318 Dewey Street

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318 Dewey Street

Joliet, IL 60436
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Joliet.
  • Located at 318 Dewey Street in the 60436 zip code.
  • Property situated within the greater Chicago metropolitan region.
  • Suitable asset for professional residential portfolio management.
  • Regional hub benefiting from robust suburban economic growth.

What's Special

Investors seeking to expand their residential holdings in the Joliet area should consider this apartment building at 318 Dewey Street. As part of a growing suburban market within the greater Chicago metropolitan region, this asset offers a strategic position for those looking to capitalize on rental demand in a well-established Illinois community. The property provides a straightforward acquisition for operators interested in multifamily management and long-term residential housing provision. Joliet benefits from a diverse economic base and significant connectivity, serving as a regional hub for commuters and local industry alike. The building is positioned to cater to local residents who value access to the amenities and employment centers found throughout Will County. This multifamily asset functions as a functional addition to a stable investment portfolio, supporting steady operational potential in an accessible suburban environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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