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Joliet 60435 Cathedral Area
953 Mason Avenue
$189,900
● House - Off Market

953 Mason Avenue

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,712 Ft²
$1,462
Est. Monthly
12.45%
Cap Rate
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$111
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
1926

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 324
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,450
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,712
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASON PLACE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE W 65 FT OF LOTS 251 252, ALSO THE W 65 FT OF THE S 22.6 FT OF LOT 253, IN MASON PLACE, A SUB OF THE W PRT OF THE N1/2 O

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881700

Geography

  • Parcel: 30-07-08-204-023
  • Lot: T 25
  • Meridian: SEC 08 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5361
  • Longitude: -88.1054

    Address

  • Full Address: 953 Mason Ave
  • Address - House Number: 953
  • Address - Street Name: Mason
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C071
  • 4-Digit Zip Code: 5927
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $635,384
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.0873
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 92
  • Final Value: 186,231
  • High Value: 202,501
  • Low Value: 169,962

    Market Valuation

  • Market Total Value: $224,403
  • Market Land Value: $50,649
  • Market Improvement Value: $173,754

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,801
  • Assessed Land Value: $16,883
  • Assessed Improvements Value: $57,918

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 02, 2019
  • Current Sale Recording Date: May 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2019028363
  • Previous Sale Recording Date: Aug 16, 2018
  • Previous Sale Contract Date: Aug 03, 2018
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: ADJ
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 Cathedral Area

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$183

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1756 ft²

Average Home Age

110.1 years

Currently For Sale

16 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 1712 Arden Place, Joliet, IL, 60435

$2,795 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1712 Arden Place, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 915 N Vine Street, Joliet, IL, 60435

$2,700 /mo

  • 5 Beds
  • 2 Baths
  • 1,905 ft²
915 N Vine Street, Joliet, IL, 60435 Listing by Lynn Herrington

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Alma (Coral) Ortega, Casa Moderna Real Estate
Data Source: MRED, MLS# MRD12047805
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 953 Mason Avenue built and last sold?
The property at 953 Mason Avenue was built in 1926 and last sold on Apr 2, 2019 for $121,500.
How much is this home worth?
The estimated value of the home located at 953 Mason Avenue is $0.
What are some comparable homes to 953 Mason Avenue?
There are currently no comparable homes to 953 Mason Avenue.
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