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6-Unit Townhouse Apartment Building
For Sale
$925,000

101 Nicholson Street, Joliet, IL 60435

Two-story residences combine private basements with separate electric service responsibility for each household.

Property SizeContact for details
Days on Market46

Property Features for 101 Nicholson Street

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Commercial
Zoning MULTI

Site & Location

Neighborhood St. Pats Area

Units

Unit Mix 6 x 2BR/1.5BA
Multifamily Units 6
Parking per Unit 2

Additional Details

Average Monthly Rent $1,370
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $12,180

Building Details

Year Built 1971
Stories 2
Units 6
Listing Agency: Homecoin.com
Listed By: Jonathan Minerick · License #01523060
Source: Fishmangroup
Added: Sep 10 Changed: Oct 24 Last Checked: Oct 23 at 5:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homecoin.com

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Investment Insights

Based on property information with market context.

This 6-unit multifamily property comprises two-story townhouse residences, each with 2 bedrooms, 1.5 bathrooms, and a private unfinished basement. The first floor contains a living room, kitchen, and half bathroom; both bedrooms and the full bathroom are upstairs. Built in 1971, the property is zoned MULTI and includes 12 off-street parking spaces, or two per residence.

Recent work includes a mansard roof replacement in 2023, a new EPDM flat roof, concrete leveling in 2025, a 2024 asphalt driveway, and exterior improvements. Three units have received updates to flooring, paint, shower surrounds, and hardware. The property passed a City of Joliet inspection in 2025.

Residents are responsible for their own electric service. Ownership covers gas, water, and trash service.

Key Highlights

  • Six townhouse‑style units, each with 2 bedrooms and 1.5 bathrooms
  • Private unfinished basement in every residence
  • 12 off‑street parking spaces, with two allocated to each unit

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

576
Businesses Nearby

Demographics for 60435, IL

48,927
Population
20,162
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
4,530
Density / Sq Mi
$74,967
Median Household Income
$41,201
Median Earnings
$1,145
Median Rent
$217,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two-story residences combine private basements with separate electric service responsibility for each household.
Where is this apartment building located?
The property is located at 101 Nicholson Street Joliet, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Six townhouse‑style units, each with 2 bedrooms and 1.5 bathrooms; Private unfinished basement in every residence; 12 off‑street parking spaces, with two allocated to each unit
More about this property
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