509 Kungs Way, Joliet, IL 60435

• 7 beds |
• 4 baths

Property Description

Turnkey 4-Unit Investment Opportunity in Prime Joliet Location! Welcome to 509 Kungs Way - a well-maintained brick 4-unit offering a strong rent roll and updated interiors. The property features three 2-bed/1-bath units and one 1-bed/1-bath unit, with modern finishes and reliable tenants. Current gross income of $71,400 annually, with additional coin laundry income and room for future rent growth. Owner responsible for gas and water; tenants responsible for electric. Major capital improvements include a newer roof (2015) and boiler system in solid condition. Ideal for both seasoned investors and first-time buyers looking to start or expand a portfolio. Live in one unit and let the other three pay your mortgage while building long-term equity. Located in a quiet, desirable pocket of Joliet with easy access to I-55, I-80, downtown amenities, and major developments like the Rock Run Collection and new Hollywood Casino project.

Listing Status:

Pending

Data Last Updated:

February 15, 2026 at 7:18AM

Listing Office:

Listing Leaders Northwest, Inc : 219-961-5478

Listing Agent:

Joseph Batliner : 224-401-9152

MLS ID:

12562184

Interior

• Basement: OtherPartial
• Heating: Natural GasBaseboard

Exterior

• Parking: Off StreetParking LotYesParking spaces: 4

Location

• Originating MLS: mred
• School District: 86
• County: Will

Lot

• Zoning: 0506122140120000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple