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501 Cherry St; Joliet, IL Property Details

501 Cherry St, Joliet, IL is a Single Family that was built in 1870. This property is currently Cash Purchase,New Construction and is not for sale. Our records show that 501 Cherry St has 2 bedrooms, and 1 bathroom, and a total of 908 square feet. The lot size of 501 Cherry St is 11,839 square feet.

Off market
501 Cherry St Joliet, IL 60436
$97,500 Listing Price
2 Beds
1 Baths
908 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1870
  • Purchase Price: $97,500
  • Open Loans / Balance: 1 / $97,643
  • Est. Equity / %: $115,357 / 54.16%
  • Gross Yield: 6.98%
  • APN: 30-07-16-316-014
  • Situs County: Will
  • Length Of Ownership: 3 years, 9 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1

Structure

  • Stories: 1

Measurements

  • Total: 908/SqFt
  • Lot: 11,839/SqFt
  • Gross: 908/SqFt
  • Garage: 1,248/SqFt
  • Living: 908/SqFt
  • Basement: 908/SqFt
  • Building: 908/SqFt
  • Garage Unfinished: 1,248/SqFt
  • Price Per Square Foot: $107.38

Legal Description

  • Description: THE E1/2 OF LOT 1 ALL OF LOT 4 IN BLK 100 IN SCHOOL SECTION ADDITION TO JOLIET, A SUB OF PRT OF THE E1/2 SW1/4 OF SEC 16, T3
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: 41.51407 / -88.09361
  • Subdivision: School Section Addition
  • Property Class: Residential
  • County Use Code: R

Amenities

  • Plus Four: 2103
  • Garage: Garage
  • Parking: 5

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

501 Cherry St has no associated ownership info
501 Cherry St has no associated ownership info.

Taxes

501 Cherry St has 10 associated Taxes items

501 Cherry St, 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 $45,885. The APN we've located for 501 Cherry St is 30-07-16-316-014.

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Taxes
  • Assessed Value:  $45,885
  • Assessed Year:  2025
  • Assessed County:  Will
  • APN:  30-07-16-316-014
  • Assessed Land Value:  12498
  • Market Land Value:  37494
  • Tax Amount:  3684.9
  • Tax Year:  2025
  • Market Value:  137655
  • Market Year:  2025

Tax History

501 Cherry St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $45,885 Land Value $12,498 Improvement Value $33,387 Tax Amount $3,684.9 Change Rate Assessed CR Tax Rate +0.080307%
Year 2024 Assessed Value $41,981 Land Value $11,435 Improvement Value $30,546 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $37,300 Land Value $10,160 Improvement Value $27,140 Tax Amount $3,327.42 Change Rate +0.067877% Assessed CR Tax Rate +0.089207%
Year 2022 Assessed Value $33,740 Land Value $9,190 Improvement Value $24,550 Tax Amount $3,115.92 Change Rate +0.2996% Assessed CR Tax Rate +0.092351%
Year 2021 Assessed Value $31,512 Land Value $8,583 Improvement Value $22,929 Tax Amount $2,397.6 Change Rate +0.067298% Assessed CR Tax Rate +0.076085%
Year 2020 Assessed Value $29,926 Land Value $8,151 Improvement Value $21,775 Tax Amount $2,246.42 Change Rate +0.071765% Assessed CR Tax Rate +0.075066%
Year 2019 Assessed Value $27,812 Land Value $7,575 Improvement Value $20,237 Tax Amount $2,096 Change Rate +0.110617% Assessed CR Tax Rate +0.075363%
Year 2018 Assessed Value $24,940 Land Value $6,776 Improvement Value $18,164 Tax Amount $1,887.24 Change Rate +0.095678% Assessed CR Tax Rate +0.075671%
Year 2017 Assessed Value $22,675 Land Value $6,161 Improvement Value $16,514 Tax Amount $1,722.44 Change Rate +0.10294% Assessed CR Tax Rate +0.075962%
Year 2016 Assessed Value $20,530 Land Value $5,652 Improvement Value $14,878 Tax Amount $1,561.68 Change Rate Assessed CR Tax Rate +0.076068%
Year 2015 Assessed Value $19,250 Land Value $5,300 Improvement Value $13,950 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $19,150 Land Value $5,250 Improvement Value $13,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $21,124 Land Value $5,846 Improvement Value $15,278 Tax Amount $1,575.58 Change Rate Assessed CR Tax Rate +0.074587%