419 N Raynor Avenue

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419 N Raynor Avenue

Joliet, IL 60435
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 located at 419 N Raynor Avenue
  • Asset positioned within the Joliet residential rental market
  • Joliet serves as a primary hub for Chicago regional commerce
  • Property offers potential for long-term investment and residential growth
  • Strategic location supports consistent demand from the local workforce

What's Special

Situated at 419 N Raynor Avenue in Joliet, this multifamily apartment building presents a functional investment option within the Illinois market. Joliet remains a significant hub for logistics and regional commerce, bolstered by its position in the greater Chicago metropolitan area. The property serves as a stable residential asset, well-suited for investors seeking to participate in a diverse suburban rental landscape. Its location offers proximity to key regional transportation networks and local employment centers, which historically drive sustained demand for apartment units among the local workforce. Capitalizing on the consistent regional population growth, this asset is positioned to function effectively as a core component of a broader residential real estate portfolio. Prospective buyers may consider various management strategies to optimize long-term value in this established submarket.

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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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