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209 N Center Street Joliet, IL $ 1,200,000
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$ 1,200,000 Get more info
209 N Center Street
$ 1,200,000
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209 N Center Street

Joliet, IL, 60435
$ 1,200,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 7,389

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209 N Center Street, Joliet, IL 60435 - Image 10
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209 N Center Street, Joliet, IL 60435 - Image 12
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Multi-Family Home for sale in Joliet, IL

for $1,200,000 with 6 bedrooms. This home was built in 1920.

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.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 6,045

Style

Year Built

1920

Town/City

Joliet

County/Region

Will

MLS | Web ID

12565687
Features
General
Sewer Storm Sewer
Utilities Water Available
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1920
Tenant Pays Electricity Other
Stories Count 3
Township Joliet
Tax Year 2024
Gross Income 116580
County Will
Net Operating Income 90995
Operating Expense 25585
Insurance Expense 7900
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 500
Status Active
Directions CASS ST TO CENTER SOUTH 2 BLOCKS CORNER OF CAMPBELL AND CENTER
City Joliet
Number Of Units Total 8
MLS Area Joliet
Tax Annual Amount 6045
Electric Expense 1100
Fuel Expense 3500
Trash Expense 2640
Water Sewer Expense 3300
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 7.58
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Interior
Basement Unfinished
Total Fireplaces 7
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Exterior
Water Source Municipal Water
Foundation Details Block Brick/Mortar Stone
Lot Dimensions 124 X 100
Frontage Type City Street
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* Excluded Features
List By
Karges Realty

Broker

davidneven4482@yahoo.com

Email

Affordability Calculator

$7,892
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$504
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2/11/2026$1,200,000 Listed Price

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209 N Center Street, Joliet, IL, 60435 is a Multi-Family Home for sale at $1,200,000. 209 N Center Street has 6 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 60435 which is in Joliet, IL

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