BEDS5
BATHS3 full
MLS#12625108
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 204
Property Description
Solid 3-unit investment opportunity in Joliet offering strong upside and flexibility for the next owner. The property consists of two front units and a rear apartment. Each of the main units features 2 bedrooms, 1 bathroom, and a functional layout with separate living room, dining room, and kitchen spaces. The rear unit is a 1-bedroom studio-style apartment, providing an additional income stream. The property includes a full basement with storage and shared laundry (washer and dryer), along with 3 separate meters. Additional improvements include a rubberized roof replaced approximately 9 years ago, a new side door, and two new side windows. There is also 1 exterior parking space where a garage previously stood. Mechanicals include hot water tanks from 2021 and 2011, with two units sharing one system and the rear unit on the other. The furnace age is unknown but was recently serviced on 3/23/26. Window A/C units are installed throughout. Some updates can be made over time, making this a great value-add opportunity for investors looking for long-term hold potential with the ability to increase rents and build equity. Property will be delivered fully vacant at closing, allowing the next owner to immediately implement their strategy and maximize returns.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partially Finished, Full
Basement: Yes
Heating: Natural Gas
Lot Size: 0.15 Acres
Roof Type: Rubber
Taxes: $7,017
Year Built: 1924
Feature Descriptions
Exterior: Brick
Lot Dimensions: 50x140
Parcel#: 3007093140040000
Parking: Driveway, Yes, Owned
Sewer: Public Sewer
Total Rooms: 15
Township: Joliet
Water: Public
Local Schools
School District: District 204
Listed By / Shown By
Listed By
Agency Name: Real Broker, LLC
Agency Phone: 217-960-8605
Shown By
Agent Name: Karl Gasbarra
Agent Phone: (815) 975-4218
Agency Title: Gambino Realtors
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Estimated Payment
$ 2,276.64 per month $1,589.81 Principal & Interest $584.75 Property Tax $102.08 Homeowner's InsuranceChange Payment Information
Karl Gasbarra
Office: (815) 623-3333
Cell: (815) 975-4218
Fax: (815) 231-8163
Direct: (815) 975-4218
Corporate Relocation Director: (815) 975-4218
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256 Nicholson Street | MLS# 12625108
This multi-family property located at 256 Nicholson Street , Joliet, IL 60435 is currently listed for sale with an asking price of $350,000. Nicholson Street is located within the District 204 school district. Search Joliet real estate on kgasbarra.gogambino.com today.