BEDS0
BATHS
MLS#12761614
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.34 Acres
Stories: 2.0
Taxes: $11,443
Year Built: 1910
Feature Descriptions
Current Use: Multi-Family
Exterior: Vinyl Siding
Frontage Type: City Street
HVAC: Forced Air
Lot Dimensions: 130 X 260
Parcel#: 3007093290050000
Potential Use: Multi-Family
Tenant Pays: Electricity
Units: 6
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 773-466-7150
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 2,914.51 per month $1,733.72 Principal & Interest $953.58 Property Tax $227.21 Homeowner's InsuranceChange Payment Information
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11 Nicholson Street | MLS# 12761614
This multi-family property located at 11 Nicholson Street, Joliet, IL 60435 is currently listed for sale with an asking price of $779,000. Search Joliet real estate on www.bhhscrosby.com today.