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Owner finance

$519,900

600 Buell Ave

Joliet, IL 60435

Beds4
Baths4
Sq ft3,744
Year built1908
Listed by

Joseph Diaz, Taylor Street Realty · (815) 955-1398

What the listing says

SELLER FINANCING AVAILABLE AT BELOW CURRENT MARKET INTEREST RATES FOR QUALIFIED BUYERS! A unique opportunity to own one of Joliet's distinctive historic residences while potentially reducing financing costs and benefiting from existing rental income. The detached carriage-house studio is currently rented for $1,000/month ($12,000 annually) with the tenant paying utilities, providing $12,000 in annual rental income to the new owner. Set high on one of the historic Cathedral Area's beautiful bluffs, this impressive 1908 American Four Square offers approximately 3,744 square feet of living space and is being sold together with an adjacent separately PIN'd 0.23-acre vacant parcel, creating approximately 0.73 acre of combined land. Designed by noted architect C.W. Webster, the home features hardwood floors, generous room sizes, built-ins, grand foyer, library, walk-in pantry and expansive veranda. The owner's original architectural blueprints will also convey with the property. The property includes a detached 2-car garage with the income-producing studio apartment above, abundant additional parking and the adjacent residential parcel with frontage along Woodworth Avenue. NEW PRICE BELOW-MARKET SELLER FINANCING $1,000/MONTH EXISTING RENTAL INCOME. Seller will consider owner-financing proposals from qualified buyers with negotiable terms subject to seller approval. Conventional, FHA, VA and cash buyers are also welcome. Contact listing broker for seller-financing details.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Single Family

Lot Size

31,799 sq ft

HOA

None

More owner-financed homes near Joliet

Questions about owner financing in Joliet

What is owner financing for 600 Buell Ave?

Owner financing means the seller of 600 Buell Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Joliet, IL home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Joliet home?

There is no standard down payment. The seller of this Joliet home sets their own, and it is negotiable. Ask the seller or their agent.

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