Large Location Icon

518 Prospect Pl; Joliet, IL Property Details

518 Prospect Pl, Joliet, IL is a Single Family that was built in 1910. This property is currently a cash purchase and is not for sale. Our records show that 518 Prospect Pl has 2 bedrooms, and 1 bathroom, and a total of 926 square feet. The lot size of 518 Prospect Pl is 6,999 square feet.

Off market
518 Prospect Pl Joliet, IL 60436
$37,000 Listing Price
2 Beds
1 Baths
926 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1910
  • Purchase Price: $37,000
  • Est. Equity / %: $201,000 / 100%
  • Gross Yield: 14.46%
  • APN: 30-07-17-415-001
  • Situs County: Will
  • Length Of Ownership: 10 years, 5 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 1
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Porch Type: Open

Measurements

  • Total: 926/SqFt
  • Lot: 6,999/SqFt
  • Gross: 926/SqFt
  • Garage: 432/SqFt
  • Living: 926/SqFt
  • Basement: 520/SqFt
  • Building: 926/SqFt
  • Garage Unfinished: 432/SqFt
  • Basement Unfinished: 406/SqFt
  • Price Per Square Foot: $39.96

Legal Description

  • Description: LOT 5 BLOCK 8 IN MILLBORO, BEING A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC 17, 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: 41.512966 / -88.10248
  • Subdivision: Millboro
  • Property Class: Residential
  • County Use Code: R

Amenities

  • Plus Four: 2024
  • Cooling: Central
  • Garage: Garage
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

518 Prospect Pl has no associated ownership info
518 Prospect Pl has no associated ownership info.

Taxes

518 Prospect Pl has 10 associated Taxes items

518 Prospect Pl, 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 $65,792. The APN we've located for 518 Prospect Pl is 30-07-17-415-001.

Unlock the full report
Taxes
  • Assessed Value:  $65,792
  • Assessed Year:  2025
  • Assessed County:  Will
  • APN:  30-07-17-415-001
  • Assessed Land Value:  13658
  • Market Land Value:  40974
  • Tax Amount:  5283.56
  • Tax Year:  2025
  • Market Value:  197376
  • Market Year:  2025

Tax History

518 Prospect Pl has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $65,792 Land Value $13,658 Improvement Value $52,134 Tax Amount $5,283.56 Change Rate Assessed CR Tax Rate +0.080307%
Year 2024 Assessed Value $60,194 Land Value $12,496 Improvement Value $47,698 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $53,482 Land Value $11,103 Improvement Value $42,379 Tax Amount $4,770.98 Change Rate +0.067868% Assessed CR Tax Rate +0.089207%
Year 2022 Assessed Value $48,378 Land Value $10,043 Improvement Value $38,335 Tax Amount $4,467.76 Change Rate +0.052139% Assessed CR Tax Rate +0.092351%
Year 2021 Assessed Value $45,184 Land Value $9,380 Improvement Value $35,804 Tax Amount $4,246.36 Change Rate +0.053996% Assessed CR Tax Rate +0.093979%
Year 2020 Assessed Value $42,910 Land Value $8,908 Improvement Value $34,002 Tax Amount $4,028.82 Change Rate +0.051324% Assessed CR Tax Rate +0.09389%
Year 2019 Assessed Value $39,879 Land Value $8,279 Improvement Value $31,600 Tax Amount $3,832.14 Change Rate +0.075133% Assessed CR Tax Rate +0.096094%
Year 2018 Assessed Value $35,771 Land Value $7,443 Improvement Value $28,328 Tax Amount $3,564.34 Change Rate +0.061018% Assessed CR Tax Rate +0.099643%
Year 2017 Assessed Value $32,522 Land Value $6,767 Improvement Value $25,755 Tax Amount $3,359.36 Change Rate +0.055586% Assessed CR Tax Rate +0.103295%
Year 2016 Assessed Value $29,610 Land Value $6,198 Improvement Value $23,412 Tax Amount $3,182.46 Change Rate Assessed CR Tax Rate +0.107479%
Year 2015 Assessed Value $27,150 Land Value $5,850 Improvement Value $21,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $27,000 Land Value $5,800 Improvement Value $21,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $31,636 Land Value $6,435 Improvement Value $25,201 Tax Amount $2,998.46 Change Rate Assessed CR Tax Rate +0.09478%