509 Kungs Way | Image 1
New
509 Kungs Way | Image 2
509 Kungs Way | Image 3
509 Kungs Way | Image 4

$615,000

A day ago

7 Bed

4 Bath

--

4 Parking

MLS® 12562184

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $11,260
Days Active 0
Lot Size 
Approx. Age 1964
MLS® Number 12562184

Property Address: 509 Kungs Way, Joliet, IL, 60435-5396

Average square foot calculated using Size range provided by listing agent.

Description

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 responsible for gas and water; tenants responsible for 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.
MLS® Number12562184
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1964
BasementOther, Partial
DrivewayOff Street, Parking Lot, Yes
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 5, 2026List Date
$615,000List Price
  • Commute

Commute

Starting Address
Destination Address
509 Kungs Way, Joliet, IL

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