Open Houses
Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
| Listing Id: | 12761614 |
|---|---|
| List Price: | $779,000 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $11,443 |
| City: | Joliet |
| County Or Parish: | Will |
| Postal Code: | 60435 |
| Year Built: | 1910 |
| Total # Units In Building: | 6 |
| Basement: | false |
| Basement: | None |
| Construction Materials: | Vinyl Siding |
| Current Use: | Multi-Family |
| Directions: | E on Jefferson, S on Garfield, E To Property |
| Electric Expense: | $500 |
| Frontage Type: | City Street |
| Fuel Expense: | 200 |
| Gross Income: | $112,680 |
| Gross Scheduled Income: | $117,360 |
| Insurance Expense: | $2,000 |
| Lot Size Acres: | 0.34 |
| Lot Size Dimensions: | 130 X 260 |
| Maintenance Expense: | $2,000 |
| MLS Area Major: | Joliet |
| Approximate Age: | Older |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | Yes |
| Gross Rent Multiplier: | 6.64 |
| Heat/Ventilation: | Forced Air |
| Information: | 48-Hr Notice Required, Other-See Remarks |
| Janitor Expense: | 0 |
| List Price Per Sf: | 0 |
| Market Code: | Active |
| Ownership Type: | Corporation |
| Total Monthly Income: | 9780 |
| Type Multi Family: | Other |
| Update Date: | 2026-10-07T18:01:47 |
| Net Operating Income: | $99,660 |
| Operating Expense: | $17,700 |
| Original List Price: | $779,000 |
| Other Expense: | $11,000 |
| Parcel Number: | 3007093290050000 |
| Possession: | Closing |
| Possible Use: | Multi-Family |
| State Or Province: | IL |
| Stories: | 2 |
| Tax Year: | 2024 |
| Tenant Pays: | Electricity |
| Township: | Joliet |
| Water Sewer Expense: | $2,000 |
| Zoning: | COMMR |
| Actual Status: | New |
| Activation Date: | 2026-10-06 |
Listing Courtesy of: Compass
Listing Agent: Dan Nelson
(773) 295-1751
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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 Charisse Trimuel - Residential 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 04:22 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:22 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 04:22 PM - CT
