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Will 60432
538 Algonquin Street
$55,000
● House - Off Market

538 Algonquin Street

Joliet, IL 60432
bedrooms
1 Bed
bathrooms
1 Bath
square feet
680 Ft²
$59,777
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

1 Bedroom 1 Bath home on double lot. Needs a fair amount of work but to the right buyer this is a great opportunity. Sold before print
Unit Size
680 Ft²
Days on Market
-
Land Size
-
Price per sqft
$88
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1928

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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 #11888419)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Sep 20, 2023 Listed by RE/MAX Top Properties $60,000
Listed by RE/MAX Top Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,059
  • Total Building Area: 680
  • Building Area: 680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELMONT BEING A
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 150 IN BELMONT, BEING A SUBDIVISION OF THE W1/2 OF THE NW1/4 OF SECTION 12, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882200

Geography

  • Parcel: 30-07-12-119-002
  • Lot: 150
  • Meridian: SEC 12 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5364
  • Longitude: -88.042

    Address

  • Full Address: 538 Algonquin St
  • Address - House Number: 538
  • Address - Street Name: Algonquin
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C026
  • 4-Digit Zip Code: 2160
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $137,148
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 76
  • Final Value: 102,108
  • High Value: 120,330
  • Low Value: 83,886

    Market Valuation

  • Market Total Value: $77,664
  • Market Land Value: $12,690
  • Market Improvement Value: $64,974

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,888
  • Assessed Land Value: $4,230
  • Assessed Improvements Value: $21,658

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Nov 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 58614
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2360 ft²

Average Home Age

33.1 years

Currently For Sale

1548 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

Rentals Near You

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MRED

Listed by: David Welter, RE/MAX Top Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11888419
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 538 Algonquin Street built and last sold?
The property at 538 Algonquin Street was built in 1928 and last sold on Oct 18, 2023 for $55,000.
How much is this home worth?
The estimated value of the home located at 538 Algonquin Street is $0.
What are some comparable homes to 538 Algonquin Street?
There are currently no comparable homes to 538 Algonquin Street.
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