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1524 Richard T. Rivera WyJoliet, IL 60431
Rock Run Residences
Asset ClassMultifamily
# Units128
Call For Offers: 07/18/25Cap Rate: 6.28%Occupancy: 98.44%Access Data Room
Recently Renovated 128-Unit Multifamily Property in Joliet, Illinois | 98% Occupied | Five Acres for Potential Future Development
overview of deal

Overview

Marcus & Millichap is pleased to present this 128-unit apartment property, located at 1524 Richard T. Rivera Way in Joliet, Illinois.

 

This investment offers an investor the opportunity to acquire a renovated, fully leased asset in a strong Joliet location with solid rental demand and continued upside in rents.

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Investment Highlights

# Buildings
7
AVG SF
637
Year Built
2002
Year Renovated
2024
  • Immediate Rental Upside Upon Turn Over
  • Newer Construction (Built in 2002) with All Units Recently Renovated between 2021 & 2024
  • Includes Approximately Five Acres of Additional Land for Potential Future Development
  • Amenities Include: Clubhouse, Fitness Center, Kitchen, Pool, Sundeck, Picnic Area, Sand Volleyball Court and Off-Street Parking
  • Adjacent to Joliet Junior College
  • Near Rock Run Crossings (New Development) and the Future Site of Hollywood Casino & Hotel
  • Average Household Income within One Mile is $105,805
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1524 Richard T. Rivera WyJoliet, IL 60431
Junior Joliet College
Rock Run Crossings - New Development
Hollywood Casino & Hotel
Middle Rock Run County Forest Preserve
Heritage Trail Elementary School
Cracker Barrel & Subway
Inwood Golf Course
Interstate 80 & Interstate 55

Exclusively Listed By

Ryan D. EngleSenior Managing Director Investments

License #: IL 475.143971

7733177771ryan.engle@marcusmillichap.com
Andrean AngelovSenior Managing Director Investments

License #: IL 475.152025

8472125328andrean.angelov@marcusmillichap.com
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Listing provided by Revere CRE