1. Illinois
  2. Joliet
  3. 900-934 & 825-835 North Prairie & North Raynor Avenue
$6,750,000

900-934 & 825-835 North Prairie & North Raynor Avenue, Joliet, IL 60435

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Listing Office:
Citypoint Illinois LLC : 847-744-5003
Listing Agent:
Kathleen Long : 224-509-2351
MLS ID:
12403565
  • Basement: Unfinished
  • A/C: Central Air

This listing courtesy of Kathleen Long, Citypoint Illinois LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Taft Elementary School

1125 Oregon St, Joliet, IL, 60435

Grades KG-5

0.29 miles away

H

Hufford Junior High School

1125 N Larkin Ave, Joliet, IL, 60435

Grades 6-8

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.