Last Sold Price
7 beds
624 Kungs Way, Joliet, IL 60435

Description

Positive cash flow MOST definitely possible. Rents can be much higher than too kind an owner has been collecting from long-time occupants. Leases are month-to-month so easy to kick the rent rates up quite a bit in today's market to maximize positive cash flow! All Bathrooms have been updated either just recently or within a year or two. NEW neutral carpet in all units. NEW white 6-panel doors in most units. Coin Washer & Dryer provides ADDITIONAL income. Storage closet and mechanical room provide...Positive cash flow MOST definitely possible. Rents can be much higher than too kind an owner has been collecting from long-time occupants. Leases are month-to-month so easy to kick the rent rates up quite a bit in today's market to maximize positive cash flow! All Bathrooms have been updated either just recently or within a year or two. NEW neutral carpet in all units. NEW white 6-panel doors in most units. Coin Washer & Dryer provides ADDITIONAL income. Storage closet and mechanical room provide private storage for owner. EXTRA parking spaces compared to other 4-unit buildings along street makes this building more desirable to future prospective tenants. Shed at rear of lot for private owner use as well. 2018 Profit & Loss statement with list of improvements available upon request.
LISTING CLOSED: 09/09/2019 12:00 AM

  1. Listed by Christine Thompson • Baird & Warner
    P: (630) 718-3492 C: (630) 853-2370 christine.thompson@bairdwarner.com

Sold By Coldwell Banker The Real Estate Group

Property Details for 624 Kungs Way

Status
MLS #
10399585
Days on Market
26
Taxes
$7,879 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 4 Flat
Year Built
1960
Lot Size
0.27 AC / 11,761 SF
Area
Joliet
Township
TROY
Ownership
Fee Simple
Num Of Parking Spaces
7.0
Num Of Cars
7.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Recent comparable sales

Median sold price

$383,000

Avg days on market

25

Sale-to-list ratio

98.9%

Joliet, IL

9 comparable properties found

$615,000 | 509 Kungs Way, Joliet, IL 60435
1/5
1

$615,000

Sold 02/06/26

7
Bedrooms
Unavailable
Square Feet
0.22
Acres
$570,900 | 417 Bethel Drive, Joliet, IL 60435
1/32
2

$570,900

Sold 02/12/25

7
Bedrooms
3,175
Square Feet
0.25
Acres
$380,000 | 409 State Street, Joliet, IL 60432
1/22
3

$380,000

Sold 12/01/25

7
Bedrooms
Unavailable
Square Feet
0.09
Acres
$340,000 | 1006 North Hickory Street, Joliet, IL 60435
1/24
4

$340,000

Sold 06/10/26

5
Bedrooms
Unavailable
Square Feet
0.25
Acres
a view of a house with a yard
1/39
5

$380,000

Sold 12/12/25

7
Bedrooms
4,812
Square Feet
0.54
Acres
a front view of a house with a garden and plants
1/7
6

$490,000

Sold 11/20/25

7
Bedrooms
4,110
Square Feet
0.14
Acres
a view of a house
1/22
7

$383,000

Sold 11/06/25

7
Bedrooms
2,495
Square Feet
0.3
Acres
a front view of a house with a yard covered in snow
1/35
8

$439,000

Sold 02/25/25

6
Bedrooms
4,378
Square Feet
0.37
Acres
a view of a street with a building in the background
1/31
9

$358,000

Sold 01/07/25

6
Bedrooms
Unavailable
Square Feet
Unavailable
Acres

Location

Add your commute

Building Information for 624 Kungs Way

Stories-Residences4Year Built1960Building Size-Lot Size0.27 AC / 11,761 SF

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$2,232 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,576

Property Taxes

$657

HOA Dues

$0

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Property Information for 624 Kungs Way

General Information
School Information
  • Elementary School District: 86
  • High School District: 204
  • Middle Or Junior School District: 86
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned, Off Street
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms Total: 7
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Foyer, Utility Room-Lower Level
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Ceiling Fan(s), Sump Pump, Backup Sump Pump;
Property/Lot Information
  • Exterior Property Features: Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 80X151
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2019-06-08T16:12:00
  • Photos Count: 15
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $264.00
  • Fuel Expense: $1,568.00
  • Gross Income: $33,857.00
  • Insurance Expense: $1,846.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry
  • Other Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $17,784.00
  • Water Sewer Expense: $2,692.00
  • Other Expenses $: 1825
Unit 1
  • Unit Type Actual Rent: $665.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 3
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Window Air Conditioner, Range Hood
  • Sec Deposit $ - Unit 1: 665
  • Tenant Pays - Unit 1: Electric
Unit 2
  • Unit Type Actual Rent: $755.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 1
  • # Of Rooms - Unit 2: 4
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Window Air Conditioner, Range Hood
  • Sec Deposit $ - Unit 2: 755
  • Tenant Pays - Unit 2: Electric
Unit 3
  • Unit Type Actual Rent: $790.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 2
  • # Of Rooms - Unit 3: 4
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator, Window Air Conditioner, Range Hood
  • Sec Deposit $ - Unit 3: 800
  • Tenant Pays - Unit 3: Electric
Unit 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Floor # - Unit 4: 2
  • # Of Rooms - Unit 4: 4
  • # Half Baths-Unit 4: 0
  • # Full Baths-Unit 4: 1
  • Appliances/Features Unit 4: Stove, Refrigerator, Window Air Conditioner, Range Hood
  • Sec Deposit $ - Unit 4: 0
  • Tenant Pays - Unit 4: Electric

Property History for 624 Kungs Way

DateEvent & SourcePriceAppreciation
Sep 9, 2019

Sold

MRED #10399585

$310,000
Jun 25, 2019

Pending

MRED #10399585

May 31, 2019

Listed (Active)

MRED #10399585

$325,000
DateEvent & SourcePrice
09/09/2019

Sold

MRED #10399585

$310,000
06/25/2019

Pending

MRED #10399585

05/31/2019

Listed (Active)

MRED #10399585

$325,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 624 Kungs Way

This home is within Joliet Township Hsd 204 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Thomas Jefferson Elementary School
PublicK to 5

Hufford Junior High School
Public6 to 8

Joliet West High School
Public9 to 12

Pathways Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 624 Kungs Way, Joliet, IL 60435
$310,000
7
11,761
$310,000
3,584
11,835
$356,000
3,584
11,860
$257,500
7
12,000
3,584
11,885
1.5
1,512
9,574

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 07:46 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.