4238 Joliet AveLyons, IL 60534
- Residential income properties
- 4,298 SF
For Sale
$550,000
View listing
Property Details for 4238 Joliet Ave
- Year built
- 1919
- Construction
- FRAME
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 4,298 SF
- Property type
- Residential income properties
- Property subtype
- Residential income homes
- APN
- 18-02-214-021
- APU
- 1802214021
Description
This exceptional mixed-use property in Lyons, Illinois, presents a compelling investment opportunity. The brick and frame building encompasses 4,298 square feet and sits on a 5,890 square foot lot, offering three residential apartments and two commercial storefronts. The apartments consist of a spacious three-bedroom, one-bathroom unit with a duplexed attic
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,604,274
- 6.5%
- $1,480,868
- 7%
- $1,375,092
-
Comparable approach
- Method
- Valuation
- Relative Method
- $867,712
- Geo Method
- $867,712
-
Alternative Use
- Use
- Valuation
- Residential
- $1,480,868
- Hospitality
- $1,356,467
- Educational
- $1,128,565
- Medical
- $1,167,378
- Retail
- $1,755,545
4238 Joliet Ave, Lyons, Illinois
Location Insight
- City
- Lyons
- County
- Cook
- State
- Illinois
- Latitude
- 41.8139
- Longitude
- -87.8212
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,818
$2,945
$26,832
$29,777
-
$29,450
$268,320
$297,770
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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