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.
Closed
$615,000
509 Kungs Way, Joliet, IL 60435
7beds
--sqft
Multi Family
Built in 1964
-- sqft lot
$624,300 Zestimate®
$--/sqft
$2,047 Estimated rent
Home value
$624,300
$574,000 - $674,000
$2,047/mo
Zestimate® history
Owner options
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$4,417/mo
Est. payment
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$4,417/mo
Est. payment
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Modern finishesUpdated interiors
Zillow last checked:
Listing updated:
Listing courtesy of:
Joseph Batliner 224-401-9152,
Listing Leaders Northwest, Inc,
Merry Galindo 219-292-8833,
Listing Leaders Northwest, Inc
Bought with:
Timothy Mahoney
City Pro Realty
Source: MRED as distributed by MLS GRID,MLS#: 12562184
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Baseboard
Features
- Basement: Other,Partial
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Parking Lot, Yes
Lot
- Size: 9,443 sqft
Details
- Parcel number: 0506122140120000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Joliet
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/9/2026 | Pending sale | $615,000 |
Source:  MRED as distributed by MLS GRID #12562184 Report a problem | ||
| 2/6/2026 | Sold | $615,000 |
Source: MRED as distributed by MLS GRID #12562184 Report a problem | ||
| 2/5/2026 | Listed for sale | $615,000 |
Source: MRED as distributed by MLS GRID #12562184 Report a problem | ||
| 2/4/2026 | Listing removed | $615,000 |
Source: MRED as distributed by MLS GRID #12509532 Report a problem | ||
| 11/7/2025 | Contingent | $615,000 |
Source: MRED as distributed by MLS GRID #12509532 Report a problem | ||
| 11/3/2025 | Listed for sale | $615,000+16% |
Source: MRED as distributed by MLS GRID #12509532 Report a problem | ||
| 1/29/2025 | Sold | $530,000+103.8% |
Source: Public Record Report a problem | ||
| 7/13/2018 | Sold | $260,000-8.8% |
Source: Public Record Report a problem | ||
| 1/1/2014 | Listing removed | $285,000 |
Source: CENTURY 21 Affiliated #08314761 Report a problem | ||
| 4/12/2013 | Listed for sale | $285,000 |
Source: Century 21 Pro-Team #8314761 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,260 +4.6% | $136,231 +11.3% |
| 2023 | $10,761 +26.7% | $122,400 +31.1% |
| 2022 | $8,494 -1.7% | $93,334 |
| 2021 | $8,640 +0.1% | $93,334 |
| 2020 | $8,633 -2.2% | $93,334 |
| 2019 | $8,831 +12.1% | $93,334 +15.7% |
| 2018 | $7,879 -3.5% | $80,640 |
| 2017 | $8,164 -3.8% | $80,640 |
| 2016 | $8,487 -22.2% | $80,640 -10.4% |
| 2015 | $10,905 | $90,000 -10.2% |
| 2014 | $10,905 +6.6% | $100,251 |
| 2013 | $10,234 | $100,251 |
Find assessor info on the county website
Neighborhood: 60435
Nearby schools
GreatSchools rating
- 4/10Thomas Jefferson Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Hufford Junior High SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Joliet West High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: 86
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$624,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$624,300
- Illinois
- Will County
- Joliet
- 60435
- 509 Kungs Way
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