Incredible investment opportunity in East Joliet! This well-positioned all brick multifamily property features six spacious 3-bedroom, 1-bath apartment units, offering a desirable mix of layouts with two garden-level apartments, two main-floor apartments, and two second-floor apartments. All units are updated, and immaculately clean. Enclosed rear stairs and porches provide added privacy and security for tenants. Additional property features include six parking spaces, a new rubber-coated roof installed in 2022, and aluminum gutters and downspouts. Each unit has separate utilities and gas-forced-air heat, helping streamline ownership and expense management. Conveniently located with easy access to I-80 and close proximity to schools, restaurants, shopping, the downtown district, and public transportation, this property offers an attractive location for tenants and investors alike. With six units, strong rental-income potential, and tenant-friendly features, this property presents an excellent opportunity for an investor looking to expand or establish a multifamily portfolio in Joliet.
| Listing Id: | 12760675 |
|---|---|
| List Price: | $640,000 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Active Under Contract |
| Parking On Site: | No |
| Tax Annual Amount: | $3,989 |
| City: | Joliet |
| County Or Parish: | Will |
| Postal Code: | 60432 |
| Year Built: | 1910 |
| Total # Units In Building: | 6 |
| Basement: | false |
| Building Area Total: | 4784 |
| Construction Materials: | Brick |
| Cooling: | Window Unit(s) |
| Current Use: | Multi-Family |
| Directions: | ROUTE 30 OR JACKSON STREET TO YOUNGS |
| Electric: | Circuit Breakers |
| Electric Expense: | $812 |
| Foundation Details: | Block |
| Frontage Type: | City Street |
| Fuel Expense: | 1077 |
| Gross Income: | $32,700 |
| Insurance Expense: | $400 |
| Listing Contract Date: | 2026-09-26 |
| Lot Size Acres: | 0.17 |
| Lot Size Dimensions: | 54x109x54x136 |
| Maintenance Expense: | $23,349 |
| MLS Area Major: | Joliet |
| Approximate Age: | Older |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | Yes |
| Gross Rent Multiplier: | 0 |
| Heat/Ventilation: | Central Heat/Indiv Controls, Forced Air, Gas |
| Information: | 24-Hr Notice Required, List Broker Must Accompany |
| Janitor Expense: | 2250 |
| List Price Per Sf: | 133.78 |
| Market Code: | Active |
| Misc Outside: | Enclosed Stairs |
| Owners Assoc (Y/N): | No |
| Ownership Type: | Sole Proprietor |
| Outdoor Parking: | 6-12 Spaces |
| Property Offered: | For Sale Only |
| Roof Structure: | Flat |
| Total Monthly Income: | 2725 |
| Tenancy Type: | Month To Month |
| Type Multi Family: | Flats |
| Update Date: | 2026-09-30T17:05:54 |
| Operating Expense: | $37,499 |
| Original List Price: | $640,000 |
| Parcel Number: | 3007104100200000 |
| Roof: | Membrane, Rubber |
| State Or Province: | IL |
| Stories: | 2 |
| Tax Year: | 2025 |
| Tenant Pays: | Electricity, Heat, Sewer |
| Township: | Joliet |
| Trash Expense: | $1,261 |
| Water Sewer Expense: | $750 |
| Zoning: | COMMR |
| Actual Status: | Contingent |
| Lot Size Source: | County Records |
| Habitable Residence?: | Yes |
Listing Courtesy of: eXp Realty
Listing Agent: Michelle Carr
(815) 739-1339
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Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 04:15 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:15 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 04:15 PM - CT
