Joliet, IL 60435,900-934 & 825-835 North Prairie & North Raynor AVE
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Joliet, IL 60435,900-934 & 825-835 North Prairie & North Raynor AVE
Joliet, IL 60435,900-934 & 825-835 North Prairie & North Raynor AVE
Joliet, IL 60435,900-934 & 825-835 North Prairie & North Raynor AVE
Joliet, IL 60435,900-934 & 825-835 North Prairie & North Raynor AVE

$5,900,000

Est. payment /mo

$6,750,000

12.6%
Est.Price: ?

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900-934 & 825-835 North Prairie & North Raynor AVE Joliet, IL 60435

SOLD DATE : 11/07/2025

Key Details

Sold Price $5,900,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12403565

Sold Date 11/07/25

Maintenance Fees $39,800

Year Built 1950

Annual Tax Amount $57,663

Tax Year 2023

Lot Dimensions 390 FT X 260 FT

Property Sub-Type Multi Family 5+

Property Description

Never listed before and offered together as a rare portfolio acquisition, 900-934 N Prairie Avenue and 825-835 N Raynor Avenue comprise a well-maintained, 40-unit multifamily investment located in the Cathedral District of Joliet, IL. The portfolio consists of 34 townhouse style units at Prairie Avenue and 6 townhouse style units at Raynor Avenue, both properties are currently fully occupied. Each unit features a spacious floor plan, large unfinished basements with laundry hookups, and tenant-paid utilities-resulting in both convenience for residents and lower overhead for ownership. Tenants provide their own appliances, allowing for flexibility and reduced maintenance responsibilities. The properties offer street parking eliminating the need for snow removal services. With strong in-place cash flow, excellent occupancy, and value-add potential through rent increases, the Prairie & Raynor Avenue Portfolio offers investors a turn-key, income-producing asset in a growing submarket. This is an ideal opportunity for buyers seeking scale, stability, and long-term upside in a high-demand rental area. An IL licensed broker is a member of the LLC that owns the property.

Location

State IL

County Will

Area Joliet

Rooms

Basement Unfinished

Interior

Cooling Central Air

Fireplace N

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Kathleen Long of  Citypoint Illinois LLC 
Bought with Anthony Spangler of Horvath & Tremblay IL, LLC
Pat Smarto

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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