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1518 Lantern Ln; Joliet, IL Property Details

1518 Lantern Ln, Joliet, IL is a Single Family that was built in 1957. This property is currently Financed and is not for sale. Our records show that 1518 Lantern Ln has 3 bedrooms, and 2 bathrooms, and a total of 2,211 square feet. The lot size of 1518 Lantern Ln is 35,055 square feet.

Off market
1518 Lantern Ln Joliet, IL 60433
$255,000 Listing Price
3 Beds
2 Baths
2,211 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1957
  • Purchase Price: $255,000
  • Open Loans / Balance: 2 / $314,855
  • Est. Equity / %: $48,145 / 13.26%
  • Gross Yield: 10.8%
  • APN: 30-07-22-311-009
  • Situs County: Will
  • Length Of Ownership: 6 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2

Structure

  • Stories: 1

Measurements

  • Total: 2,211/SqFt
  • Lot: 35,055/SqFt
  • Gross: 2,211/SqFt
  • Garage: 648/SqFt
  • Living: 2,211/SqFt
  • Basement: 864/SqFt
  • Building: 2,211/SqFt
  • Garage Unfinished: 648/SqFt
  • Basement Unfinished: 1,347/SqFt
  • Price Per Square Foot: $115.33

Legal Description

  • Description: LOT 87 UNIT 2 IN SUGAR CREEK HILLS, BEING A SUB OF PRT OF THE W1/2 OF THE SW1/4 OF SEC. 22, T35N-R10E.
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Joliet Township High School District 204
  • Lat / Lon: 41.495716 / -88.07103
  • Subdivision: Sugar Creek Hills Unit #3
  • Property Class: Residential
  • County Use Code: R

Amenities

  • Plus Four: 2911
  • Cooling: Central
  • Garage: Garage
  • Parking: 2

HOA

  • H O A One: $50
  • H O A Amount: $50
  • H O A One Type: Planned Unit Development

Ownership Info

1518 Lantern Ln has no associated ownership info
1518 Lantern Ln has no associated ownership info.

Taxes

1518 Lantern Ln has 8 associated Taxes items

1518 Lantern Ln, Joliet, IL pays taxes in Will County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $120,669. The APN we've located for 1518 Lantern Ln is 30-07-22-311-009.

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Taxes
  • Assessed Value:  $120,669
  • Assessed Year:  2025
  • Assessed County:  Will
  • APN:  30-07-22-311-009
  • Assessed Land Value:  25244
  • Market Land Value:  75732
  • Market Value:  362007
  • Market Year:  2025

Tax History

1518 Lantern Ln has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $120,669 Land Value $25,244 Improvement Value $95,425 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $110,402 Land Value $23,096 Improvement Value $87,306 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $98,092 Land Value $20,521 Improvement Value $77,571 Tax Amount Change Rate Assessed CR Tax Rate
Year 2022 Assessed Value $88,731 Land Value $18,563 Improvement Value $70,168 Tax Amount Change Rate Assessed CR Tax Rate
Year 2021 Assessed Value $82,872 Land Value $17,337 Improvement Value $65,535 Tax Amount Change Rate Assessed CR Tax Rate
Year 2020 Assessed Value $75,177 Land Value $16,464 Improvement Value $58,713 Tax Amount $1,338.98 Change Rate -0.726379% Assessed CR Tax Rate +0.017811%
Year 2019 Assessed Value $69,867 Land Value $15,301 Improvement Value $54,566 Tax Amount $4,893.56 Change Rate +0.059657% Assessed CR Tax Rate +0.070041%
Year 2018 Assessed Value $64,560 Land Value $14,139 Improvement Value $50,421 Tax Amount $4,618.06 Change Rate +0.10978% Assessed CR Tax Rate +0.071531%
Year 2017 Assessed Value $58,696 Land Value $12,855 Improvement Value $45,841 Tax Amount $4,161.24 Change Rate +0.073824% Assessed CR Tax Rate +0.070895%
Year 2016 Assessed Value $54,018 Land Value $11,785 Improvement Value $42,233 Tax Amount $3,875.16 Change Rate Assessed CR Tax Rate +0.071738%
Year 2015 Assessed Value $50,650 Land Value $11,050 Improvement Value $39,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $50,400 Land Value $11,000 Improvement Value $39,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $53,055 Land Value $12,232 Improvement Value $40,823 Tax Amount $3,611.22 Change Rate Assessed CR Tax Rate +0.068066%