The property at 311 North Ottawa Street in Joliet is a multifamily asset situated on 1.33 acres. This transaction was completed for a sale price of $4,560,000. The property includes 139 units, comprising efficiency units, one-bedroom units, and a two-bedroom manager's residence. The total square footage of the building is 58,000, translating to a price per square foot of $79. Additionally, the property offers community rooms, laundry facilities, offices, and parking, and is centrally located in Joliet City Center.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,560,000
• Address: 311 North Ottawa Street
• Market: Joliet
• Acres: 1.33
• Units: 139
• Price per Unit: $32,806
• Square Footage: 58,000
• Price per Square Foot: $79
• Broker: Christina Johns - Johns Real Estate Home Services

Christina Johns represented the transaction as the broker from Johns Real Estate Home Services, facilitating the sale of the multifamily property. The transaction involved a well-established structure that was centrally located, catering to various housing needs within the Joliet area.