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1011 N Broadway Street

Joliet, IL 60435
  • $400,000
  • STATUS: Active Under Contract
  • ON SITE: 49 Days
  • MLS #: 11990483
Under Contract
$400,000
  • 6
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

School District:
86

Description

Don't miss out on this exclusive chance to acquire a unique gem-a 4-unit rowhouse nestled in the heart of Joliet, IL, offering immense potential for value enhancement. Comprising two spacious 2-bedroom units and two cozy 1-bedroom units, this property presents a lucrative opportunity for savvy investors. With current rents well below the market rate, this investment promises substantial returns and long-term prosperity. Owned by IL Licensed RE Broker. Joliet's historic Cathedral District is one of the most desirable locations in the City of Joliet. The city maintains a diverse blue-collar work force with the local economy being propped up by 2 major casinos; Harrah's and the Hollywood Casino. Rental prices have been steadily increasing and vacancies have been reaching historic lows with the limited existing rental inventory available. Will County's relatively lenient tenant laws and lower property taxes have made it a hotbed for investors in the past few years with properties commanding cap rates hovering around the 6% mark.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-04-03T23:58:22.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1011 N Broadway Street Joliet, IL 60435

  • Price: $400,000
  • Status: Active Under Contract
  • On Site: 49 Days
  • MLS #: 11990483
6
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Joliet
County:
Will
Area:
Joliet
School District:
86
Property Description
Don't miss out on this exclusive chance to acquire a unique gem-a 4-unit rowhouse nestled in the heart of Joliet, IL, offering immense potential for value enhancement. Comprising two spacious 2-bedroom units and two cozy 1-bedroom units, this property presents a lucrative opportunity for savvy investors. With current rents well below the market rate, this investment promises substantial returns and long-term prosperity. Owned by IL Licensed RE Broker. Joliet's historic Cathedral District is one of the most desirable locations in the City of Joliet. The city maintains a diverse blue-collar work force with the local economy being propped up by 2 major casinos; Harrah's and the Hollywood Casino. Rental prices have been steadily increasing and vacancies have been reaching historic lows with the limited existing rental inventory available. Will County's relatively lenient tenant laws and lower property taxes have made it a hotbed for investors in the past few years with properties commanding cap rates hovering around the 6% mark.
Exterior Features

Exterior Building Type Vinyl Siding Lot Size Less Than .25 Acre Multi Family Type 1 Story Unit/s Parking Details Space/s Parking Onsite Yes Parking Ownership N/A Parking Total 4 Waterfront YN No

Interior Features

Basement None Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 4 Half Baths In Building 0 Heating Natural Gas Rooms Total 22

Property Features

Age 61-70 Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - has seller written direction Corporate Limits Joliet General Information School Bus ServiceCommuter Bus Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 6903.88 Tax Year 2022 Total Numberof Unitsin Building 4 Township Joliet Type Two to Four Units Water Source Public Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Citypoint Illinois LLC: 847-744-5003.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-04-03T23:58:22.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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