About The Property

SHOWINGS ON WEDNESDAY (11/05) 12PM-3PM Turnkey 4-Unit Investment Opportunity in Prime Joliet Location! Welcome to 509 Kungs Way - a well-maintained brick 4-unit offering a strong rent roll and updated interiors. The property features three 2-bed/1-bath units and one 1-bed/1-bath unit, with modern finishes and reliable tenants. Current gross income of $71,400 annually, with additional coin laundry income and room for future rent growth. Owner pays gas and water; tenants pay electric. Major capital improvements include a newer roof (2015) and boiler system in solid condition. Ideal for both seasoned investors and first-time buyers looking to start or expand a portfolio. Live in one unit and let the other three pay yourRead MoreRead Less
Courtesy of Listing Leaders Northwest, Inc [email protected];[email protected]
Listing Snapshot
Days Online
2
Last Updated
Property Type
Two To Four Units
Beds
7
Year Built
1964
MLS Number
12509532
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Additional Details

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Basement
"Other", "Partial"
Building
Construction Materials: "Brick", Built in 1964, Rebuilt: No
Expenses
Electric: 1572, Fuel: 1572, Insurance: 2000, Professional Management: 2000, Trash: 1080, Water/Sewer: 3074
Heating
"Natural Gas", "Baseboard"
Lot
Dimensions: 9443
Parking
Parking Total: 4, "Off Street", "Parking Lot", "Yes"
Sewer
"Public Sewer"
Utilities
Water Source: "Public"
Taxes
Annual Taxes: $11,260, Year: 2024
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30 Days Snapshot Of 60435
$270k
+5%
(avg) sold price
40
-21%
homes sold
29
+16%
(avg) days on market
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Monthly Payment
$0

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