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509 Kungs Way, 
Joliet, IL 60435

$615,000


7

Beds


4

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Joseph Batliner

Merry Galindo

Listing Leaders Northwest, Inc

Last updated:

November 6, 2025, 05:38 PM

MLS#

12509532

Source:

MLSNI

About This Home

509 Kungs Way

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.

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 1964

Price Summary

615,000

MLS #:

12509532

Last Updated:

November 6, 2025, 05:38 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1964


Finances & Disclosures

Finances

Price:

$615,000

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