1011 Broadway Street, Joliet, Illinois 60435
$372,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1959 |
| Property Taxes: | $6,904 |
| Days On Market: | 691 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1959 | |
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| — | |
| No | |
| — |
| Will | |
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| — / — | |
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| 11990483 | |
| 3007044090130000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Apr, 2024 | Sold | $372,500 | MRED MLS |
| 27 Feb, 2024 | Under contract | $400,000 | MRED MLS |
| 27 Feb, 2024 | Listed for sale | $400,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
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| 2640 | |
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| Not in DB | |
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| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $6,904 |
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Listing Provided By
Citypoint Illinois LLC
