20 East Cass Street

Joliet, IL 60432

$1,400,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Pleased to present the opportunity to purchase this prime mixed-use investment property located at 20 E Cass Street in Joliet, Illinois. The three-story building contains eleven (11) units comprised of one (1) commercial unit, and ten (10), 2-Bedroom/1-Bathroom units with 18,018 square feet of gross area on a 0.18-acre parcel. The Property is situated along E Cass Street (US Route 30), the area's primary commercial corridor. The location is positioned in the heart of downtown Joliet and offers convenient...Pleased to present the opportunity to purchase this prime mixed-use investment property located at 20 E Cass Street in Joliet, Illinois. The three-story building contains eleven (11) units comprised of one (1) commercial unit, and ten (10), 2-Bedroom/1-Bathroom units with 18,018 square feet of gross area on a 0.18-acre parcel. The Property is situated along E Cass Street (US Route 30), the area's primary commercial corridor. The location is positioned in the heart of downtown Joliet and offers convenient access to area employers, municipal offices, grocers, restaurants, retail amenities, and outdoor activities. Each Apartment Unit has its own Electric Furnace, Tenants pay their own heat and electric bill. Landlord pays for water, garbage, gas for the laundry room, and common area electric. Multiple units have upgraded finishes, as well as the hallways of the building.
  1. Listed by Anthony Spangler • Horvath & Tremblay IL, LLC

Property Details for 20 East Cass Street

Area
Joliet

Location

Listing Courtesy of Horvath & Tremblay IL, LLC
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LISTING UPDATED: 01/28/2024 12:47 AM

Property Details for 20 East Cass Street

StatusActive
MLS #11965799
Days on Market177
Taxes$11,064 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.18 AC / 7,784 SF
CountyWill County

Location

Listing Courtesy of Horvath & Tremblay IL, LLC
Add your commute

Building Information for 20 East Cass Street

Stories-Residences11Year Built1900Lot Size0.18 AC / 7,784 SF

Payment Calculator

$8,562 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$922

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 20 East Cass Street

General Information
Location and General Information
  • Geographic Locale: Southwest Suburban
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric,Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 10
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 220X290
  • Lot Size Square Feet: 7784.0
  • Stories: 3
  • Fire Protection: Sprinklers-Wet
  • # Of Offices: 0
  • Retail SqFt: 5000
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 38
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $1,620.00
  • Fuel Expense: $2,400.00
  • Gross Income: $139,200.00
  • Gross Scheduled Income: $141,600.00
  • Insurance Expense: $3,800.00
  • Total Monthly Income: 11600
  • Other Expense: $12,068.00
  • Trash Expense: $5,064.00
  • Water Sewer Expense: $5,400.00

Property History for 20 East Cass Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20 East Cass Street

Taxable ValueLand$19,541Additions$89,046Total$108,587
Tax Record2020$11,227 ($936 / month)
Home Facts
Lot Size7,405 SqFtStyleMiscellaneous CommercialCountyWILLAPN30-07-10-319-005

Schools near 20 East Cass Street

This home is within Joliet Township Hsd 204 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edna Keith Elementary School
PublicK to 5

Washington Jr High & Academy Prgm
Public6 to 8

Joliet Central High School
Public9 to 12

Joliet Twp High School - Alternate
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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20 East Cass Street is a mixed use property for sale in Joliet, IL 60432. This property was listed for sale on January 22, 2024 by Horvath & Tremblay IL, LLC, it's currently listed at $1,400,000. This listing's school districts are Joliet Township Hsd 204 School District, Joliet Public School District 86 School District. Nearby schools include Edna Keith Elementary School, Washington Jr High & Academy Prgm and Joliet Central High School. 20 East Cass Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay IL, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.