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509 Kungs Way Joliet, IL $ 615,000
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$ 615,000 Get more info
509 Kungs Way
$ 615,000
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Share Save

509 Kungs Way

Joliet, IL, 60435
$ 615,000
Bedrooms7 Baths4.0

Monthly Estimate*

$ 3,837

509 Kungs Way, Joliet, IL 60435 - Image 1
509 Kungs Way, Joliet, IL 60435 - Image 2
509 Kungs Way, Joliet, IL 60435 - Image 3
509 Kungs Way, Joliet, IL 60435 - Image 4

Multi-Family Home for sale in Joliet, IL

for $615,000 with 7 bedrooms and 4 full baths. This home was built in 1964.

MULTIPLE OFFERS RECEIVED - We will be doing a Highest & Best by 11/6 at 6:00PM. 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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Multi-Family Contingent

Price

$ 615,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 11,260

Style

Year Built

1964

Town/City

Joliet

County/Region

Will

MLS | Web ID

12509532
Features
General
Sewer Public Sewer
Heating Natural Gas Baseboard
Possession Closing
Construction Materials Brick
Year Built 1964
Township Troy
Tax Year 2024
Ownership Fee Simple
Gross Income 71400
County Will
Net Operating Income 62329
Insurance Expense 2000
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 15
Status Contingent
Directions From I-55 Exit 259 (IL-53/Chicago St): Turn south on Chicago St for ~1.8 miles. Turn right (west) onto West Jefferson St and continue ~1.3 miles. Turn left (south) onto Kungs Way. Property will be on
City Joliet
High School District 204
MLS Area Joliet
Tax Annual Amount 11260
Electric Expense 1572
Fuel Expense 1572
Trash Expense 1080
Water Sewer Expense 3074
Standard Status Active Under Contract
Middle/Junior School District 86
Elementary School District 86
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Interior
Basement Other Partial
Total Bedrooms 7
Total Baths 4
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Off Street Parking Lot Yes
Water Source Public
Total Parking 4
Lot Dimensions 9443
Waterfront Y/N N
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* Excluded Features
List By
Listing Leaders Northwest, Inc

Broker

jhbatliner@gmail.com;jbatliner@ajcommercialgroup.com

Email

Affordability Calculator

$4,775
Per Month
80%
20%
0%
Monthly Principal & Interest
$3,837
Monthly Property Taxes
$938
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565968 Elementary School
565651 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/3/2025$615,000 Listed Price

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509 Kungs Way, Joliet, IL, 60435 is a Multi-Family Home for sale at $615,000. 509 Kungs Way has 7 bedrooms, 4.0 baths, and was built in 1964. The property's zip code is 60435 which is in Joliet, IL

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