REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Jan

Fri

Jan

Sat

Jan

Kevin Wagan

kevinwagan@gmail.com +1(630) 518-5042

$ 615,000

Est. payment -/mo

Save

Active Under Contract

509 Kungs WAY Joliet, IL 60435

7 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12509532

Bedrooms 7

Year Built 1964

Annual Tax Amount $11,260

Tax Year 2024

Lot Dimensions 9443

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Will

Area Joliet

Rooms

Basement Other, Partial

Interior

Heating Natural Gas, Baseboard

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 86 , 86, 204

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Joseph Batliner of Listing Leaders Northwest, Inc

SCHOOLSPROPERTIES

Elementary Schools 20

7

Troy Heritage Trail School

Public | PK - 4
7

Troy Craughwell School

Public | KG - 4
7

Richland Elementary School

Public | PK - 4
6

Crystal Lawns Elementary School

Public | PK - 5
6

Richland Jr High School

Public | 5 - 8
5

Grand Prairie Elementary School

Public | PK - 5
5

Thomas Jefferson Elementary School

Public | PK - 5
5

Thomas Jefferson Elementary School

Public | PK - 5
5

Rockdale Elementary School

Public | PK - 8
5

Taft Elementary School

Public | KG - 5
4

Carl Sandburg Elementary School

Public | KG - 5
3

Pershing Elementary School

Public | KG - 5
3

Lynne Thigpen Elementary School

Public | KG - 5
1

Farragut Elementary School

Public | KG - 5
0

Kindercare Learning Center #1002

Private | PK - TKG
0

TLC Learning Center

Private | PK - KG
0

Mary Sears Children's Academy

Private | PK - KG
0

Bobbie Noonans Child Care

Private | PK - KG
0

Marycrest Early Childhood Center

Public | PK - KG
0

St Jude School

Private | PK - 8

Middle Schools 3

5

Hufford Junior High School

Public | 6 - 8
5

Dirksen Junior High School

Public | 6 - 8
0

Gah Dillard Harris Educational Center

Private | 6 - 12

High Schools 2

3

Joliet West High School

Public | 9 - 12
0

Joliet Catholic Academy

Private | 9 - 12

School and business data provided by Attom Data.

Kevin Wagan

Agent

+1(630) 518-5042

Kevin Wagan

509 Kungs WAY Joliet, IL 60435

Key Details

Location

Rooms

Interior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

509 Kungs WAY