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Listed by Joseph Batlinerof Listing Leaders Northwest, Inc
$ 615,000
Est. payment /mo
Active Under Contract
509 Kungs Way Joliet, IL 60435
7 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12509532
Bedrooms 7
Year Built 1964
Annual Tax Amount $11,260
Tax Year 2024
Lot Dimensions 9443
Property Sub-Type Two to Four Units
Property Description
MULTIPLE OFFERS RECEIVED - We will be doing a Highest & Best by 11/6 at 6:00PM. Turnkey 4-Unit Investment Opportunity in Prime Joliet Location! Welcome to 509 Kungs Way - a well-maintained brick 4-unit offering a strong rent roll and updated interiors. The property features three 2-bed/1-bath units and one 1-bed/1-bath unit, with modern finishes and reliable tenants. Current gross income of $71,400 annually, with additional coin laundry income and room for future rent growth. Owner pays gas and water; tenants pay electric. Major capital improvements include a newer roof (2015) and boiler system in solid condition. Ideal for both seasoned investors and first-time buyers looking to start or expand a portfolio. Live in one unit and let the other three pay your mortgage while building long-term equity. Located in a quiet, desirable pocket of Joliet with easy access to I-55, I-80, downtown amenities, and major developments like the Rock Run Collection and new Hollywood Casino project.
Location
State IL
County Will
Rooms
Basement Other, Partial
Interior
Heating Natural Gas, Baseboard
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 86, 86, 204
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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