311 North Ottawa Street

Joliet, IL 60432

$5,700,000
Price
104
Beds
140
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

In the heart of Joliet City Center. 139 units:(42) efficiency units 385 sf, (92) 1 bedrooms 520 sf, (5) 2 bedrooms 740 sf and (1) 2 bedroom manager/maintenance residence. There are 6 laundry rooms approximately 680 sf on even floors. 2 large community rooms with kitchens/kitchenette, common bathrooms, 2 offices and storage. Ground floor boiler room, 3 boilers, back up generator, 1 water meter and 1 gas meter for the entire building. Simplex fire alarm system panel upgraded 2021. Fire sprinkler system...In the heart of Joliet City Center. 139 units:(42) efficiency units 385 sf, (92) 1 bedrooms 520 sf, (5) 2 bedrooms 740 sf and (1) 2 bedroom manager/maintenance residence. There are 6 laundry rooms approximately 680 sf on even floors. 2 large community rooms with kitchens/kitchenette, common bathrooms, 2 offices and storage. Ground floor boiler room, 3 boilers, back up generator, 1 water meter and 1 gas meter for the entire building. Simplex fire alarm system panel upgraded 2021. Fire sprinkler system covers the entire building. 2 elevators and 44 parking spaces plus 3 ADA.
  1. Listed by Christina Johns • Johns Real Estate Home Services

Property Details for 311 North Ottawa Street

Area
Joliet
Zoning
MULTI

Location

Listing Courtesy of Johns Real Estate Home Services
Add your commute
LISTING UPDATED: 03/24/2024 03:03 AM

Property Details for 311 North Ottawa Street

StatusActive
MLS #12006580
Days on Market66
Taxes$30,075 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Hi-Rise
Year Built1967
Lot Size1.33 AC / 57,934 SF
CountyWill County

Location

Listing Courtesy of Johns Real Estate Home Services
Add your commute

Building Information for 311 North Ottawa Street

Stories-Residences139Year Built1967Building Size-Lot Size1.33 AC / 57,934 SF

Payment Calculator

$33,613 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,107

Property Taxes

$2,506

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 North Ottawa Street

General Information
Addtl Parking Information
  • Outdoor Parking: 31-50 Spaces
Location and General Information
  • Information: 48-Hr Notice Required,City
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Description: None
  • Heat/Ventilation: Electric,Baseboard
  • Misc Inside: Common Meeting Room/s,Elevator/s Passenger,Accessible Entrance,Laundry Room
  • Num of Baths: 140.0
Exterior Features
  • Misc Outside: Accessible Entrance
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Hi-Rise
  • Lot Dimensions: 254X300X132X150X132
  • Stories: 13
  • Construction: Brick, Block
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 58000
  • Lot Size Source: Other
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Condominium, Development, Multi-Family, Special Use, Zoning Change Required, Other, Elderly Housing, Single Room Occupancy
  • Public Document Count: 3
  • Document Date: 2024-03-22T01:36:16
  • Photos Count: 47
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks
  • Location: Corner,Mixed Use Area,Water View,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 139
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $1,286,629.00
  • Gross Scheduled Income: $150,594.00
  • Insurance Expense: $190,313.00
  • Maintenance Expense: $522,799.00
  • Expense Year: 2021
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2021
  • Other Expense Source: Combination
  • Total Monthly Income: 125496
  • Net Operating Income: $1,505,947.00
  • Operating Expense: $400,599.00
  • Other Expense: $522,799.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 92
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 42
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 311 North Ottawa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 311 North Ottawa Street

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
Sator Sanchez Elementary School
PublicK to 5

Gompers Junior High School
Public6 to 8

Joliet Central High School
Public9 to 12

Joliet Twp High School - Alternate
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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311 North Ottawa Street is a multi-family home for sale in Joliet, IL 60432. This property was listed for sale on March 17, 2024 by Johns Real Estate Home Services, it's currently listed at $5,700,000. This listing's school districts are Joliet Township Hsd 204 School District, Joliet Public School District 86 School District. Nearby schools include Sator Sanchez Elementary School, Gompers Junior High School and Joliet Central High School. 311 North Ottawa Street is a 104-bed, 140-bath, multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Johns Real Estate Home Services

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.