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$1,200,000

  • For Sale
  • Active
  • Commercial
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ATTENTION INVESTORS - Exceptional Investment Opportunity! Well-Maintained And Fully Rented 7-Unit Brick Apartment Building Featuring Seven Income-Producing Units, With Tenants Responsible For Their Own Electric And Cooking Gas. The Property Showcases Numerous New Windows, Several Updated Units, And Cozy Faux Fireplaces In Every Apartment. In Addition, The Property Includes A Stand-Alone Three-Bedroom Single-Family Home Located On The Same Lot, Providing Additional Income Potential. Offering A Strong Cap Rate, This Investment Also Features 12+ Rear Parking Spaces And Green Space For Tenant Enjoyment. Conveniently Located With Easy Access To I-80 And Close Proximity To Schools, Restaurants, Shopping, Downtown District, And Public Transportation. An Excellent Opportunity For Investors Seeking Stable Cash Flow And Long-Term Value.

Full Property Details for 209 N Center St

General

  • Price: $1,200,000
  • HOA FEE: $500
  • Taxes: $6,045 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12565687
  • Updated: 2/17/2026
  • Added to Site: 24 day(s) ago

Interior

  • Basement: Unfinished
  • Fireplace: Yes
  • Number of Fireplaces: 7

Location

  • Area: Joliet
  • County: Will
  • Township: Joliet
  • Driving Directions: CASS ST TO CENTER SOUTH 2 BLOCKS, CORNER OF CAMPBELL AND CENTER
  • Location Details: Corner

Heating & Cooling

  • Heating Type: Central Building Heat, Gas, Hot Water

Utilities

  • Sewer: Storm Sewer
  • Water: Municipal Water
  • Trash: 2640
  • Onsite: Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation: Block, Brick/Mortar, Stone
  • Stories/Levels: 3
  • Year Built: 1920
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 8
  • Units w/Range/Oven: 8

Lot Features

  • Lot Dimensions: 124 x 100
  • Frontage: City Street
  • Zoning: COMMR

Financial Considerations

  • Maint. Fee: $500
  • Insurance Fee: $7,900
  • Operating Expenses: $25,585
  • Assessment Year: 1920
  • Tax Amount: $6,045
  • Tax Year: 2024
  • Tenant Pays: Electricity, Other
  • Pays Electric: 1100
  • Pays Trash: 2640
  • Pays Sewer: Storm Sewer

Disclosures and Reports

  • Documents Avail.: Existing Survey
  • Property ID: 3007093190100000

Listed by Karges Realty

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— 209 N Center St —

  • Karges Realty

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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 209 N Center St

School Districts:Joliet Public School District 86, Joliet Township High School District 204
NameGradesDistance
Farragut Elementary School
701 Glenwood Avenue, Joliet, IL 60435
K-50.5 mi
Dirksen Junior High School
203 South Midland Avenue, Joliet, IL 60436
6-81.4 mi
Joliet Central High School
201 East Jefferson Street, Joliet, IL 60432
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 209 N Center St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Listed
$1,200,000
433.33%
MLS
4/30/2015
Sold
$225,000
—
Public Record
Get Price Alerts and Save Property
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 209 N Center St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,045
-6%
$72,173
—
2023
$6,438
-3%
$72,173
—
2022
$6,665
-2%
$72,173
—
2020
$6,776
-2%
$72,173
—
2019
$6,935
-4%
$72,173
—
2018
$7,192
-4%
$72,173
—
2017
$7,455
-4%
$72,173
—
2016
$7,757
-3%
$72,173
—
2015
$8,009
—
$72,173
—
2014
$8,015
7%
$72,173
—
2013
$7,519
10%
$72,173
—
2012
$6,832
—
$72,173
—
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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209 N Center Street, Joliet, IL 60435 (MLS# 12565687) is a Commercial property. 209 N Center Street is currently listed for $1,200,000 and was received on February 10, 2026. Want to learn more about 209 N Center 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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