Joliet, IL 60435 900-934 & 825-835 North Prairie & North Raynor Avenue
$6,750,000



19 more




















Presented By: Citypoint Illinois LLC
Home Details
Never listed before and offered together as a rare portfolio acquisition, 900-934 N Prairie Avenue and 825-835 N Raynor Avenue comprise a well-maintained, 40-unit multifamily investment located in the Cathedral District of Joliet, IL. The portfolio consists of 34 townhouse style units at Prairie Avenue and 6 townhouse style units at Raynor Avenue, both properties are currently fully occupied. Each unit features a spacious floor plan, large unfinished basements with laundry hookups, and tenant-paid utilities-resulting in both convenience for residents and lower overhead for ownership. Tenants provide their own appliances, allowing for flexibility and reduced maintenance responsibilities. The properties offer street parking eliminating the need for snow removal services. With strong in-place cash flow, excellent occupancy, and value-add potential through rent increases, the Prairie & Raynor Avenue Portfolio offers investors a turn-key, income-producing asset in a growing submarket. This is an ideal opportunity for buyers seeking scale, stability, and long-term upside in a high-demand rental area. An IL licensed broker is a member of the LLC that owns the property.
Presented By: Citypoint Illinois LLC
Interior Features for 900-934 & 825-835 North Prairie & North Raynor Avenue
Other Interior Features
BasementUnfinished
General for 900-934 & 825-835 North Prairie & North Raynor Avenue
Additional Parcels Y/NYes
Cap Rate7.7
CityJoliet
Construction MaterialsBrick
CoolingCentral Air
CountyWill
Current UseMulti-Family
DirectionsRaynor Ave to Ross or Moran St to N Prairie
Electric Expense
Fuel Expense
Gross Income685476
Insurance Expense29586
MLS AreaJoliet
Maintenance Expense39800
ModificationTimestamp2025-07-01T05:07:29.725Z
Net Operating Income519253
Number Of Units Total40
Operating Expense166222
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount57663
Tax Year2023
TownshipJoliet
Trash Expense0
Water Sewer Expense0
Year Built1950
Exterior for 900-934 & 825-835 North Prairie & North Raynor Avenue
Foundation DetailsConcrete Perimeter
Lot Dimensions390 FT X 260 FT
Additional Details
Price History
