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Will 60432
617 Mohawk Street
$187,000
● House - Off Market

617 Mohawk Street

Joliet, IL 60432
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,258 Ft²
$199,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Incredibly Clean, Well-Maintained, and Large 2-Story on a Double Lot with Side Drive. 2 Huge Bedrooms, 2 Full Bathrooms, Upstairs Laundry, Living Room, Dining Room, and Kitchen all Generously Sized. Wood Laminate Flooring, Tons of Cabinet Space, and All Appliances Stay. Master Bedroom includes Giant Walk-In Closet with Laundry Hook-ups! Could be a fantastic rental property either now or in the future for additional income. Private Well, So No Water Bill, and City Sewer! Move-In Ready. Space to Add a Garage or Out-Building.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1920

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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 #11898561)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Oct 5, 2023 Listed by eXp Realty, LLC $199,900
Listed by eXp Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 2
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,840
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,258
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELMONT
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 98 IN BELMONT, A SUB OF PRT OF THE W 1/2 OF THE NW 1/4 OF SEC. 12, T35N-R10E.

Neighborhood

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

Geography

  • Parcel: 30-07-12-110-012
  • Lot: 98
  • Meridian: SEC 12 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5377
  • Longitude: -88.0414

    Address

  • Full Address: 617 Mohawk St
  • Address - House Number: 617
  • Address - Street Name: Mohawk
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C025
  • 4-Digit Zip Code: 2132
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $303,928
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.0874
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 92
  • Final Value: 197,704
  • High Value: 214,996
  • Low Value: 180,411

    Market Valuation

  • Market Total Value: $116,979
  • Market Land Value: $10,440
  • Market Improvement Value: $106,539

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,993
  • Assessed Land Value: $3,480
  • Assessed Improvements Value: $35,513

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 2001
  • Current Sale Recording Date: Sep 07, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2001118718
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

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2362 ft²

Average Home Age

32.4 years

Currently For Sale

1499 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 2515 E Cass Street, Joliet, IL, 60432

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
2515 E Cass Street #1A, Joliet, IL, 60432 Listing by Debbie Andrews

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tyler Burlison, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11898561
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 617 Mohawk Street built and last sold?
The property at 617 Mohawk Street was built in 1920 and last sold on Aug 24, 2001 for $85,000.
How much is this home worth?
The estimated value of the home located at 617 Mohawk Street is $0.
What are some comparable homes to 617 Mohawk Street?
There are currently no comparable homes to 617 Mohawk Street.
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