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Joliet 60435 St. Mary's
656 Summit Street
$160,000
● House - Off Market

656 Summit Street

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$1,006
Est. Monthly
17.85%
Cap Rate

About This Property

Cozy 3-bed, 1-bath single family home with an updated bathroom and new flooring. The spacious lot offers plenty of room for outdoor living. This home would make a fantastic income generating property. See this one today before its gone.
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1914

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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: 1914
  • Effective Year Built: 1914
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • 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: 5,412
  • Lot Size Frontage Feet: 330
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH JOLIET
  • Land Acres: 0000000120
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THE N 1/2 OF LOT 11 IN BLK 22, IN NORTH OF THE CITY OF JOLIET, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 9, T35N-R10

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881900

Geography

  • Parcel: 30-07-09-212-005
  • Block: 22
  • Lot: 11
  • Meridian: SEC 09 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5357
  • Longitude: -88.0885

    Address

  • Full Address: 656 Summit St
  • Address - House Number: 656
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C006
  • 4-Digit Zip Code: 6360
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $247,234
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 145,867
  • High Value: 166,576
  • Low Value: 125,158

    Market Valuation

  • Market Total Value: $80,313
  • Market Land Value: $17,385
  • Market Improvement Value: $62,928

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,771
  • Assessed Land Value: $5,795
  • Assessed Improvements Value: $20,976

    Sales

  • Current Sale Contract Date: Dec 20, 2012
  • Current Sale Recording Date: Jan 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: R2013001663
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 St. Mary's

Stats & Trends

Median Asking:

$199,450

Sale Price/ft²

$111

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1503 ft²

Average Home Age

122.8 years

Currently For Sale

0 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 1311 Loral Avenue, Joliet, IL, 60435

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,005 ft²
1311 Loral Avenue, Joliet, IL, 60435 Listing by Jayson Iniguez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lina Aguilar, Smart Home Realty
Data Source: MRED, MLS# MRD12422627
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 656 Summit Street built and last sold?
The property at 656 Summit Street was built in 1914 and last sold on Dec 20, 2012 for $17,000.
How much is this home worth?
The estimated value of the home located at 656 Summit Street is $0.
What are some comparable homes to 656 Summit Street?
There are currently no comparable homes to 656 Summit Street.
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