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
  • Pending
Listed by: joseph batliner, merry galindo
Office: listing leaders northwest, inc
MLS#:12562184
Source:MLSNI

Price summary

  • Price:$615,000

About this home

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 responsible for gas and water; tenants responsible for 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 #:12562184
  • Added:101 day(s) ago
  • Updated:February 13, 2026 at 02:28 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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