid house! Current owner purchased home as a two unit (currently not zoned as a two unit.) Separate utilities with the exception of Joliet water. Separate entrances in back of home. Cozy enclosed front and back porches and screened patio. This home has 3 bedrooms. Upstairs has its own kitchen and one of the bedrooms was being used as a living room. Full bath on each level plus a shower in the basement. Two car detached garage and nice yard! Lots of potential here! Home is being sold AS-IS. The manager has listed the unit size as 2548 square feet.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cathedral Area
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Currently no similar homes aroundNearby Rentals
Listed by: Judy Archer, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 12041736
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12041736
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