6-Unit Brick Apartment
For Sale
$640,000
219 Youngs Avenue, Joliet, IL 60432
Separate utility service and gas-forced-air heating serve each residence.
Property Size4,784 SF
Price / SF$133.78
Days on Market40
Property Features for 219 Youngs Avenue
General Information
Standard status
Active
Size
4,784 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
COMMR
Site & Location
Neighborhood
Northeast Area
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 3BR/1BA
Multifamily Units
6
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$3,989
Building Details
Building Size
4,784 SF
Year Built
1910
Stories
2
Units
6
Construction
brick
Listing Agency:
eXp Realty
Listed By:
Michelle Carr · License #475130558
(815) 729-4128
Source:
Fishmangroup
Added: Sep 16
Changed: Oct 23
Last Checked: Oct 23 at 1:24PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 4,784-square-foot brick apartment property contains six three-bedroom, one-bath residences, arranged across garden, main, and upper levels. The units have been updated, and enclosed rear stairs and porches serve the building. Each apartment has its own utility service and gas-forced-air heat. The property was built in 1910 and is zoned COMMR.
Six parking spaces are provided. A rubber-coated roof was installed in 2022, and the building also has aluminum gutters and downspouts. Joliet’s downtown district, schools, restaurants, shopping, and public transportation are nearby, with access to I-80 also noted.
Six parking spaces are provided. A rubber-coated roof was installed in 2022, and the building also has aluminum gutters and downspouts. Joliet’s downtown district, schools, restaurants, shopping, and public transportation are nearby, with access to I-80 also noted.
Key Highlights
- Six 3‑bedroom, 1‑bath apartments: two garden‑level, two main‑floor, and two second‑floor units
- 4,784 SF brick multifamily property, built in 1910
- Each unit has separate utilities and gas‑forced‑air heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,940
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,800
$938.8K
Cap Rate 7%
$670,571
$670.6K
Cap Rate 9%
$521,556
$521.6K
Market Conditions
NOI Build-Up for 4,784 SF
Gross rent
$91.3K $19.08/SF
− Vacancy
−$5.9K −$1.24/SF
EGI
$85.3K $17.84/SF
− OpEx
−$38.4K −$8.03/SF
NOI
$46.9K $9.81/SF
Area
Joliet, IL
Vacancy
6.50%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,800
Cap Rate 7%
$670,571
Cap Rate 9%
$521,556
Alternative Uses
Best Use
Apartment 5plus
$670.6K
$586.8K – $782.3K
NOI $46,940 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,742 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 60432, IL
19,989
Population
7,287
Households
2.7
Avg Household Size
33
Median Age
13%
College-Educated
65%
High-School Grad
8.5 sq mi
ZIP Area
2,352
Density / Sq Mi
$64,099
Median Household Income
$33,920
Median Earnings
$1,261
Median Rent
$185,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utility service and gas-forced-air heating serve each residence.
Where is this apartment building located?
The property is located at 219 Youngs Avenue Joliet, IL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Six 3‑bedroom, 1‑bath apartments: two garden‑level, two main‑floor, and two second‑floor units; 4,784 SF brick multifamily property, built in 1910; Each unit has separate utilities and gas‑forced‑air heat
