IL
Will
Joliet
60435
509 Kungs Way
509 Kungs Way, Joliet, IL 60435
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Listing Type
Multi Family
Listing Status
active
4
$615,000

Home Details for 509 Kungs Way

Price
$615,000
Type
Residential Income
Bedrooms
7
Bathrooms
4.0
Square feet
NaN
Year built
1964
County
Will
Total rooms
15
Garage
Basement
Other, Partial
Days on site
0
MLS Listing#
12509532
Property Description

SHOWINGS ON WEDNESDAY (11/05) 12PM-3PM 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.

Property Features
  • Heating Information
    • Natural Gas
    • Baseboard
  • Parking
    • Off Street
    • Parking Lot
  • Basement
    • Other
    • Partial
  • Water Features
    • Public
Listing Courtesy: Listing Leaders Northwest, Inc - 219-961-5478
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-11-04 11:30:31. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-11-04 11:30:31
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EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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