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Joliet 60435
607 Mason Avenue
$160,000
● House - Off Market

607 Mason Avenue

Joliet, IL 60435
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,064 Ft²
$1,116
Est. Monthly
12.16%
Cap Rate

About This Property

FANTASTIC 2 BEDROOM, 1 BATH RANCH STYLED HOME LOCATED 1 BLOCK OFF ROUTE 30 AND STEPS TO BLACK ROAD. THE HOME IS SURROUNDED BY HISTORY WHETHER IT'S ST. FRANCIS UNIVERSITY, SHOPPING OR DOWNTOWN JOLIET, EVERYTHING IS A SHORT DISTANCE AWAY. OVER 1000SF 2 BEDROOM HOME WITH SPACIOUS ROOMS & FULL, PARTIALLY FINISHED BASEMENT. THE KITCHEN HAS ORIGINAL OAK CABINETS/EATING SPACE AND APPLIANCES. HARDWOODS ARE UNDER CARPETS. ATTACHED 1 1/2 CAR GARAGE.
Unit Size
1,064 Ft²
Days on Market
-
Land Size
-
Price per sqft
$157
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1955

Payment Calculator

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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 #12024005)

Price History

Date / Event Date Event Price
Apr 29, 2024 Sold
Premium
Sold
Apr 8, 2024 Listed by Wilk Real Estate $167,500
Listed by Wilk Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,719
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,316
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: P R BANNONS
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E 62.5 FT OF LOT 45 LOT 46 (EXCEPT THE W 62.5 FT THROF) IN PR BANNONS SUB OF BLK 3 OF CANAL TRUSTEE'S SUB OF THE W1/2 OF

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881800

Geography

  • Parcel: 30-07-09-103-016
  • Block: 3
  • Lot: 45
  • Meridian: SEC 09 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5363
  • Longitude: -88.0972

    Address

  • Full Address: 607 Mason Ave
  • Address - House Number: 607
  • Address - Street Name: Mason
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C065
  • 4-Digit Zip Code: 6131
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $351,922
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1439
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 82
  • Final Value: 199,822
  • High Value: 228,590
  • Low Value: 171,054

    Market Valuation

  • Market Total Value: $132,321
  • Market Land Value: $35,784
  • Market Improvement Value: $96,537

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,107
  • Assessed Land Value: $11,928
  • Assessed Improvements Value: $32,179

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 05, 1996
  • Current Sale Recording Date: Jul 09, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R96-060389

    Financing

  • First Mortgage Financing Type: VAR
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

Unit for rent at 719 Taylor Street, Joliet, IL, 60435

$2,125 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz
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: Brent Wilk, Wilk Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12024005
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 607 Mason Avenue built and last sold?
The property at 607 Mason Avenue was built in 1955 and last sold on Jul 5, 1996 for $88,000.
How much is this home worth?
The estimated value of the home located at 607 Mason Avenue is $0.
What are some comparable homes to 607 Mason Avenue?
There are currently no comparable homes to 607 Mason Avenue.
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