18
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Listed by David Nevenof Karges Realty
$1,200,000
Est. payment /mo
Active Under Contract
209 N Center ST Joliet, IL 60435
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12565687
Year Built 1920
Annual Tax Amount $6,045
Tax Year 2024
Lot Dimensions 124 X 100
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Will
Zoning COMMR
Rooms
Basement Unfinished
Interior
Fireplaces Number 7
Fireplace Y
Exterior
Utilities Available Water Available
View Y/N true
Building
Foundation Block, Brick/Mortar, Stone
Sewer Storm Sewer
Water Municipal Water
Structure Type Brick
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Patrick Clarke
Broker | License ID: 471.007683