1011 N Broadway St., Joliet, IL 60435

1011 N Broadway St., Joliet, IL 60435
Photo 1 of 14
$372,500
Sold on 4/19/24
Beds Baths Sq. Ft. Taxes Built
6 0.00 0 $6,903.88 1959
On the market: 51 days
View full details, 15 photos, school info, and price history
Don't miss out on this exclusive chance to acquire a unique gem-a 4-unit rowhouse nestled in the heart of Joliet, IL, offering immense potential for value enhancement. Comprising two spacious 2-bedroom units and two cozy 1-bedroom units, this property presents a lucrative opportunity for savvy investors. With current rents well below the market rate, this investment promises substantial returns and long-term prosperity. Owned by IL Licensed RE Broker. Joliet's historic Cathedral District is one of the most desirable locations in the City of Joliet. The city maintains a diverse blue-collar work force with the local economy being propped up by 2 major casinos; Harrah's and the Hollywood Casino. Rental prices have been steadily increasing and vacancies have been reaching historic lows with the limited existing rental inventory available. Will County's relatively lenient tenant laws and lower property taxes have made it a hotbed for investors in the past few years with properties commanding cap rates hovering around the 6% mark.
Listing courtesy of Melissa Topolewski, Citypoint Illinois LLC