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$5,900,000
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Property Description
Never listed before and offered together as a rare portfolio acquisition, 900-934 N Prairie Avenue and 825-835 N Raynor Avenue comprise a well-maintained, 40-unit multifamily investment located in the Cathedral District of Joliet, IL. The portfolio consists of 34 townhouse style units at Prairie Avenue and 6 townhouse style units at Raynor Avenue, both properties are currently fully occupied. Each unit features a spacious floor plan, large unfinished basements with laundry hookups, and tenant-paid utilities-resulting in both convenience for residents and lower overhead for ownership. Tenants provide their own appliances, allowing for flexibility and reduced maintenance responsibilities. The properties offer street parking eliminating the need for snow removal services. With strong in-place cash flow, excellent occupancy, and value-add potential through rent increases, the Prairie & Raynor Avenue Portfolio offers investors a turn-key, income-producing asset in a growing submarket. This is an ideal opportunity for buyers seeking scale, stability, and long-term upside in a high-demand rental area. An IL licensed broker is a member of the LLC that owns the property.
Full Property Details
Full Property Details for 900-934 & 825-835 North Prairie & North Raynor Ave
General
- Sold For: $5,900,000
- Taxes: $57,663 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12403565
- Added to Site: 254 day(s) ago
Location
- Area: Joliet
- County: Will
- Driving Directions: Raynor Ave to Ross or Moran St to N Prairie
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1950
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 390 FT x 260 FT
Financial Considerations
- Operating Expenses: $166,222
- Assessment Year: 1950
- Tax Amount: $57,663
- Tax Year: 2023
Disclosures and Reports
- Property ID: 3007054180150000
Listed by Citypoint Illinois LLC
Sold by Horvath & Tremblay IL, LLC
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Price & Sales History for 900-934 & 825-835 North Prairie & North Raynor Ave
Date
Details
Price
Change
Source
11/07/2025
Sold
$5,900,000
-12.59%
MLS
6/25/2025
Listed
$6,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
900-934 & 825-835 North Prairie & North Raynor Avenue, Joliet, IL 60435 (MLS# 12403565) is a Commercial property that was sold at $5,900,000 on November 07, 2025. Want to learn more about 900-934 & 825-835 North Prairie & North Raynor Avenue? 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.

