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    113 N Center St Joliet, IL 60435

    Under Contract
    For Sale
    $375,000

    Commercial Sale - Joliet, IL

    Property size:
    2,160 SF
    Lot size:
    0.13 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 113 N Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    0070932502600000
    Size
    2,160 SF
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1910
    Number of units
    5
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Jeff Jakob (815) 553-2406 License #475176651

    Listing date Oct 30, 2025

    MLS# 12476390 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Joliet Multifamily Investment Opportunity

    This is a fully rented 5-unit studio apartment building located near downtown Joliet and the University of St. Francis. The property contains 2,160 square feet and is situated on a lot of approximately 0.13 acres. All five units have been updated within the last eight years, with one unit being brand new in 2024. This multi-family property is a turn-key investment with potential for rent growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0914565
    Latitude
    41.5257258

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    FAQs

    What type of property is this?
    Apartment building - Fully rented 5-unit apartment building near downtown Joliet.
    Where is this apartment building located?
    The property is located at 113 N Center St Joliet, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Fully rented 5-unit apartment building provides immediate cash flow.; - Updated units, including one brand new in 2024.; - Turn-key investment opportunity.
    (815) 553-2406
    Request Owner's contact information
    113 N Center St Joliet, IL 60435
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    Joliet, IL 60435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 N Center St Joliet, IL 60435
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