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825-827 W Jefferson Street

Joliet, IL 60435
  • $795,000
  • STATUS: Active Under Contract
  • ON SITE: 63 Days
  • MLS #: 11707493
Under Contract
UPDATED: 107 min ago
$795,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1926
County:
Area:

School Ratings & Info

Description

MONEY MAKER! 8 - UNIT, Two-All Brick Buildings which Have 7-Residential and-1 Business Unit! All 7-Residential Units are $900. per Unit, per month. The 8th-Unit is a First Floor Cigar Shop business that has a Full Bathroom with a Shower and has Potential for Living Space in the Rear with Monthly Rent of $1,495. All Residential Units are One-Bedroom and Pay for their own Electricity and Heating Gas!. The Owner pays for the Water and only the Gas that heats the Three, 70-Gallon Water Tanks along with some Common electric. Their is All - New Windows in the last Three Years and a $20,000. New Electric Meter was installed in 2021! Four Units Have All New Flooring and Paint! All Have Forced Air Heat making it easy and less costly to add Central A/C later and increase even more income! There are Two Separate Buildings Connected only by a 2nd Floor Passageway.. The 825-Building had A Complete New Roof in 2011. The 827 Building had A New Asphalt Roof Replaced in 2021. Both Buildings Have Newer Breakers replaced in-2019. Two New 70-Gallon Hot Water Heaters were replaced for the 825-Building in 2018 and A 3rd 70-Gallon was replaced for Building 827 in year 2021. A New Sump Pump For Building 827-was done in 2019 and for Building-825 A New Sump was done in 2018. Two Separate PIN#'S, Plenty of Parking And a Large Parking Lot on The East side of The Building! Conveniently Located! Minutes to Jewel, McDonald's, Restaurants, Downtown, Casino, Shopping, I-80, Etc.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2023-03-30T23:57:52.997 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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825-827 W Jefferson Street Joliet, IL 60435

  • Price: $795,000
  • Status: Active Under Contract
  • On Site: 63 Days
  • Updated: 107 min ago
  • MLS #: 11707493
0
Beds
0
Baths
0
½ Baths
0.36
Acres
1926
Built
Neighborhood:
Joliet
County:
Will
Area:
Joliet
Property Description
MONEY MAKER! 8 - UNIT, Two-All Brick Buildings which Have 7-Residential and-1 Business Unit! All 7-Residential Units are $900. per Unit, per month. The 8th-Unit is a First Floor Cigar Shop business that has a Full Bathroom with a Shower and has Potential for Living Space in the Rear with Monthly Rent of $1,495. All Residential Units are One-Bedroom and Pay for their own Electricity and Heating Gas!. The Owner pays for the Water and only the Gas that heats the Three, 70-Gallon Water Tanks along with some Common electric. Their is All - New Windows in the last Three Years and a $20,000. New Electric Meter was installed in 2021! Four Units Have All New Flooring and Paint! All Have Forced Air Heat making it easy and less costly to add Central A/C later and increase even more income! There are Two Separate Buildings Connected only by a 2nd Floor Passageway.. The 825-Building had A Complete New Roof in 2011. The 827 Building had A New Asphalt Roof Replaced in 2021. Both Buildings Have Newer Breakers replaced in-2019. Two New 70-Gallon Hot Water Heaters were replaced for the 825-Building in 2018 and A 3rd 70-Gallon was replaced for Building 827 in year 2021. A New Sump Pump For Building 827-was done in 2019 and for Building-825 A New Sump was done in 2018. Two Separate PIN#'S, Plenty of Parking And a Large Parking Lot on The East side of The Building! Conveniently Located! Minutes to Jewel, McDonald's, Restaurants, Downtown, Casino, Shopping, I-80, Etc.
Exterior Features

Exterior Building Type Brick Outdoor Parking 19-30 Spaces Parking Total 20 Roof Structure Flat

Interior Features

Basement Partially Finished Heat Ventilation Forced AirGasSeparate Per Unit Number Of Dryers 0 Number Of Ranges 7 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Contingency Financing Continue To Show No - Has Seller Written Direction Gross Income 93540 Gross Scheduled Income 93540 Insurance Expense 1 Location Corner Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 77033 Operating Expense 14660 Tax Annual Amount 14647 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 7795 Type Multi Family 5+ Utilities Sanitary SewerWater-MunicipalWater To Site Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Real Estate Group: 815-744-1000.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2023-03-30T23:57:52.997 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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