$222,500
●
House -
Off Market
415 Western Avenue
Joliet, IL 60435
4 Beds
3 Baths,
1
Half Bath
3,052 Ft²
$244,517
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
Attention investors and rehabbers! Here is your opportunity to
restore and update a historic Joliet home located in sought after
Cathedral Area. Built in 1918, "The Davis House" has a lot of
charm and character expected in this area. Set high on the
hill this 2-story all brick home features 4 bedrooms, 2.1 baths and
full look-out basement is begging for it's new owner to bring it
back to it's glory. Seller had plans drawn up by his
architect (ask agent for more info) and was ready to start
construction but is now, unfortunately, being transfer out of state
for a their job. Home includes 4 lots. Selling "as-is" - will not
pass FHA. Seller related to listing agent.
Unit Size
3,052 Ft²
Days on Market
-
Land Size
0.78 acres
Price per sqft
$78
Property Type
House
Property Taxes
$1,080
HOA Dues
-
Year Built
1918
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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 #11359286)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2022 | Sold | ||
| Sold | |||
| Mar 28, 2022 | Listed by Keller Williams Success Realty | $239,000 | |
| Listed by Keller Williams Success Realty | |||
| Mar 19, 2022 | No longer available | - | |
| No longer available | |||
| Mar 17, 2022 | Listed by Keller Williams Success Realty | $250,000 | |
| Listed by Keller Williams Success Realty | |||
| | |||
|
Attention investors and rehabbers! Here is your opportunity to restore and update a historic Joliet home located in sought after Cathedral Area. Built in 1918, "The Davis House" has a lot of charm and character expected in this area. Set high on the hill this 2-story all brick home features 4 bedrooms, 2.1 baths and full look-out basement is begging for it's new owner to bring it back to it's glory. Seller had plans drawn up by his architect (ask agent for more info) and was ready to start construction but is now, unfortunately, being transfer out of state for a their job. Home includes 4 lots. Selling "as-is" - cash or 203K loan only. Seller related to listing agent. The manager has listed the unit size as 3052 square feet.
| |||
| Apr 2, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jessica Anthony, Keller Williams Success Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11359286
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# 11359286
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