Two-Story Mixed-Use
For Sale
$600,000
301 S Ottawa Street, Joliet, IL 60436
Six-unit configuration combines commercial space with residential layouts from studio through three bedrooms.
Property Size6,000 SF
Lot Size0.42 Acres
Price / SF$100
Days on Market141
Property Features for 301 S Ottawa Street
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
5
Lot size
0.42 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Cap Rate
9.85%
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,270
Amenities
3
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Crosstown Realtors, Inc.
(708) 417-1646
Listed By:
Steve Rozhon · License #475164695
(708) 417-1646
Source:
Xome
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 2:19PM
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 Crosstown Realtors, Inc.
Investment Insights
Based on property information with market context.
Built in 1900, this two-story mixed-use building contains approximately 6,000 square feet across six total units. The configuration includes one commercial space and five residential units ranging from a studio to a three-bedroom layout. Many residential units have been renovated, and several include new electrical systems. The property occupies two parcels totaling 0.42 acres and provides five off-street parking spaces, with an adjacent vacant lot included in the site context.
The building is located at 301 S Ottawa Street in downtown Joliet, with access to restaurants, entertainment, and public transportation. Regional connections include I-80, I-55, and the Joliet Gateway Center Metra and Amtrak station, all described as minutes from the property. Nearby destinations include the Rialto Square Theatre, local casinos, and the Des Plaines Riverwalk.
The property carries a 9.85% cap rate and includes a six-unit arrangement with both commercial and residential occupancy components.
The building is located at 301 S Ottawa Street in downtown Joliet, with access to restaurants, entertainment, and public transportation. Regional connections include I-80, I-55, and the Joliet Gateway Center Metra and Amtrak station, all described as minutes from the property. Nearby destinations include the Rialto Square Theatre, local casinos, and the Des Plaines Riverwalk.
The property carries a 9.85% cap rate and includes a six-unit arrangement with both commercial and residential occupancy components.
Key Highlights
- Six total units, including one commercial space and five residential units
- Approximately 6,000 square feet in a two‑story building built in 1900
- Residential layouts range from studio to three‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 60436, IL
18,535
Population
7,136
Households
2.6
Avg Household Size
36
Median Age
14%
College-Educated
78%
High-School Grad
18.0 sq mi
ZIP Area
1,030
Density / Sq Mi
$63,570
Median Household Income
$33,514
Median Earnings
$1,242
Median Rent
$170,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-unit configuration combines commercial space with residential layouts from studio through three bedrooms.
Where is this mixed-use property located?
The property is located at 301 S Ottawa Street Joliet, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Six total units, including one commercial space and five residential units; Approximately 6,000 square feet in a two‑story building built in 1900; Residential layouts range from studio to three‑bedroom units
