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.
Whether you're thinking about selling, repositioning, or executing a 1031 exchange — start with a real conversation. We'll listen first and give you actual numbers, not just a pitch.
