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112-114 N Center St 8 Unit Apartment Building $1,210,000 ($151,250/Unit) 6.97% Cap Rate Joliet, IL 60435
EXECUTIVE SUMMARY
INVESTOR ALERT! Fantastic investment opportunity in Joliet IL, a solid 8-unit brick building in the heart of Joliet offering strong rental income and future upside. Property features a mix of one- and two-bedroom apartments, well-maintained common areas, street parking, and recent updates including roof and mechanicals. Tenants enjoy convenient access to highways, shopping, schools, and public transportation. Consistently rented with room for value-add improvements to maximize returns. A great addition to any investor's portfolio-schedule your showing today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$122,760
|
$18.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,760
|
$18.32
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $122,760 |
| Annual Per SF | $18.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,760 |
| Annual Per SF | $18.32 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,210,000 | Building Class | C |
| Price Per Unit | $151,250 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,700 SF |
| Cap Rate | 6.97% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-5, Joliet | ||
| Price | $1,210,000 |
| Price Per Unit | $151,250 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 0.78/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-5, Joliet |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 450 - 500 |
| 1+1 | 2 | - | 600 - 650 |
| 2+1 | 1 | - | 750 - 800 |
| 3+1 | 3 | - | 1,050 - 1,100 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 30-07-09-413-002 | Improvements Assessment | $146,000 |
| Land Assessment | $10,400 | Total Assessment | $156,400 |
PROPERTY TAXES
Parcel Number
30-07-09-413-002
Land Assessment
$10,400
Improvements Assessment
$146,000
Total Assessment
$156,400
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112-114 N Center St
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