Two-building, 6-unit multifamily portfolio located in Joliet’s Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet’s most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
Property Details
Price:
$779,000
MLS #:
MRD12761614
Status:
Active
Beds:
3
Baths:
3
Type:
Commercial
Neighborhood:
joliet
Listed Date:
Oct 6, 2026
Year Built:
1910
See this Listing
Schools
Interior
Exterior
Construction Materials
Vinyl Siding
Stories
2
Financial
Maintenance Fee
$2,000
Tax Year
2024
Taxes
$22,886
Map
Community
- Address11 Nicholson Street Joliet IL
- CityJoliet
- CountyWill
- Zip Code60435
Market Summary
Current real estate data for Commercial in Joliet as of Oct 11, 2026
30
Commercial Listed
204
Avg DOM
$1,418,900
Avg List Price
Property Summary
- 11 Nicholson Street Joliet IL is a Commercial for sale in Joliet, IL, 60435. It is listed for $779,000
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Copyright 2026. All rights reserved.
11 Nicholson Street
Joliet, IL


