MONEY MAKER! GREAT OPPORTUNITY FOR THIS ( 8 ) - UNIT, TWO - SEPARATE BUT CONNECTED - ALL BRICK BUILDINGS WHICH HAVE , 7-RESIDENTIAL AND - 1 BUSINESS UNITS LOCATED ON W. JEFFERSON STREET! ALL 7 - RESIDENTIAL UNITS ARE $900. PER MONTH ON A MONTH TO MONTH BASIS. MANY TENANTS HAVE BEEN THERE FOR YEARS. THE 8TH UNIT IS A FIRST FLOOR CIGAR SHOP BUSINESS THAT HAS A FULL BATHROOM WITH A SHOWER AN POTENTIAL FOR LIVING SPACE IN THE REAR WITH MONTHLY RENT OF $1,495 AND HAS APROX. 1-1/2 YEARS LEFT ON THE LEASE. ALL RESIDENTIAL UNITS ARE ONE-BEDROOM AND PAY FOR THEIR OWN ELECTRIC AND HEATING GAS. THE OWNER PAYS FOR THE WATER AND ONLY THE GAS THAT HEATS THE THREE 70-GALLON WATER TANKS, AND SOME COMMON LIGHTING. THEIR IS ALL NEW WINDOWS IN THE LAST THREE YEARS AND A $20,000. NEW MULTIPLE ELECTRIC METER WAS INSTALLED IN 2021! SOME UNITS HAVE NEW FLOORING AND ALL UNITS HAVE FORCED AIR HEAT. THERE ARE TWO SEPARATE BUILDINGS CONNECTED TOGETHER. THE 825-BUILDING HAD A COMPLETE NEW ROOF IN 2011. THE 827 BUILDING HAD A NEW ASPHALT REPLACED IN 2021. BOTH BUILDINGS HAVE NEWER BREAKERS - 2019. TWO-NEW 70-GALLON HOT WATER HEATERS WERE REPLACED FOR THE 825-BUILDING IN 2018 AND A 3RD 70-GALLON WAS REPLACED FOR BUILDING 827-IN 2021. A NEW SUMP PUMP FOR BUILDING 827-WAS DONE IN 2019 AND FOR BUILDING-825 A NEW SUMP WAS DONE IN 2018. TWO SEPARATE PIN#'S, PLENTY OF PARKING AND A LARGE PARKING LOT ON THE EAST SIDE OF THE PROPERTY! CONVENIENTLY LOCATED! MINUTES TO JEWEL GROCERY, MCDONALD'S, RESTAURANTS, SHOPPING, i-80, ETC.!
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For more information about 825-827 W Jefferson, Joliet, IL 60435 contact Corcoran Urban Real Estate.
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