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Listed by Landon Kellyof Real Broker, LLC
$ 350,000
Est. payment | /mo
5 Beds
6,534 Sqft Lot
$ 350,000
Est. payment | /mo
5 Beds
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12625108
Bedrooms 5
Year Built 1924
Annual Tax Amount $7,017
Tax Year 2024
Lot Size 6,534 Sqft
Lot Dimensions 50x140
Property Sub-Type Two to Four Units
Property Description
Highest and best due Sunday 4/26 at 5PM! Solid 3-unit investment opportunity in Joliet offering strong upside and flexibility for the next owner. The property consists of two front units and a rear apartment. Each of the main units features 2 bedrooms, 1 bathroom, and a functional layout with separate living room, dining room, and kitchen spaces. The rear unit is a 1-bedroom studio-style apartment, providing an additional income stream. The property includes a full basement with storage and shared laundry (washer and dryer), along with 3 separate meters. Additional improvements include a rubberized roof replaced approximately 9 years ago, a new side door, and two new side windows. There is also 1 exterior parking space where a garage previously stood. Mechanicals include hot water tanks from 2021 and 2011, with two units sharing one system and the rear unit on the other. The furnace age is unknown but was recently serviced on 3/23/26. Window A/C units are installed throughout. Some updates can be made over time, making this a great value-add opportunity for investors looking for long-term hold potential with the ability to increase rents and build equity. Property will be delivered fully vacant at closing, allowing the next owner to immediately implement their strategy and maximize returns.
Location
State IL
County Will
Zoning MULTI
Rooms
Basement Partially Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
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 None
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