256 Nicholson Street, Joliet, IL 60435
Local realty services provided by:CENTURY 21 Affiliated
256 Nicholson Street,Joliet, IL 60435
$350,000
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: landon kelly
Office: real broker, llc.
MLS#:12625108
Source:MLSNI
Price summary
- Price:$350,000
About this home
Solid 3-unit investment opportunity in Joliet offering strong upside and flexibility for the next owner. The property consists of two front units and a rear apartment. Each of the main units features 2 bedrooms, 1 bathroom, and a functional layout with separate living room, dining room, and kitchen spaces. The rear unit is a 1-bedroom studio-style apartment, providing an additional income stream. The property includes a full basement with storage and shared laundry (washer and dryer), along with 3 separate meters. Additional improvements include a rubberized roof replaced approximately 9 years ago, a new side door, and two new side windows. There is also 1 exterior parking space where a garage previously stood. Mechanicals include hot water tanks from 2021 and 2011, with two units sharing one system and the rear unit on the other. The furnace age is unknown but was recently serviced on 3/23/26. Window A/C units are installed throughout. Some updates can be made over time, making this a great value-add opportunity for investors looking for long-term hold potential with the ability to increase rents and build equity. Property will be delivered fully vacant at closing, allowing the next owner to immediately implement their strategy and maximize returns....
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Home facts
- Year built:1924
- Listing ID #:12625108
- Updated:April 24, 2026 at 10:52 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:15
- Basement:Yes
- Basement Description:Full, Partially Finished
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1924
- Lot area:0.15 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$350,000
- Tax amount:$7,017 (2024)
Parking
- Total parking spaces:1
- Parking description:Driveway
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