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

$6,750,000

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About 900-934 & 825-835 North Prairie & North Raynor Avenue

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.

Features of 900-934 & 825-835 North Prairie & North Raynor Avenue

MLS® # 12403565
Price $6,750,000
Bathrooms 0.00
Acres 0.00
Year Built 1950
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 900-934 & 825-835 North Prairie & North Raynor Avenue
Area Joliet
City Joliet
County Will
State IL
Zip Code 60435

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Brick
Foundation Concrete Perimeter

Additional Information

Days on Market 115
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCitypoint Illinois LLC
Contact Info847-744-5003

Listing Map

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