256 Nicholson ST, Joliet, IL 60435
256 Nicholson ST, Joliet, IL 60435
256 Nicholson ST, Joliet, IL 60435
256 Nicholson ST, Joliet, IL 60435
256 Nicholson ST, Joliet, IL 60435
256 Nicholson ST, Joliet, IL 60435
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O'Neia Washington

O'Neia Washington

+1(773) 985-2135
$ 350,000
Est. payment | /mo

5 Beds

3 Baths

6,534 Sqft Lot

Save
$ 350,000
Est. payment | /mo
Save

5 Beds

3 Baths

6,534 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12625108

Bedrooms 5

Year Built 1924

Annual Tax Amount $7,017

Tax Year 2024

Lot Size 6,534 Sqft

Lot Dimensions 50x140

Property Sub-Type Two to Four Units

Property Description

Highest and best due Sunday 4/26 at 5PM! 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.

Location

State IL

County Will

Area Joliet

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 86 , 86, 204

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Landon Kelly of  Real Broker, LLC 

Nearby Locations

O'Neia Washington
O'Neia Washington

Designated Managing Broker | License ID: 471008905

+1(773) 985-2135 | oneia@owauctiongroup.com

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256 Nicholson ST