11 Nicholson Street,Joliet, IL 60435
Joliet, IL 60435
Description
Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
Details
| MLS # | 12761614 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 10 |
| Listing Provided By | Compass | Dan Nelson |
Features
| Story(s) | 2 |
|---|---|
| Units | 6 |
| Zoning | COMMR |
| Acreage | 0.34 |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 22886 |
Area Information
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60435 |
| Area | Joliet |
| Listing VS Median (in 60435) | |
Price: $779,000 low | high Med: $300,000 On site: 10 low | high Med: 22 | |
Market Activity 60435
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Learn More About This Property
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60435 |
| Area | Joliet |
| Listing VS Median (in 60435) | |
Price: $779,000 low | high Med: $300,000 On site: 10 low | high Med: 22 | |
