Property summary
This exceptional investment opportunity presents a 12-unit apartment building located at 155-157 N Eastern Ave, Joliet, IL 60432. The property, comprised of two attached three-story buildings on an 11,616 sq ft lot, offers a compelling combination of strong cash flow and significant upside potential. Built in 1900 and extensively renovated in 2018 and 2021, the property boasts 8,448 square feet of living space, with each of the twelve units featuring one bedroom and one bathroom. All units… include individual electric forced air furnaces, central air conditioning units, and tankless water heaters. A shared laundry room is conveniently located at the rear of the building. The property also includes seven on-site parking spaces, with an additional six spaces available under a separate lease agreement. Recent upgrades include a new roof (2018), balconies, and windows. The building is fully compliant with all safety regulations, having received an occupancy permit in 2021 following the installation of a fire alarm and sprinkler system. The current Net Operating Income (NOI) stands at $126,855, representing a 9.23% capitalization rate. The asking price is $1,375,000, translating to $114,583.33 per unit and $162.76 per square foot. Tenants are responsible for electricity, a prorated share of water and garbage bills, and parking fees (where applicable). This stabilized investment property is offered for sale by owner and is held within an LLC. Serious inquiries only.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.15 ac
- Year built
- 1890
- APN
- 30-07-10-322-015
- Assessed value · 2023
- $137,290
- Annual tax · 2023
- $13,551
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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