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  • $160,000

    664 Landau Ave, Joliet, IL 60432

    6beds
    --sqft
    Multi Family
    Built in 1914
    -- sqft lot
    $313,600 Zestimate®
    $--/sqft
    $1,550 Estimated rent

    Home value

    $313,600

    $270,000 - $358,000

    $1,550/mo

    Zestimate® history
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    $1,223/mo

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    What's special

    Discover the potential of this expansive 11,000 square foot building located in the heart of Joliet, IL. This versatile property presents a unique opportunity for savvy investors looking to capitalize on a prime piece of real estate that is brimming with possibilities. This building offers a significant amount of space in a centrally located area of Joliet, close to amenities, transportation, and vibrant community attractions. The flexible zoning allows for multiple uses, making it ideal for both residential and commercial applications. The property is in need of rehabilitation, providing a perfect blank canvas for your vision. Whether you plan to modernize the space into a multi-tenant rental property or transform it into a lavish single-family estate, the possibilities are endless. This property is perfect for investors seeking a project with substantial upside potential. The large footprint and flexible zoning provide the freedom to tailor the space to meet market demands and personal investment goals. The building can be converted into multiple rental units, offering steady income potential in a market with high rental demand, or it can be transformed into a grand, spacious home with ample room for luxurious living and entertaining. Additionally, a mixed-use development combining residential and commercial spaces can maximize return on investment. The location offers easy access to major highways such as I-80 and I-55, facilitating commutes to Chicago and surrounding areas. The property is also close to schools, parks, shopping centers, and dining options, enhancing its appeal for future tenants or homeowners. Joliet is a city on the rise with ongoing developments and a growing population, ensuring long-term value appreciation. Opportunities like this are rare. Whether you're an experienced investor or looking to enter the real estate market, this 11,000 square foot building in Joliet is a golden opportunity to create significant value. With the right vision and investment, this property can be transformed into a lucrative asset. Schedule a viewing today and explore the immense potential this property has to offer. Your next successful investment starts here!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Odeh 224-699-5002,

    Redfin Corporation

    Bought with:

    Hunter Nelson

    eXp Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12059109MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Steam
    Features
    • Basement: None

    Property

    Lot
    • Size: 6,969 Square Feet
    • Dimensions: 49X152
    Details
    • Parcel number: 3007102090070000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1914

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks, Street Paved
    Location
    • Region: Joliet

    Financial & listing details

    • Tax assessed value: $112,263
    • Annual tax amount: $1,730
    • Date on market: 5/22/2024
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/3/2024Sold$160,000-20%
    Source: MRED as distributed by MLS GRID #12059109 Report a problem
    5/29/2024Contingent$199,900
    Source: MRED as distributed by MLS GRID #12059109 Report a problem
    5/22/2024Listed for sale$199,900+99.9%
    Source: MRED as distributed by MLS GRID #12059109 Report a problem
    6/1/2023Sold$100,000+0.1%
    Source: MRED as distributed by MLS GRID #11755850 Report a problem
    4/12/2023Pending sale$99,900
    Source: Berkshire Hathaway HomeServices Chicago #11755850 Report a problem
    3/21/2023Listing removed--
    Source: Berkshire Hathaway HomeServices Chicago Report a problem
    3/1/2023Pending sale$99,900
    Source: Berkshire Hathaway HomeServices Chicago #11724595 Report a problem
    3/1/2023Contingent$99,900
    Source: MRED as distributed by MLS GRID #11724595 Report a problem
    2/23/2023Listed for sale$99,900-23.2%
    Source: MRED as distributed by MLS GRID #11724595 Report a problem
    12/15/2020Listing removed$130,000
    Source: Karges Realty #10414084 Report a problem
    10/9/2020Pending sale$130,000
    Source: Karges Realty #10414084 Report a problem
    10/9/2020Listed for sale$130,000
    Source: Karges Realty #10414084 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,134 +81.1%$37,421 +92.9%
    2023$1,731 $19,403
    2022-- --
    2021-- --
    2020-- --
    2019-- --
    2018-- --
    2017-- --
    2016-- --
    2015-- --
    2014-- --
    2013-- --
    2008$7,269 $106,100 +7%
    2007-- $99,160 +7.9%
    2006$6,573 -2.1%$91,936 +1%
    2005$6,712 +0.7%$90,983 +3.6%
    2004$6,669 $87,830
    Find assessor info on the county website

    Neighborhood: Northeast Joliet

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Sator Sanchez School
    • Middle: Gompers Junior High 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
    $313,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $313,600