Address
311 N Ottawa Street, Joliet, IL
Price
$ 5,700,000
Property Attributes
  • MLS#12006580
  • TypeContingent
  • CountyWILL
  • CityJoliet
  • AreaJoliet
  • NeighborhoodCity Center
  • Zip60432
  • StyleMulti-Family
  • Year Built1967
  • Taxes$ 30075
  • Price$ 5,700,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage58000
  • Lot Size1.33 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

In the heart of Joliet City Center. 139 units:(42) efficiency units 385 sf, (92) 1 bedrooms 520 sf, (5) 2 bedrooms 740 sf and (1) 2 bedroom manager/maintenance residence. There are 6 laundry rooms approximately 680 sf on even floors. 2 large community rooms with kitchens/kitchenette, common bathrooms, 2 offices and storage. Ground floor boiler room, 3 boilers, back up generator, 1 water meter and 1 gas meter for the entire building. Simplex fire alarm system panel upgraded 2021. Fire sprinkler system covers the entire building. 2 elevators and 44 parking spaces plus 3 ADA.

Price History
3/19/2024 Listed $5,700,000

General Features

Zoning MULTI
Construction Materials Brick,Block
Year Built 1967
Tenant Pays Electricity
Stories 13
Tax Year 2021
Current Use Multi-Family
Gross Income 1286629
County Will
Net Operating Income 1505947
Operating Expense 400599
Insurance Expense 190313
Property Type Commercial Sale
Contingency Attorney/Inspection
MaintenanceExpense 522799
Possible Use Condominium,Development,Multi-Family,Special Use,Zoning Change Required,Other,Elderly Housing,Single Room Occupancy
Status Contingent
Directions IL 53 to Ottawa to property.
City Joliet
NumberOfUnitsTotal 139
MLS Area Joliet
Street Name Ottawa
Tax Annual Amount 30075
Additional Parcels Y/N No
Days on Market 76
Standard Status Active Under Contract
Property Type Multi Family 5+

Interior Features

Street Suffix Street
Basement None

Exterior Features

Foundation Details Concrete Perimeter
Building Area Total 58000
Lot Dimensions 254X300X132X150X132
Lot Size Acres 1.33

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60432

Price
AVG $680K
$5.7M
Taxes
AVG $6,476
$30,075
Visits
AVG 179
299
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1967