Property Description
Welcome to this property located in Joliet, IL. Built in 1920. this home is offered at $1,200,000.
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.
The home includes 7 fireplaces. A unfinished basement provides additional space.
The property sits on a 124 X 100 lot.
Utilities include municipal water water and storm sewer sewer.
Located in Will County.
Annual property taxes are $6,045 (as of 2024).
- Principal and Interest
- Property Tax
- HOA fee
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