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$615,000
7
beds
4
baths

509 Kungs Way
Joliet, Illinois 60435

New / MLS #12562184 / Multiple Unit (2-4) / Joliet
Listing information updated 2/6/2026 at 6:04am
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 responsible for gas and water; tenants responsible for 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.
Exterior Type:
Brick
Basement:
Other,Partial
Beds Above Grade:
7
Heating System:
Natural Gas, Baseboard
Pool:
No
Age:
61-70 Years
Parking Type:
Off Street,Parking Lot,Yes
Parking Spaces:
4
Room Count:
19
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre
Tax Amount:
$11,260
Tax Year:
2024
Zip Code:
60435
City:
Joliet
County:
Will
School District(s):
86, 204
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Listing Leaders Northwest, Inc

Listing Office Phone: 219.961.5478

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/6/2026 at 6:04am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Joliet

Joliet, IL

Joliet is known as the "Crossroads of Mid-America." As the third largest city in Illinois, Joliet benefits from two major interstates, I-80 and I-55, in addition to two Metra commuter lines and Amtrak service. Joliet is named after Louis Jolliet, an explorer who visited the area on a canoe voyage up...
$277,319
Average Sale Price
43
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 509 Kungs Way, Joliet, IL 60435
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509 Kungs Way, Joliet, IL 60435 is a multiple unit (2-4) currently listed at $615,000. 509 Kungs Way features 7 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since February 5th, 2026 and was built in 1964.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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