301 S Ottawa St - Apartments FOR SALE


Joliet, IL 60436- Downtown Joliet
$665,000 USD
312-957-7189
301 S Ottawa St, Joliet, IL for Sale
$665,000 USD
Apartments - FOR SALE
1/10
null | 8.49% Cap Rate

301 S Ottawa St
Joliet, IL 60436
Downtown Joliet


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Growing Location
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 301 S Ottowa Street in Joliet, IL (the “Property”). The two-story building contains six (6) total units comprised of one (1) commercial unit, one (1) 3-Bedroom/1-Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit, two (2) 1-Bedroom/1-Bathroom units, and one (1) Studio unit with 6,000 square feet of gross living area and 6,500 square feet of gross area. The Property is situated upon two separate parcels totaling 0.42-acres of land and offers ample parking with five (5) spaces available. Additionally, there is a vacant lot adjacent to the Property that is vacant and can be developed into a development of prospective buyers choosing, further enhancing value to the Property. 301 & 303 S Ottawa Street is centrally located near downtown Joliet, offering excellent visibility within a growing commercial and residential hub. Positioned just minutes from Interstate 80 and Interstate 55, the property provides efficient regional connectivity to Chicago, Naperville, and surrounding Will County communities. Its strategic location offers walkable access to downtown amenities including restaurants, retail, civic institutions, and public transit via the Joliet Gateway Center Metra and Amtrak station. Nearby attractions such as the Rialto Square Theatre, Harrah’s Casino, and the Des Plaines Riverwalk support a lively local environment, enhancing tenant convenience, quality of life, and long-term investment appeal.

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

6

PRICE/UNIT

$110,833

CAP RATE

8.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

301 & 303 S Ottawa St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

B-2

APN/PARCEL ID

30-07-16-235-024

ASK ABOUT THIS PROPERTY

Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

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Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.