509 Kungs Way, Joliet, IL 60435
Local realty services provided by:Better Homes and Gardens Real Estate Connections
509 Kungs Way,Joliet, IL 60435
$615,000
- 7 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:joseph batliner
Office:listing leaders northwest, inc
MLS#:12509532
Source:MLSNI
Price summary
- Price:$615,000
About this home
SHOWINGS ON WEDNESDAY (11/05) 12PM-3PM 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:1 day(s) ago
- Updated:November 03, 2025 at 05:36 PM
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)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 509 Kungs Way
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