509 Kungs Way, Joliet, IL 60435
Local realty services provided by:ERA Naper Realty
509 Kungs Way,Joliet, IL 60435
$615,000
- 7 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: joseph batliner, merry galindo
Office: listing leaders northwest, inc
MLS#:12509532
Source:MLSNI
Price summary
- Price:$615,000
About this home
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.
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Home facts
- Year built:1964
- Listing ID #:12509532
- Added:7 day(s) ago
- Updated:November 11, 2025 at 09:09 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Baseboard, Natural Gas
Structure and exterior
- Year built:1964
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$615,000
- Tax amount:$11,260 (2024)
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