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West Chicago 60185
518 Joliet Street
$235,000
● House - Off Market

518 Joliet Street

West Chicago, IL 60185
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$244,409
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Here is a great opportunity to add some TLC and your personal touch and have a Gem on your hands. This great home has 4 bedrooms and 2 full bathrooms plus a great back yard! Two bedrooms and a full bath on the upper level with two bedrooms and a full bath on the lower level too! The spacious and private backyard is an excellent space for get togethers and has a privacy fence, brick patio with retractable awning, spacious yard and a stocked koi pond. There is a 20x7 screened in front porch on the front great for morning coffee or evening cocktails. There are hardwood floors under the carpet on the main level. Located just a few blocks from Community High School. Half mile to Gary Elementary and Leman Middle Schools. Less than 1 mile from West Chicago train station.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$163
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1918

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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.

Last updated: 3 years ago (MRED MLS #11446895)

Price History

Date / Event Date Event Price
Sep 26, 2022 Sold
Premium
Sold
Jun 25, 2022 Listed by Century 21 Affiliated $235,000
Listed by Century 21 Affiliated

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOLIET ST ADD TO TURNER
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: JOLIET ST ADD TO TURNER

Neighborhood

  • School District Name: West Chicago School District 33
  • School Tax School District: WEST CHICAGO
  • Census Tract: 841501

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3022-C5
  • Parcel: 04-09-435-016
  • Block: 2
  • Lot: 5
  • Municipality: WINFIELD
  • Latitude: 41.8768
  • Longitude: -88.2049

    Address

  • Full Address: 518 Joliet St
  • Address - House Number: 518
  • Address - Street Name: Joliet
  • Address - Suffix Type: St
  • State: IL
  • City Name: West Chicago
  • Carrier Code: C008
  • 4-Digit Zip Code: 3331
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $405,280
  • Tax Rate Code Area: 4011

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 192,655
  • High Value: 222,937
  • Low Value: 162,372

    Market Valuation

  • Market Total Value: $146,460
  • Market Land Value: $48,480
  • Market Improvement Value: $97,980

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,820
  • Assessed Land Value: $16,160
  • Assessed Improvements Value: $32,660

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 89176
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 West Chicago

Stats & Trends

Median Asking:

$384,900

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2116 ft²

Average Home Age

55.5 years

Currently For Sale

10 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 1n480 Indian Knoll Road, West Chicago, IL, 60185

$6,500 /mo

  • 5 Beds
  • 2 Baths
  • 2,968 ft²
1n480 Indian Knoll Road, West Chicago, IL, 60185 Listing by Michael LaFido
Unit for rent at 137 E Washington Street, West Chicago, IL, 60185

$1,295 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
137 E Washington Street #1R, West Chicago, IL, 60185 Listing by Jennifer Niederbrach-Soszko

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Teresa Ryan, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 11446895
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 518 Joliet Street built and last sold?
The property at 518 Joliet Street was built in 1918 and last sold on Sep 20, 2022 for $235,000.
How much is this home worth?
The estimated value of the home located at 518 Joliet Street is $0.
What are some comparable homes to 518 Joliet Street?
There are currently no comparable homes to 518 Joliet Street.
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