Chicagoland Homes
  • Buy
  • Rent
  • Commercial
  • Find a REALTOR®
    Price range
    $
    $
    Bedrooms
    Bathrooms
    Home type
    Square feet
    Lot size
    Heating
    Cooling
    Parking spots
    Garage
    Basement
    Year built
    Max HOA
    Tours
    More amenities
    1 home
      1 home available
      509 Kungs Way, Joliet, IL 60435
      NEW 9 hrs ago
      509 Kungs Way, Joliet, IL 60435
      $615,000
      7beds
      sqft
      acres
      Multi Family for Sale

      509 Kungs Way, Joliet, IL 60435

      Listing by: Listing Leaders Northwest, Inc
      1 - 1 of 1 results
      © 2025 Mainstreet REALTORS® All Rights Reserved.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Equal opportunity
      Membio
      Chicagoland Homes
      509 Kungs Way, Joliet, IL 60435
      509 Kungs Way, Joliet, IL 60435
      509 Kungs Way, Joliet, IL 60435
      509 Kungs Way, Joliet, IL 60435
      NEW 9 hrs ago
      $615,000
      7beds
      full,half bath
      sqft
      acres

      509 Kungs Way, Joliet, IL 60435

      Multi Family for Sale by Joseph BatlinerListing Leaders Northwest, Inc.

      Data checked -. Listing last updated 7 hours ago.
      1. Overview
      2. Details
      3. More 

      SHOWINGS ON WEDNESDAY (11/05) 12PM-3PM Turnkey 4-Unit Investment Opportunity in Prime Joliet Location! Welcome to 509 Kungs Way - a well-maintained brick 4-unit offering a strong rent roll and updated interiors. The property features three 2-bed/1-bath units and one 1-bed/1-bath unit, with modern finishes and reliable tenants. Current gross income of $71,400 annually, with additional coin laundry income and room for future rent growth. Owner pays gas and water; tenants pay electric. Major capital improvements include a newer roof (2015) and boiler system in solid condition. Ideal for both seasoned investors and first-time buyers looking to start or expand a portfolio. Live in one unit and let the other three pay your mortgage while building long-term equity. Located in a quiet, desirable pocket of Joliet with easy access to I-55, I-80, downtown amenities, and major developments like the Rock Run Collection and new Hollywood Casino project.

      Internet Serviceability
      Details
        Property type
      Residential Income
        Year built
      1964
        Heating
      Natural Gas, Baseboard
        Cooling
        Total rooms
      15
        Garage
      No
        Parking spots
      4
      MRD12509532
      MLS ID
      Active
      Status
      11-03-2025
      On market date
        Laundry features
        Fireplace
      No
        Pets allowed
        Architectural Style
        Basement
      Other, Partial
      Interior features
      Exterior features
      Lot features
      Appliances included
      Construction materials
      Brick
      Monthly taxes
      $938
      Yearly taxes
      $11,260
      Community Features
      -
      School district
      Joliet Public Sch Dist 86, District 204
      Schools
      -
      Senior community
      No
      Common Charges
      -
      Maintenance
      -
      Additional Fees
      -
      Open Houses
      In-Person
      No upcoming in-person open houses
      Virtual
      No upcoming virtual open houses
      Contact Agent
      Listing By:
      JB
      Joseph Batliner
      MG
      Merry Galindo
      JB
      Joseph Batliner
      Direct 
       
      MG
      Merry Galindo
      Direct 
       
      Location
      From I-55 Exit 259 (IL-53/Chicago St): Turn south on Chicago St for ~1.8 miles. Turn right (west) onto West Jefferson St and continue ~1.3 miles. Turn left (south) onto Kungs Way. Property will be on the right at 509 Kungs Way.
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      509 Kungs Way, Joliet, IL 60435, is a 7 bedroom Multi Family built in 1964. This property is currently available for sale and was listed on Mainstreet REALTORS® on 11-3-2025. The MLS# for this Multi Family is MLS# MRD12509532.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Copyright ©2025 Mainstreet REALTORS®