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0 Beds

$779,000

11 Nicholson Street, Joliet IL, 60435

Built in1910
Property typeMulti-family
Listed by Dan Nelson with Compass 773-466-7150

Overview

Active

New

Listed Oct 6, 2026

Updated 7h ago

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.

$5,183/mo

Est. mortgage payment based on a $779,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$22,886
Tax Frequency
Annually
Maintenance Expense
$2,000
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Listed by Dan Nelson with Compass 773-466-7150

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