Charming 2-Story Home with Investment Potential in Prime Location! This beautifully rehabbed 2-story home offers the perfect blend of classic charm and modern updates. With 4 spacious bedrooms, 1.5 baths, HUGE master, and a large unfinished basement, the property presents a variety of possibilities. For investors, long-term tenants are currently in place and are willing to stay, offering immediate rental income potential. Alternatively, the property will be vacant at closing, giving you the flexibility to move in or make any desired improvements. Key updates include: New Asphalt Driveway (2024), New Carpet in All Bedrooms, New Central AC (2024). New aluminum siding being installed in the rear of the house. Conveniently located just minutes from historic downtown Lockport and the highly sought-after New Lenox area, this home enjoys a prime location with easy access to local amenities, shopping, dining, and schools. Selling As-Is.
Closed
$260,000
1516 E Washington St, Joliet, IL 60433
4beds
1,632sqft
Single Family Residence
Built in 1940
7,405 Square Feet Lot
$292,000 Zestimate®
$159/sqft
$2,378 Estimated rent
Home value
$292,000
$272,000 - $312,000
$2,378/mo
Zestimate® history
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List your homeWhat's special
New asphalt drivewayLarge unfinished basementNew central acHuge master
Zillow last checked:
Listing updated:
Listed by:
Ana Castillo 773-639-7960,
Coldwell Banker Real Estate Group
Bought with:
Vicmari Tirado
Alpha 7 Realty
Source: MRED as distributed by MLS GRID,MLS#: 12436855
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Office
Primary bedroom
- Features: Flooring (Carpet)
- Level: Second
- Area: 216 Square Feet
- Dimensions: 12X18
Bedroom 2
- Features: Flooring (Carpet)
- Level: Second
- Area: 99 Square Feet
- Dimensions: 11X9
Bedroom 3
- Features: Flooring (Carpet)
- Level: Second
- Area: 121 Square Feet
- Dimensions: 11X11
Bedroom 4
- Features: Flooring (Carpet)
- Level: Second
- Area: 72 Square Feet
- Dimensions: 9X8
Dining room
- Features: Flooring (Vinyl)
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11X12
Kitchen
- Features: Flooring (Vinyl)
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11X10
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 276 Square Feet
- Dimensions: 12X23
Office
- Level: Main
- Area: 88 Square Feet
- Dimensions: 8X11
Heating
- Natural Gas
Cooling
- Central Air
Features
- Basement: Unfinished,Full
Interior area
- Total structure area: 0
- Total interior livable area: 1,632 sqft
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
Lot
- Size: 7,405 Square Feet
- Dimensions: 62X127
Details
- Parcel number: 3007142070070000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1940
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
HOA
- Services included: None
Location
- Region: Joliet
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $188,421
- Annual tax amount: $4,264
- Date on market: 8/4/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Sold | $260,000+4.4%$159/sqft |
Source:  MRED as distributed by MLS GRID #12436855 Report a problem | ||
| 8/8/2025 | Contingent | $249,000$153/sqft |
Source: MRED as distributed by MLS GRID #12436855 Report a problem | ||
| 8/4/2025 | Listed for sale | $249,000-3.9%$153/sqft |
Source: MRED as distributed by MLS GRID #12436855 Report a problem | ||
| 9/19/2023 | Listing removed | -- |
Source:  Berkshire Hathaway HomeServices Chicago Report a problem | ||
| 8/16/2023 | Price change | $259,000-0.2%$159/sqft |
Source: MRED as distributed by MLS GRID #11802668 Report a problem | ||
| 7/6/2023 | Listed for sale | $259,500$159/sqft |
Source: MRED as distributed by MLS GRID #11802668 Report a problem | ||
| 6/27/2023 | Listing removed | -- |
Source: Berkshire Hathaway HomeServices Chicago Report a problem | ||
| 6/20/2023 | Pending sale | $259,500$159/sqft |
Source: Berkshire Hathaway HomeServices Chicago #11802668 Report a problem | ||
| 6/20/2023 | Contingent | $259,500$159/sqft |
Source: MRED as distributed by MLS GRID #11802668 Report a problem | ||
| 6/8/2023 | Listed for sale | $259,500+101.2%$159/sqft |
Source: MRED as distributed by MLS GRID #11802668 Report a problem | ||
| 8/25/2021 | Sold | $129,000-13.9%$79/sqft |
Source: MRED as distributed by MLS GRID #11194878 Report a problem | ||
| 8/24/2021 | Pending sale | $149,900$92/sqft |
Source:  RE/MAX International #11194878 Report a problem | ||
| 8/24/2021 | Contingent | $149,900$92/sqft |
Source: MRED as distributed by MLS GRID #11194878 Report a problem | ||
| 8/19/2021 | Price change | $149,900+20%$92/sqft |
Source: MRED as distributed by MLS GRID #11194878 Report a problem | ||
| 6/9/2021 | Pending sale | $124,900$77/sqft |
Source: RE/MAX International #11110970 Report a problem | ||
| 6/9/2021 | Contingent | $124,900$77/sqft |
Source: MRED as distributed by MLS GRID #11110970 Report a problem | ||
| 6/4/2021 | Listed for sale | $124,900$77/sqft |
Source: MRED as distributed by MLS GRID #11110970 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,591 +7.6% | $62,807 +12.5% |
| 2023 | $4,264 +3.8% | $55,804 +10.5% |
| 2022 | $4,108 +171.2% | $50,479 +7.1% |
| 2021 | $1,515 +0.1% | $47,146 +5.3% |
| 2020 | $1,513 -2.3% | $44,773 +7.6% |
| 2019 | $1,549 -3.6% | $41,611 +11.5% |
| 2018 | $1,606 -3.5% | $37,327 +10% |
| 2017 | $1,665 -3.9% | $33,937 +8.7% |
| 2016 | $1,732 -3.2% | $31,221 +9.4% |
| 2015 | $1,790 | $28,550 +0.5% |
| 2014 | $1,790 +6.6% | $28,400 -4.8% |
| 2013 | $1,679 +3.6% | $29,819 -13.2% |
| 2012 | $1,620 +12.8% | $34,353 -13.9% |
| 2011 | $1,437 +8.9% | $39,900 -12.6% |
| 2010 | $1,319 +8.5% | $45,675 -6.3% |
| 2009 | $1,216 +0.7% | $48,770 |
| 2008 | $1,207 | $48,770 +7% |
| 2007 | -- | $45,580 +2.3% |
| 2006 | $1,331 -5.6% | $44,550 +4.8% |
| 2005 | $1,410 -2.8% | $42,505 +3.1% |
| 2004 | $1,451 -12.2% | $41,211 +5.1% |
| 2003 | $1,652 -2.3% | $39,212 +10.7% |
| 2002 | $1,691 +2.9% | $35,420 +4% |
| 2001 | $1,644 +1.9% | $34,064 +4% |
| 2000 | $1,614 | $32,754 |
Find assessor info on the county website
Neighborhood: Ingalls Park
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Nearby schools
GreatSchools rating
- 5/10T E Culbertson Elementary SchoolGrades: K-5Distance: 0 mi
- 4/10Washington Jr High & Academy PrgmGrades: 6-8Distance: 1.6 mi
- 2/10Joliet Central High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: T E Culbertson Elementary School
- High: Joliet Central High School
- District: 86
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$292,000
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Estimated market value
$292,000
- Illinois
- Will County
- Joliet
- 60433
- Ingalls Park
- 1516 E Washington St
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