509 Kungs Way, Joliet, IL, 60435

$615,000

7

Beds

4

Baths

About 509 Kungs Way

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 your mortgage while building long-term equity. Located in a quiet, desirable pocket of Joliet with easy access to I-55, I-80, downtown amenities, and major developments like the Rock Run Collection and new Hollywood Casino project.

Additional Information: This property is located in the Joliet neighborhood, IL. This 7 bedrooms two to four units property is priced at $615,000.

Facts & Features

MLS® # 12509532
Price $615,000
Bedrooms 7
Bathrooms 4.00
Taxes $11,260
Acres 0.00
Year Built 1964
Type Residential Income
Sub-Type Two to Four Units
Status New

Community Information

Address 509 Kungs Way
Area Joliet
City Joliet
County Will
State IL
Zip Code 60435

Amenities

Parking Spaces 4
Parking Off Street, Parking Lot, On Site
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Baseboard
Fireplace No
Has Basement Yes
Basement Other, Partial

Exterior

Exterior Brick

School Information

District 204

Additional Information

Days on Market 1
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $11,260

Listing Details

OfficeListing Leaders Northwest, Inc
Contact Info219-961-5478

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?