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$779,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 7 hours ago

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Open House: 12:00 PM - 2:00 PM

Saturday 10/10 12:00 PM - 2:00 PM

11 Nicholson Street,Joliet, IL 60435

11 Nicholson StreetJolietIL60435

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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.

Full Property Details for 11 Nicholson St

General

  • Price: $779,000
  • HOA FEE: $2,000
  • Taxes: $22,886 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12761614
  • Updated: 10/9/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: None

Location

  • Area: Joliet
  • County: Will
  • Township: Joliet
  • Driving Directions: E on Jefferson, S on Garfield, E To Property

Heating & Cooling

  • Heating Type: Forced Air

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: None
  • Stories/Levels: 2
  • Current Bldg. Use: Multi-Family
  • Year Built: 1910
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.34
  • Lot Dimensions: 130 x 260
  • Frontage: City Street
  • Potential Use: Multi-Family
  • Zoning: COMMR

Financial Considerations

  • Maint. Fee: $2,000
  • Insurance Fee: $2,000
  • Operating Expenses: $17,700
  • Other Fee: $11,000
  • Assessment Year: 1910
  • Tax Amount: $22,886
  • Tax Year: 2024
  • Tenant Pays: Electricity
  • Pays Electric: 500

Disclosures and Reports

  • Property ID: 3007093290050000

Listed by Compass

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Listing agents

— 11 Nicholson St —

  • Compass

  • Compass

(773) 295-1751

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 11 Nicholson St

School Districts:Joliet Public School District 86, Joliet Township High School District 204
NameGradesDistance
Pershing Elementary School, Joliet, IL
251 North Midland Avenue, Joliet, IL 60435
K-51.2 mi
Dirksen Junior High School
203 South Midland Avenue, Joliet, IL 60436
6-81.2 mi
Joliet Central High School
201 East Jefferson Street, Joliet, IL 60432
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11 Nicholson St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2026
Listed
$779,000
178.21%
MLS
5/19/2023
Sold
$280,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11 Nicholson St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,828
—
$149,325
9%
2023
$10,828
7%
$136,620
13%
2022
$10,140
—
$121,386
11%
2022
$10,140
—
$109,802
7%
2022
$10,140
11%
$102,552
5%
2020
$9,144
5%
$97,390
8%
2019
$8,698
4%
$90,511
8%
2018
$8,334
6%
$83,636
10%
2017
$7,855
4%
$76,040
9%
2016
$7,525
3%
$70,015
7%
2015
$7,285
—
$65,650
1%
2014
$7,252
1%
$65,300
-6%
2013
$7,206
1%
$69,168
-8%
2012
$7,150
—
$75,537
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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11 Nicholson Street, Joliet, IL 60435 (MLS# 12761614) is a Commercial property. 11 Nicholson Street is currently listed for $779,000 and was received on October 06, 2026. Want to learn more about 11 Nicholson Street? Do you have questions about finding other Commercial real estate for sale in Joliet? You can browse all Joliet real estate or contact a Coldwell Banker agent to request more information.

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