Joliet Multifamily Investment
30 N Broadway St, Joliet, IL 60435
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Five-unit property in downtown Joliet with convenient access to transportation.
Type:Multifamily
Property size:
5,000 SFLot size:
0.22 AcresPrice / SF:
$135/SF- Added:
- Mar 23, 2026
- Days on Market:
- 55
- Last Refresh:
- Mar 25 at 8:39 am
Property Features for 30 N Broadway St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1923
Listing agent John Przybyla License #471010441
Listing office Horvath & Tremblay (312) 361-1643
Listing date Mar 23, 2026
Source Crexi
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 Horvath & Tremblay
HighLights
- Located in the downtown core of Joliet, offering strong access to the city’s central business district, retail corridors, and residential neighborhoods.
- Convenient access to major regional routes including Interstate 80 and Interstate 55.
- Proximity to the Joliet Gateway Center transit hub (Metra and Amtrak) providing efficient rail access to Chicago.
- Features eight (8) off‑street parking spaces.
- The building contains five (5) total units: one (1) 2‑Bedroom/1‑Bathroom, two (2) 1‑Bedroom/1‑Bathroom, and two (2) Studio units.
- Property is situated on a 0.22‑acre parcel.
Overview
The multi-family investment property at 30-32 N Broadway St in Joliet, IL, features a two-story building with five units. The unit mix includes one 2-bedroom/1-bathroom unit, two 1-bedroom/1-bathroom units, and two studio units. The building has 4,000 square feet of gross living area within a 5,000 square foot gross area. Situated on a 0.22-acre parcel, the property includes eight off-street parking spaces. Located in the downtown core of Joliet, the property offers access to the city’s central business district, retail corridors, and residential neighborhoods. It benefits from connectivity to Interstate 80 and Interstate 55, and proximity to the Joliet Gateway Center transit hub, providing rail access to Chicago and the Chicagoland region.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$545.1K
NOI $49,059 @ 9.00% cap · cautious / downside scenario
Moderate
$700.8K
NOI $49,059 @ 7.00% cap · market / base-case scenario
Aggressive
$981.2K
NOI $49,059 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.4k | $19.08 |
| − Vacancy | −$6.2k | −$1.24 |
| EGI | $89.2k | $17.84 |
| − OpEx | −$40.1k | −$8.03 |
| NOI | $49.1k | $9.81 |
5,000 SF · lease $19.08/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$700.8K
$613.2K – $817.7K
NOI $49,059 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,200 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.0887492
- Latitude
- 41.524623
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FAQs
What type of property is this?
Apartment building - Five-unit property in downtown Joliet with convenient access to transportation.
Where is this apartment building located?
The property is located at 30 N Broadway St Joliet, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Located in the downtown core of Joliet, offering strong access to the city’s central business district, retail corridors, and residential neighborhoods.; Convenient access to major regional routes including Interstate 80 and Interstate 55.; Proximity to the Joliet Gateway Center transit hub (Metra and Amtrak) providing efficient rail access to Chicago.
