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Joliet Investment Opportunity

256 Nicholson Street, Joliet, IL 60435

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For Sale

Under Contract

$350,000

MULTI_FAMILY - Joliet, IL

Lot size:

0.15 Acres

HighLights

Delivered fully vacant at closing, allowing immediate implementation of investment strategy.
Solid 3‑unit investment property with upside potential.
Three separate meters for utilities.
Full basement with storage and shared laundry (washer and dryer).
Rubberized roof replaced approximately 9 years ago.
Hot water tanks from 2021 and 2011.

We can help!

Listing Contact

Landon Kelly

For Sale

Under Contract

$350,000

MULTI_FAMILY - Joliet, IL

Lot size:

0.15 Acres

Added:: Apr 21, 2026
Days on Market:: 55
Last Refresh:: Jun 14 at 10:06 am

Property Features for 256 Nicholson Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MULTI
Bedrooms: 5
Bathrooms: 3
Rooms: Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 2, Basement, Bedroom 4, Bedroom 1, Bathroom 1
Parking: 1
Parking features: Owned, Driveway
Basement: Full, Partially Finished
Standard status: Active Under Contract
APN: 3007093140040000
Lot size: 0.15 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 7017

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas
Water source: Public

Building Details

Year built: 1924
Building materials: Brick
Roof type: Rubber

We can help!

Listing Contact

Landon Kelly

Listing agent Landon Kelly License #475199429

Listing office Real Broker, LLC 50 S. Main Street, Suite 200, Naperville, IL

Listing date Apr 21, 2026

MLS# 12625108 Listing URL

HighLights

Delivered fully vacant at closing, allowing immediate implementation of investment strategy.
Solid 3‑unit investment property with upside potential.
Three separate meters for utilities.
Full basement with storage and shared laundry (washer and dryer).
Rubberized roof replaced approximately 9 years ago.
Hot water tanks from 2021 and 2011.

Overview

This 3-unit property in Joliet presents an investment opportunity with potential for increased value. The property features two front units and a rear apartment. The two main units each include 2 bedrooms, 1 bathroom, a living room, a dining room, and a kitchen. The rear unit is a 1-bedroom studio-style apartment. A full basement provides storage and shared laundry facilities with a washer and dryer. The property has 3 separate meters. Improvements include a rubberized roof replaced approximately 9 years ago, a new side door, and two new side windows. There is 1 exterior parking space. 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. Situated on a lot of 0.15 acres, this property offers long-term hold potential with the ability to increase rents and build equity. The property will be delivered fully vacant at closing, allowing the next owner to immediately implement their strategy and maximize returns.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Joliet
County: Will
State: Illinois
Longitude: -88.093321
Latitude: 41.527646

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For sale
Triplexes
IL
Joliet
60435
256 Nicholson Street

What type of property is this?

Triplex - Solid 3-unit property with upside potential in Joliet, Illinois.

Where is this triplex located?

The property is located at 256 Nicholson Street Joliet, IL.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Delivered fully vacant at closing, allowing immediate implementation of investment strategy.; Solid 3‑unit investment property with upside potential.; Three separate meters for utilities.

256 Nicholson Street, Joliet, IL 60435

MULTI_FAMILY - Joliet, IL

Property Features for 256 Nicholson Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Joliet Office Complex For Sale

Two-Story Former Department Store

Updated Office Suite with Private Offices

High-Traffic Commercial Property in Joliet

Former YMCA on 26.55 Acres

Freestanding Office Building Near Hospital

Move-in Ready Office Building, Joliet

Joliet Commercial Property For Sale

Commercial Property in Joliet, IL

Commercial Property in Joliet, IL

Multi-Use Building on Essington Road

Two-Unit Residential Income Duplex

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