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Joliet 60433
514 3rd Avenue
$80,000
● House - Off Market

514 3rd Avenue

JOLIET, IL 60433
bedrooms
2 Beds
bathrooms
1 Bath
$144,549
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

Investors And Rehabbers!!!  Solid Brick 2-Bedroom/1 Bath Bungalow with Full Basement & 1 Car Garage!  Does need some "lipstick!" But would be worth the effort!  Home, mechanicals, and garage SOLD IN "AS-IS" Condition Only!  Please include Rider 401!  Check out the price!  The Seller IS Motivated!!!   Easy To Show!!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$137
HOA Dues
-
Year Built
1930

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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.

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 4
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,880
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J A HENRY'S RE SUB
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 BLOCK 3 IN J A HENRY'S RE SUB OF BLKS 2,3,4,9,10 11 OF J A HENRY'S ADDN TO WOODLAND, BEING A SUB OF PRT OF THE W1/2 OF

Neighborhood

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

Geography

  • Parcel: 30-07-15-232-008
  • Block: 3
  • Lot: 2
  • Meridian: SEC 15 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5188
  • Longitude: -88.0673

    Address

  • Full Address: 514 3rd Ave
  • Address - House Number: 514
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C086
  • 4-Digit Zip Code: 1918
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $212,620
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 126,415
  • High Value: 148,366
  • Low Value: 104,464

    Market Valuation

  • Market Total Value: $87,069
  • Market Land Value: $15,315
  • Market Improvement Value: $71,754

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,023
  • Assessed Land Value: $5,105
  • Assessed Improvements Value: $23,918

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 11, 2007
  • Current Sale Recording Date: Feb 08, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2007022563
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 Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1844 ft²

Average Home Age

42.7 years

Currently For Sale

258 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: Andrew Domas, Coldwell Banker The Real Estate Group
Data Source: MRED, MLS# MRD06295567
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 514 3rd Avenue built and last sold?
The property at 514 3rd Avenue was built in 1930 and last sold on Jan 11, 2007 for $80,000.
How much is this home worth?
The estimated value of the home located at 514 3rd Avenue is $0.
What are some comparable homes to 514 3rd Avenue?
There are currently no comparable homes to 514 3rd Avenue.
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