Closed

$615,000

509 Kungs Way, Joliet, IL 60435
7 Beds4 Baths5 days
509 Kungs Way·Joliet, IL 60435
7Bedrooms
4Bathrooms
1964Year Built
About This Home

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 responsible for gas and water; tenants responsible for 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.

MLS# 12562184Listed February 5, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms19

Size & Structure

Year Built1964
Lot Size9443

Location

CountyWill
TownshipJoliet
Zip Code60435

Financial

List Price$615,000
Annual Taxes (2024)$11,260
Monthly Tax Est.$938
Parcel #0506122140120000
Interior Features

Heating

Natural GasBaseboard

Basement

OtherPartial
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Off StreetParking LotYes
Tax & Financial
Annual Taxes
$11,260
Tax Year 2024
Monthly Tax Est.
$938
per month
Property Location

509 Kungs Way, Joliet, IL 60435 — Will County

$615,000
509 Kungs Way
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
9443
$11,260/yr taxes
$4,170
estimated monthly payment
Principal & Interest
$3,232/mo
Property Tax
$938/mo
$615,000
20% — $123,000
3%50%
6.875%
3%12%
Loan Amount
$492,000
Down Payment
$123,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Listing Leaders Northwest, Inc
Agent: Joseph Batliner
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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