11 Nicholson Street

Joliet, IL 60435

Two-building, 6-unit multifamily portfolio located in Joliet's Cathedral District. Built in 1910 and recently updated with new HVAC and split AC systems across 3,456 square feet, these buildings deliver a stabilized income stream with lower near-term capital expenditure risk than most properties this age. Location does the heavy lifting here: walking distance to the University of St. Francis, downtown Joliet, and regional transit puts three separate tenant pools (students, commuters, downtown workers) right at the door. A vacant rear parcel adds room to expand parking or explore future development, giving this deal upside beyond the current rent roll. Established, cash-flowing, and sitting in one of Joliet's most walkable neighborhoods. A hold-and-grow opportunity for an investor who wants income now and options later.

Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2026-10-07 11:05 PM UTC. 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.
Last checked: 2026-10-07 11:05 PM UTC
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