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Joliet 60436
602 WHEELER Avenue
$280,000
● House - Off Market

602 WHEELER Avenue

Joliet, IL 60436
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$1,765
Est. Monthly

About This Property

Wonderful 3 bedroom ranch in Joliet's desirable Redwood neighborhood. NEW STAINLESS STEEL APPLIANCES/ NEW LIGHTING/ NEW KITCHEN CABINETS/ NEW GRANITE COUNTERTOPS/ NEW LUXURY PLANK FLOORING/ NEWLY REMODELED SPA LIKE BATHROOM/ NEW HARDWARE/ NEW FIXTURES/ FRESHLY PAINTED. Step inside to a bright living room highlighted by a cozy wood-burning fireplace perfect for relaxing evenings.  Hardwood floors run through the bedrooms, adding warmth and character. The full basement provides great storage and laundry space, with potential for additional living areas.   Enjoy the large deck in front surrounded by mature trees. Two car detached garage. Across the street from West Park with tennis courts, playground equipment, pavilion, hiking/walking trails, and picnic area. Conviently located near I-80, shopping, and schools, this home offers the perfect blend of comfort, convenience, and neighborhood charm.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$244
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1949

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,460
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY PARK ADDITION TO JOLIET
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE N 60.5 FT OF LOT 19 22 (EX THE W 15 FT OF SD LOT 22), IN CITY PARK ADDN TO JOLIET, BEING A SUB OF PRT OF THE E1/2 OF THE

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882900

Geography

  • Parcel: 30-07-17-418-009
  • Lot: 19
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5112
  • Longitude: -88.1049

    Address

  • Full Address: 602 Wheeler Ave
  • Address - House Number: 602
  • Address - Street Name: Wheeler
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C011
  • 4-Digit Zip Code: 2769
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $444,716
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 196,249
  • High Value: 230,758
  • Low Value: 161,741

    Market Valuation

  • Market Total Value: $162,465
  • Market Land Value: $33,873
  • Market Improvement Value: $128,592

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,155
  • Assessed Land Value: $11,291
  • Assessed Improvements Value: $42,864

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 08, 2019
  • Current Sale Recording Date: Aug 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2019056688
  • Previous Sale Recording Date: Jun 18, 2013
  • Previous Sale Contract Date: May 15, 2013
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

1850 ft²

Average Home Age

43 years

Currently For Sale

265 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 121 Davis Avenue, Rockdale, IL, 60436

$1,575 /mo

  • 3 Beds
  • 1 Bath
  • 1,196 ft²
121 Davis Avenue #1, Rockdale, IL, 60436 Listing by Maira Navar
Unit for rent at 400 Summit Street, Joliet, IL, 60435

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,290 ft²
400 Summit Street, Joliet, IL, 60435 Listing by Stacie McGlone
Unit for rent at 719 Taylor Street, Joliet, IL, 60435

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dominick Clarizio, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12566578
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 Wheeler Avenue built and last sold?
The property at 602 Wheeler Avenue was built in 1949 and last sold on Aug 8, 2019 for $123,000.
How much is this home worth?
The estimated value of the home located at 602 Wheeler Avenue is $274,714.
What are some comparable homes to 602 Wheeler Avenue?
There are currently no comparable homes to 602 Wheeler Avenue.
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