509 Kungs Way, Joliet, IL 60435

509 Kungs Way, Joliet, IL 60435
Photo 1 of 4
$615,000
Beds Baths Sq. Ft. Taxes Built
7 0.00 0 $11,260 1964
On the market: 2 days

Est. Monthly Payment:

$4,620($3,682 + $938 taxes*)

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SHOWINGS ON WEDNESDAY (11/05) 12PM-3PM 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.
Listing courtesy of Joseph Batliner, Listing Leaders Northwest, Inc