Joliet, IL 60435 209 N Center Street
$1,200,000



15 more















Presented By: Karges Realty
Home Details
ATTENTION INVESTORS - Exceptional Investment Opportunity! Well-Maintained And Fully Rented 7-Unit Brick Apartment Building Featuring Seven Income-Producing Units, With Tenants Responsible For Their Own Electric And Cooking Gas. The Property Showcases Numerous New Windows, Several Updated Units, And Cozy Faux Fireplaces In Every Apartment. In Addition, The Property Includes A Stand-Alone Three-Bedroom Single-Family Home Located On The Same Lot, Providing Additional Income Potential. Offering A Strong Cap Rate, This Investment Also Features 12+ Rear Parking Spaces And Green Space For Tenant Enjoyment. Conveniently Located With Easy Access To I-80 And Close Proximity To Schools, Restaurants, Shopping, Downtown District, And Public Transportation. An Excellent Opportunity For Investors Seeking Stable Cash Flow And Long-Term Value.
Presented By: Karges Realty
Interior Features for 209 N Center Street
Other Interior Features
BasementUnfinished
Total Fireplaces7
General for 209 N Center Street
Additional Parcels Y/NYes
Cap Rate7.58
CityJoliet
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyWill
DirectionsCASS ST TO CENTER SOUTH 2 BLOCKS, CORNER OF CAMPBELL AND CENTER
Electric Expense1100
Fuel Expense3500
Gross Income116580
Insurance Expense7900
MLS AreaJoliet
MaintenanceExpense500
Net Operating Income90995
Number Of Units Total8
Operating Expense25585
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
SewerStorm Sewer
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount6045
Tax Year2024
Tenant PaysElectricity, Other
TownshipJoliet
Trash Expense2640
UtilitiesWater Available
Water Sewer Expense3300
Year Built1920
ZoningCOMMR
Exterior for 209 N Center Street
Foundation DetailsBlock, Brick/Mortar, Stone
Frontage TypeCity Street
Lot Dimensions124 X 100
Water SourceMunicipal Water
Additional Details
Price History
