835 N Raynor Ave - Apartments FOR SALE


Joliet, IL 60435- Cunningham
$6,750,000 USD
847-744-5003
835 N Raynor Ave, Joliet, IL for Sale
$6,750,000 USD
Apartments - FOR SALE
1/23
null | 7.69% Cap Rate

835 N Raynor Ave
Joliet, IL 60435
Cunningham


OVERVIEW

Never listed before and offered together as a rare portfolio acquisition, 900-934 N Prairie Avenue and 825-835 N Raynor Avenue comprise a well-maintained, 40-unit multifamily investment located in the Cathedral District of Joliet, IL. The portfolio consists of 34 townhouse style units at Prairie Avenue and 6 townhouse style units at Raynor Avenue, both properties are currently fully occupied. Each unit features a spacious floor plan, large unfinished basements with laundry hookups, and tenant-paid utilities-resulting in both convenience for residents and lower overhead for ownership. Tenants provide their own appliances, allowing for flexibility and reduced maintenance responsibilities. The properties offer street parking eliminating the need for snow removal services. With strong in-place cash flow, excellent occupancy, and value-add potential through rent increases, the Prairie & Raynor Avenue Portfolio offers investors a turn-key, income-producing asset in a growing submarket. This is an ideal opportunity for buyers seeking scale, stability, and long-term upside in a high-demand rental area. An IL licensed broker is a member of the LLC that owns the property.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$6,750 USD /SF

# OF UNITS

40

PRICE/UNIT

$168,750

CAP RATE

7.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

40-UNIT MULTIFAMILY PORTFOLIO - JOLIET IL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

30-07-05-419-019

ASK ABOUT THIS PROPERTY

Kathleen LongCitypointMore Info
847-744-5003

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Kathleen LongCitypointMore Info
847-744-5003

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