Photo 1 of 4
$615,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 7 |
0.00 |
0 |
$11,260 |
1964 |
|
On the market:
2 days
|
View full details, photos, school info, and price history
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