Joliet, IL 60435,509 Kungs WAY
Joliet, IL 60435,509 Kungs WAY
Joliet, IL 60435,509 Kungs WAY
Joliet, IL 60435,509 Kungs WAY
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Michael Bempah

Michael Bempah

The Bempah Group

+1(630) 206-9116
$ 615,000
Est. payment | /mo

7 Beds

4 Baths

Save
$ 615,000
Est. payment | /mo
Save

7 Beds

4 Baths

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

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Joseph Batliner of  Listing Leaders Northwest, Inc 
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Michael Bempah
Michael Bempah

Broker | License ID: 475.175881

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA

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509 Kungs WAY

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