Owner
$258,773
609 SUMMIT ST, JOLIET, IL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
2,452
property type
Single Family Residential
hoa
No
About
Residential
Living Area
Garage
2 Stories
Full Basement
Forced Air Unit
Frame
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1910
Building Size
2,452 sq ft
Lot Size
7,500 sq ft
Lot Size (Acres)
0.17 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
30-07-09-216-030
County
Will County, Illinois
Metro Area
Chicago-Naperville-Elgin, IL-IN
Zoning
—
Neighborhood/Subdivision
NORTH JOLIET
Lot Number
4
School District
Joliet Public School District 86
Legal Description
LOT 4 BLOCK 28 IN NORTH JOLIET, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 9, T35N-R10E.
Tax & Value Information
Market Value (Total)
$162,579
Building Value
$133,056
Land Value
$29,523
Annual Property Tax
$4,439
Tax Assessment Year
2024
Assessed Value
$54,193
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
6/8/2009
Recording Date
6/16/2009
Sales Document #
2009.71118
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$10,013
Return on Investment
15.60%
After Repair Value
$284,650
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$232,896
Renovation Cost
$12,939
Closing Costs (buying)
$4,658
Holding Costs
$7,066
Selling Costs
$17,079
Total Investment
$64,176
After Repair Value (ARV)
$284,650
Total Costs
$274,637
Estimated Profit
$10,013
Cash Invested
$59,518
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area