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Joliet 60432
Undisclosed Address
$64,000
● House - Off Market

Undisclosed Address

Joliet, IL 60432
bedrooms
1 Bed
bathrooms
3 Baths, 1 Half Bath
square feet
856 Ft²
$556
Est. Monthly
30.15%
Cap Rate

About This Property

Excellent opportunity for investors, fix this house with your ideas and turn it into a cozy home! 24 Hours Notice, Tenants Occupancy ...
Unit Size
856 Ft²
Days on Market
-
Land Size
-
Price per sqft
$75
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1895

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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.

Last updated: 2 years ago (MRED MLS #12207290)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Premium
Sold
Nov 9, 2024 Listed by Casa Moderna Real Estate $64,000
Listed by Casa Moderna Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • 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: 8
  • Basement Area: 856
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,519
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,712
  • Building Area: 856
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 856
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEVENS & MUNROES
  • Land Acres: 0000000060
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THAT PRT OF LOT 14 IN STEVENS AND MUNROES SUB OF PRT OF LOT 8 IN THE ASSESSORS SUB, BEING A SUB OF PRT OF THE E1/2 OF THE SE1

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882100

Geography

  • Parcel: 30-07-10-421-002
  • Lot: 14
  • Meridian: SEC 10 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5268
  • Longitude: -88.0662

    Address

  • Full Address: 602 Jerome Ave
  • Address - House Number: 602
  • Address - Street Name: Jerome
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C080
  • 4-Digit Zip Code: 2937
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $270,976
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.4677
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 6
  • Final Value: 199,966
  • High Value: 293,495
  • Low Value: 106,436

    Market Valuation

  • Market Total Value: $88,026
  • Market Land Value: $13,983
  • Market Improvement Value: $74,043

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,342
  • Assessed Land Value: $4,661
  • Assessed Improvements Value: $24,681

    Sales

  • Current Sale Contract Date: Oct 04, 2002
  • Current Sale Recording Date: May 16, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2003113157
  • Previous Sale Recording Date: Aug 31, 1998
  • Previous Sale Contract Date: Aug 27, 1998
  • Previous Sale Amount: $26,000
  • Previous Sale Document Type: 71
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

1889 ft²

Average Home Age

41.3 years

Currently For Sale

274 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: Alma (Coral) Ortega, Casa Moderna Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12207290
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 602 Jerome Avenue built and last sold?
The property at 602 Jerome Avenue was built in 1895 and last sold on Oct 4, 2002 for $60,000.
How much is this home worth?
The estimated value of the home located at 602 Jerome Avenue is $0.
What are some comparable homes to 602 Jerome Avenue?
There are currently no comparable homes to 602 Jerome Avenue.
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