Brick 4-Unit Income
509 Kungs Way Joliet, IL 60435
For Sale
Contact for pricing
Pending
Well-maintained brick quadplex with three two-bedroom units and one one-bedroom unit, plus coin laundry income.
Days on Market258
Property Features for 509 Kungs Way
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing Agency:
AJ Commercial Group
(224) 627-1295
Listed By:
Anthony Munoz · License #RB20001582
Source:
Crexi
Added: Nov 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:14AM
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 AJ Commercial Group
Investment Insights
Based on property information with market context.
509 Kungs Way is a well-maintained brick 4-unit income property with updated interiors. The building includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, offering a mix of unit sizes for rental needs. Additional coin laundry income is on-site, and the owner pays gas and water while tenants pay electric.
The property has undergone major capital improvements, including a newer roof installed in 2015 and a boiler system reported to be in solid condition.
Conveniently located in Joliet with easy access to I-55 and I-80, and nearby downtown amenities and major developments referenced in the area include the Rock Run Collection and the new Hollywood Casino project.
The property has undergone major capital improvements, including a newer roof installed in 2015 and a boiler system reported to be in solid condition.
Conveniently located in Joliet with easy access to I-55 and I-80, and nearby downtown amenities and major developments referenced in the area include the Rock Run Collection and the new Hollywood Casino project.
Key Highlights
- Well‑maintained brick 4‑unit quadplex built in 1964
- Unit mix: three 2 bed/1 bath units plus one 1 bed/1 bath unit
- Current gross income of $71,400 annually, plus additional coin laundry income
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained brick quadplex with three two-bedroom units and one one-bedroom unit, plus coin laundry income.
Where is this quadplex located?
The property is located at 509 Kungs Way Joliet, IL.
What are key features of this property?
This property features: Well‑maintained brick 4‑unit quadplex built in 1964; Unit mix: three 2 bed/1 bath units plus one 1 bed/1 bath unit; Current gross income of $71,400 annually, plus additional coin laundry income
