Courtesy of: Dan Nelson, Compass, dan@danloveshouses.com
Courtesy of: Dan Nelson, Compass, dan@danloveshouses.com
$779,000
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4 bed
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6.00 Bath (6 Full)
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Lot: 0.34 Acres
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Other
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$779,000
11 Nicholson Street Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3, 456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
Courtesy of: Dan Nelson, Compass, dan@danloveshouses.com
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