221 Comstock St Joliet, IL 60436
- Commercial real estate
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 221 Comstock St
- Year built
- 1927
- Lot size
- 0.14 lot acres
- Property type
- Commercial real estate
Description
This meticulously maintained five-unit brick building presents a compelling investment opportunity in a desirable Joliet neighborhood. Situated on a quiet street, the property boasts four spacious two-bedroom units, each featuring seven rooms, providing ample living space for tenants. A fifth unit, a one-bedroom apartment, is conveniently located in the basement. Recent upgrades significantly enhance the property's value and reduce future maintenance concerns. These improvements include a new roof, boiler, windows, and water tanks, ensuring long-term efficiency and minimizing potential repair costs. Adding to the property's appeal are two two-car garages situated at the rear, offering valuable off-street parking for residents. A shared laundry room is conveniently located in the basement, providing a practical amenity for all tenants. The 0.14-acre lot provides ample space for the building and parking. This property offers a strong potential for rental income and appreciation, making it an attractive investment for both seasoned and new investors seeking a well-maintained, multi-family property in a stable market. The property's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a quicker return on investment. This is a turnkey opportunity not to be missed.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.0945
- Latitude
- 41.5192
