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Joliet 60433
831 Richards Street
$345,000
● House - Off Market

831 Richards Street

Joliet, IL 60433
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,894 Ft²
$2,056
Est. Monthly
10.38%
Cap Rate

About This Property

Updated and ready for new owners, 831 Richards St is a ranch home featuring a unique layout, and maximum flexibility to entertain or to enjoy private days and nights with your loved ones. The main level flows effortlessly along laminated floors from living room to dining room to kitchen. Enjoy views of the beautiful yard, or let the sunlight in. The modern kitchen with stainless steel appliances, quartz countertops. Finished lower level as well  .49 acre lot for your tranquility -  Come see this one soon!
Unit Size
1,894 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$182
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1990

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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • 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: 8
  • Basement Area: 350
  • Garage Type: 1
  • Garage Square Area: 600
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,131
  • Total Building Area: 2,844
  • Building Area: 1,894
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,894
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHITTENDENS ADD
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4,5 6 IN CHITTENDENS ADDN TO WESTERN STONE CO SUB, BEING A SUB OF THE E PRT OF BLKS 2,3, 6 IN THE E1/2 OF THE NW1/4 OF S

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 883000

Geography

  • Parcel: 30-07-22-107-049
  • Block: 2-3,6
  • Lot: 4,5
  • Meridian: SEC 22 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5079
  • Longitude: -88.0727

    Address

  • Full Address: 831 Richards St
  • Address - House Number: 831
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C022
  • 4-Digit Zip Code: 2439
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,826
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 215,620
  • High Value: 246,231
  • Low Value: 185,008

    Market Valuation

  • Market Total Value: $165,156
  • Market Land Value: $34,521
  • Market Improvement Value: $130,635

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,052
  • Assessed Land Value: $11,507
  • Assessed Improvements Value: $43,545

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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

1861 ft²

Average Home Age

42.9 years

Currently For Sale

268 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

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MRED

Listed by: Ismael Quintana, Vista Real Estate Group LLC
Data Source: MRED, MLS# MRD12474608
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 831 Richards Street built and last sold?
The property at 831 Richards Street was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 831 Richards Street is $347,440.
What are some comparable homes to 831 Richards Street?
There are currently no comparable homes to 831 Richards Street.
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