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311 N Ottawa Street Joliet, IL $ 5,700,000
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$ 5,700,000 Get more info
311 N Ottawa Street
$ 5,700,000
Back to search
Share Save

311 N Ottawa Street

Joliet, IL, 60432
$ 5,700,000
Bedrooms3 Baths0.0 Sq 58,000

Monthly Estimate*

$ 39,816

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Multi-Family Home for sale in Joliet, IL

for $5,700,000 with 3 bedrooms. This 58,000 square foot home was built in 1967 on a lot size of 1.33.

In the heart of Joliet City Center. 139 units:(42) efficiency units 385 sf, (92) 1 bedrooms 520 sf, (5) 2 bedrooms 740 sf and (1) 2 bedroom manager/maintenance residence. There are 6 laundry rooms approximately 680 sf on even floors. 2 large community rooms with kitchens/kitchenette, common bathrooms, 2 offices and storage. Ground floor boiler room, 3 boilers, back up generator, 1 water meter and 1 gas meter for the entire building. Simplex fire alarm system panel upgraded 2021. Fire sprinkler system covers the entire building. 2 elevators and 44 parking spaces plus 3 ADA.

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Multi-Family Active

Price

$ 5,700,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 30,075

Style

Multi-Family

Lot Size

1.33

Year Built

1967

Town/City

Joliet

County/Region

Will

MLS | Web ID

12006580
Features
General
Zoning MULTI
Construction Materials Brick Block
Year Built 1967
Tenant Pays Electricity
Stories 13
Tax Year 2021
Current Use Multi-Family
Gross Income 1286629
County Will
Net Operating Income 1505947
Operating Expense 400599
Insurance Expense 190313
Property Type Commercial Sale Multi Family 5+
Possible Use Condominium Development Multi-Family Special Use Zoning Change Required Other Elderly Housing Single Room Occupancy
Status Active
Directions IL 53 to Ottawa to property.
City Joliet
Total Units 139
MLS Area Joliet
Street Name Ottawa
Tax Annual Amount 30075
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 8
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 58000
Lot Dimensions 254X300X132X150X132
Lot Size Acres 1.33
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Interior
Street Suffix Street
Basement None
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* Excluded Features
List By
Johns Real Estate Home Services

Broker

johnsrealestatehomeservices@gmail.com

Email

Affordability Calculator

$42,322
Per Month
94%
6%
0%
Monthly Principal & Interest
$39,816
Monthly Property Taxes
$2,506
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/19/2024$5,700,000 Listed Price

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311 N Ottawa Street, Joliet, IL, 60432 is a Multi-Family Home for sale at $5,700,000 with 58,000 sqft and a lot size of 1.33. 311 N Ottawa Street has 3 bedrooms, 0.0 baths, and was built in 1967. The property's zip code is 60432 which is in Joliet, IL

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