509 Kungs Way Joliet, IL 60435
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Listing Leaders Northwest, Inc

  509 Kungs Way Joliet, IL 60435

Contingent (34 Days)
$615,000 (USD)
7
BED
4
BATH

Description

MULTIPLE OFFERS RECEIVED - We will be doing a Highest & Best by 11/6 at 6:00PM. 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.

MLS #:
12509532
Taxes
$11,260(2024)
Type
Multifamily
Year Built
1964
School District
204,86
County
Will County

Listed By

Joseph Batliner, Listing Leaders Northwest, Inc
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Dec 6 2025 at 2:41 PM GMT+0000
Bathroom Details
Heating and Cooling
  • Baseboard
  • Natural Gas
Basement Information
  • Other
  • Partial
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Off Street
  • Parking Lot
  • Yes
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.