11 Nicholson Street
Property Description
Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $779,000 |
| No. of Units: | 6 |
| Year Built: | 1910 |
| Opportunity Zone: | No |
| Price per unit: | $129,833 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 6 |
ID: 3yd-MREDIL-12761614
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