Property Description

Here is a rare opportunity to acquire a rock-solid, fully occupied, and meticulously maintained all-brick three-flat in a prime Joliet location. Situated on a prominent corner lot within walking distance to the University of St. Francis, this property offers immediate, reliable cash flow from day one with a track record of strong historical occupancy. The building features a highly marketable unit mix including two spacious two-bedroom apartments and one comfortable one-bedroom unit. The property stands out for its extensive list of capital updates, leaving nothing for the next owner to do but collect rent. Recent improvements include professional tuckpointing, vinyl-clad thermal windows, a high-efficiency Weil-McLain boiler, a completely renovated lower-level apartment, a remodeled rear stairwell, updated garage doors, and a durable rubber roof. On-site coin-operated laundry facilities provide additional monthly revenue, while the detached two-car garage is ripe for extra lease income or storage. Tenants pay their own electric. With the local rental market thriving and a highly walkable neighborhood near local plazas, shopping, and Saint Joseph Medical Center, this is a textbook addition to any real estate portfolio.

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Property Features

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