207 S Ottawa Street

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207 S Ottawa Street

Joliet, IL 60436
Asking Price
$395K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Joliet, Illinois.
  • Property situated at 207 S Ottawa Street.
  • Offered for sale at an asking price of 395,000 dollars.
  • Asset occupies a central position within the local market.
  • Strategically located within the greater Chicago metropolitan region.

What's Special

Joliet serves as a key industrial and residential hub within the Chicago metropolitan area, benefiting from robust regional connectivity and ongoing economic development. Positioned at 207 S Ottawa Street, this multifamily apartment building occupies a central location within the city. The property presents a practical acquisition for investors seeking to maintain a foothold in the local housing market. With steady demand for rental units in this well-established suburban landscape, the asset is suited for various management strategies ranging from long-term hold portfolios to repositioning efforts. Its proximity to major transportation arteries and downtown Joliet amenities supports consistent accessibility for tenants. The configuration of the building allows for straightforward residential leasing operations, making it a functional addition to a diverse commercial real estate investment strategy.

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NOI
$80,000
Cap Rate
20.25%
DSCR
3.41
Strong
Cash-on-Cash
47.72%
Monthly Payment
$1,954.244
Annual Cash Flow
$56,549.066

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