301 S Ottawa St - Apartments FOR SALE


Joliet, IL 60436- Downtown Joliet
$650,000 USD
708-417-1646
301 S Ottawa St, Joliet, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/10
null | 8.65% Cap Rate

301 S Ottawa St
Joliet, IL 60436
Downtown Joliet


OVERVIEW

An excellent investment opportunity, this mixed-use property at 301 & 303 S. Ottawa Street in Joliet offers a two-story building with six total units, including one commercial space and a mix of residential layouts ranging from a studio to a three-bedroom unit. The building provides approximately 6,000 square feet of living space and sits on two parcels totaling 0.42 acres, with five off-street parking spaces. An adjacent vacant lot adds significant upside potential for future development or expansion. Located in the heart of downtown Joliet, the property benefits from strong visibility and walk-able access to restaurants, entertainment, and public transportation. The site is minutes from I-80, I-55, and the Joliet Gateway Center Metra and Amtrak station, offering excellent regional connectivity. Nearby attractions, including the Rialto Square Theatre, casinos, and the Des Plaines Riverwalk, enhance tenant appeal and long-term demand. Positioned in a growing market with diverse employment drivers, this asset presents both stable income and value-add potential. Seller is a licensed real estate broker.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

8.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

301 South Ottawa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

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

Steve Rozhon JrCrosstown Realtors, IncMore Info
708-417-1646

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Steve Rozhon JrCrosstown Realtors, IncMore Info
708-417-1646

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