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Joliet 60433
606 Florence Avenue
$110,000
● House - Off Market

606 Florence Avenue

Joliet, IL 60433
bedrooms
2 Beds
bathrooms
1 Bath
square feet
704 Ft²
$703
Est. Monthly
20.59%
Cap Rate

About This Property

This ranch-style home with two bedrooms and one bathroom is full of potential and ready for your personal touch. Inside, you'll find a living room along with a dining area and functional kitchen layout. Enjoy the outdoors in style with a sizable patio area and a beautiful pergola, perfect for relaxing, dining, or entertaining.  There is a large shed for extra storage which can provide additional space for tools, equipment or hobbies. There is plenty of storage space. And this house has a bright open layout. A great chance to build equity and make it your own!
Unit Size
704 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$156
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
1920

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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

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • 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: 8
  • Basement Area: 704
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,203
  • Lot Size Frontage Feet: 430
  • Total Building Area: 1,408
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORENCE PARK
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9 IN FLORENCE PARK, BEING A SUB OF PRT OF THE N1/2 OF THE SE1/4 OF SEC 15, T35N-R10E.

Neighborhood

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

Geography

  • Parcel: 30-07-15-406-004
  • Lot: 9
  • Meridian: SEC 15 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5161
  • Longitude: -88.0651

    Address

  • Full Address: 606 Florence Ave
  • Address - House Number: 606
  • Address - Street Name: Florence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C086
  • 4-Digit Zip Code: 2314
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $194,298
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 125,234
  • High Value: 147,440
  • Low Value: 103,028

    Market Valuation

  • Market Total Value: $81,117
  • Market Land Value: $16,188
  • Market Improvement Value: $64,929

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,039
  • Assessed Land Value: $5,396
  • Assessed Improvements Value: $21,643

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2020
  • Current Sale Recording Date: Jun 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020042979
  • Previous Sale Recording Date: May 01, 2008
  • Previous Sale Contract Date: Apr 16, 2008
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

1879 ft²

Average Home Age

42.2 years

Currently For Sale

277 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 307 Stone Street, Joliet, IL, 60435

$2,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
307 Stone Street #1A, Joliet, IL, 60435 Listing by Jeff Jakob
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patti Furman, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12391904
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 606 Florence Avenue built and last sold?
The property at 606 Florence Avenue was built in 1920 and last sold on May 4, 2020 for $90,000.
How much is this home worth?
The estimated value of the home located at 606 Florence Avenue is $0.
What are some comparable homes to 606 Florence Avenue?
There are currently no comparable homes to 606 Florence Avenue.
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