509 Kungs Way, Joliet, IL

Property Overview

AJ Commercial Group is proud to announce the sale of 509 Kungs Way, a well-maintained 4-unit multifamily property located in Joliet, Illinois. This stabilized asset features fully updated units, solid in-place rents, and strong operational fundamentals—making it an attractive long-term investment in a growing suburban market.

The building consists of three (3) two-bedroom units and one (1) one-bedroom unit, all offering clean, updated interiors. The property is serviced by a high-efficiency boiler, with updated electric panels (breaker system) and newer vinyl windows. The roof is approximately 10 years old, and all units were well-maintained at the time of sale.

With tenants responsible for electricity and the owner covering gas and water, this low-maintenance asset delivers consistent cash flow in a high-demand rental corridor near schools, retail, and public transit in Joliet.

Property Highlights

• 4-unit multifamily in Joliet, IL
• Unit mix: (3) 2BR / 1BA and (1) 1BR / 1BA
• All units clean and updated
• New vinyl windows throughout
• Updated breaker electric panels
• High-efficiency boiler
• Roof approximately 10 years old
• Quiet residential location with stable rent roll

Key Details

• Address: 509 Kungs Way, Joliet, IL
• Total Units: 4
• Unit Mix: (3) 2BR / (1) 1BR
• Submarket: Joliet / Will County