301 South Ottawa 301 S Ottawa St 6 Unit Apartment Building $650,000 ($108,333/Unit) 8.65% Cap Rate Joliet, IL 60436

An excellent investment opportunity, this mixed-use property at 301 & 303 S. Ottawa Street in Joliet offers a two-story building with six total units, including one commercial space and a mix of residential layouts ranging from a studio to a three-bedroom unit. The building provides approximately 6,000 square feet of living space and sits on two parcels totaling 0.42 acres, with five off-street parking spaces. An adjacent vacant lot adds significant upside potential for future development or expansion. Located in the heart of downtown Joliet, the property benefits from strong visibility and walk-able access to restaurants, entertainment, and public transportation. The site is minutes from I-80, I-55, and the Joliet Gateway Center Metra and Amtrak station, offering excellent regional connectivity. Nearby attractions, including the Rialto Square Theatre, casinos, and the Des Plaines Riverwalk, enhance tenant appeal and long-term demand. Positioned in a growing market with diverse employment drivers, this asset presents both stable income and value-add potential. Seller is a licensed real estate broker.