About 11 Nicholson Street
Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.
Open House
Features of 11 Nicholson Street
| MLS® # | 12761614 |
|---|---|
| Price | $779,000 |
| Bathrooms | 0.00 |
| Acres | 0.34 |
| Year Built | 1910 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | New |
Community Information
| Address | 11 Nicholson Street |
|---|---|
| Area | Joliet |
| City | Joliet |
| County | Will |
| State | IL |
| Zip Code | 60435 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Vinyl Siding |
|---|
Additional Information
| Days on Market | 4 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|