ATTENTION INVESTORS - Exceptional Investment Opportunity! Well-Maintained And Fully Rented 7-Unit Brick Apartment Building Featuring Seven Income-Producing Units, With Tenants Responsible For Their Own Electric And Cooking Gas. The Property Showcases Numerous New Windows, Several Updated Units, And Cozy Faux Fireplaces In Every Apartment. In Addition, The Property Includes A Stand-Alone Three-Bedroom Single-Family Home Located On The Same Lot, Providing Additional Income Potential. Offering A Strong Cap Rate, This Investment Also Features 12+ Rear Parking Spaces And Green Space For Tenant Enjoyment. Conveniently Located With Easy Access To I-80 And Close Proximity To Schools, Restaurants, Shopping, Downtown District, And Public Transportation. An Excellent Opportunity For Investors Seeking Stable Cash Flow And Long-Term Value.
| Listing Id: | 12565687 |
|---|---|
| List Price: | $1,200,000 |
| Close Price: | $860,000 |
| Close Date: | 2026-09-25 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Closed |
| Parking On Site: | No |
| Tax Annual Amount: | $6,045 |
| City: | Joliet |
| County Or Parish: | Will |
| Postal Code: | 60435 |
| Year Built: | 1920 |
| Total # Units In Building: | 8 |
| Additional Parcels?: | Yes |
| Basement: | true |
| Basement: | Unfinished |
| Construction Materials: | Brick |
| Directions: | CASS ST TO CENTER SOUTH 2 BLOCKS, CORNER OF CAMPBELL AND CENTER |
| Electric Expense: | $1,100 |
| Fireplaces Total: | 7 |
| Foundation Details: | Block, Brick/Mortar, Stone |
| Frontage Type: | City Street |
| Fuel Expense: | 3500 |
| Gross Income: | $116,580 |
| Gross Scheduled Income: | $98,690 |
| Insurance Expense: | $7,900 |
| Listing Contract Date: | 2026-05-21 |
| Lot Size Dimensions: | 124 X 100 |
| Maintenance Expense: | $500 |
| MLS Area Major: | Joliet |
| Approximate Age: | Older |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | Yes |
| Building Unit Info: | No Units Furnished, Smoke/Alarm Detector, Storage/Locker Area |
| # Of Dryers: | 0 |
| # Of Disposals: | 0 |
| # Of Dishwashers: | 0 |
| Electric Expense Source: | Actual |
| Total Annual Expense Source: | Owner Projection |
| Finance Code: | Conventional |
| Fuel Expense Source: | Owner Projection |
| Gross Rent Multiplier: | 10.2 |
| Heat/Ventilation: | Central Bldg Heat, Gas, Hot Water |
| Information: | 24-Hr Notice Required, List Broker Must Accompany |
| Insurance Expense Source: | Actual |
| Janitor Expense: | 500 |
| Location: | Corner |
| List Price Per Sf: | 0 |
| Market Code: | Off-Market |
| Ownership Type: | Limited Liability Corp |
| Outdoor Parking: | 6-12 Spaces |
| Property Offered: | For Sale Only |
| # Of Refrigs: | 8 |
| # Of Ranges: | 8 |
| Roof Structure: | Flat |
| Repairs Decor Expense Source: | Combination |
| Trash Expense Source: | Actual |
| Short Sale: | Not Applicable |
| Total Monthly Income: | 9715 |
| Sold Price Per Sf: | 0 |
| Type Multi Family: | Other |
| Update Date: | 2026-10-02T19:02:57 |
| Unincorporated (Y/N): | No |
| Washer/Dryer Lsd (Y/N): | No |
| # Of Washers: | 0 |
| Water Expense Source: | Owner Projection |
| Net Operating Income: | $90,995 |
| Operating Expense: | $25,585 |
| Original List Price: | $1,200,000 |
| Parcel Number: | 3007093190100000 |
| Possession: | Closing |
| Sewer: | Storm Sewer |
| State Or Province: | IL |
| Stories: | 3 |
| Tax Year: | 2024 |
| Tenant Pays: | Electricity, Other |
| Township: | Joliet |
| Trash Expense: | $2,640 |
| Utilities: | Water Available |
| Water Sewer Expense: | $3,300 |
| Water Source: | Municipal Water |
| Zoning: | COMMR |
| Actual Status: | Closed |
| Lot Size Source: | Survey |
| Back On Market Date: | 2026-04-08 |
Listing Courtesy of: Karges Realty
Listing Agent: David Neven
815-953-4482
Buyer Represented by: RE/MAX 10
Selling Agent: Kevin Burke
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Ryan Botkin are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Copyright © 2026 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 03:47 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 03:47 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 03:47 PM - CT
