Will, US
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.
Courtesy Of: Listing Leaders Northwest, Inc
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 11/03/2025
Interior Features
- Bedrooms Possible:
- 7
- Rooms Total:
- 15
Exterior Features and Amenities
- Lot Size Dimensions:
- 9443
- Parking Total:
- 4
Financial
- Purchase Contract Date:
- 2025-11-07
- Days On Market:
- 5
- Tax Annual Amount:
- $11,260.00
- Tax Year:
- 2024
Other Features
- Elementary School District:
- 86
- High School District:
- 204
- Middle Or Junior School District:
- 86
- Age:
- 61-70 Years
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 the right at 509 Kungs Way.
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Data last updated: 2025-12-19.
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