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$779,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12761614
Maintenance Fees $2,000
Year Built 1910
Annual Tax Amount $22,886
Tax Year 2024
Lot Size 0.340 Acres
Lot Dimensions 130 X 260
Property Sub-Type Multi Family 5+
Property Description
Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
Location
State IL
County Will
Area Joliet
Zoning COMMR
Rooms
Basement None
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Vinyl Siding
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Listed by Dan Nelson of Compass