View All Joliet IL Multi-Family Homes Listings

$329,900
7 Beds 4 Baths 12736852 MLS CONTINGENT Status
Well-Maintained Vintage Brick Three-Flat Offering Spacious Units, 4-Car Garage, and Strong Income Potential. Pride of ownership is evident throughout this solid all-brick legal 3-unit building, owner-occupied and carefully maintained by the same family for more than 25 years. Unlike many investment properties, this building has benefited from long-term stewardship and ongoing maintenance, making it an exceptional opportunity for both investors and owner-occupants. Major capital improvements have already been completed, including replacement windows throughout the top and main units, a newer furnace and water heater (approximately 3 years old), and a roof replaced approximately 10 years ago. Ideally located just minutes from Downtown Joliet with convenient access to I-80 via both Richards Street and Briggs Street corridors, the property offers easy commuting throughout the Chicagoland area while remaining close to shopping, dining, employment centers, schools, and public transportation. The building features approximately 2,885 square feet of living space across three legal units, including a spacious 1,056 sq. ft. top-floor unit, a 1,079 sq. ft. main-floor unit, and a 750 sq. ft. garden unit. Additional amenities include enclosed rear porches providing valuable tenant storage, a shared laundry area, and a highly desirable 4-car detached garage with individual overhead doors, offering additional income potential and a feature seldom found in comparable multifamily properties. For owner-occupants, this property presents an outstanding opportunity to live in one unit while rental income from the remaining units helps with mortgage and living expenses. For investors, the building offers immediate cash-flow potential from day one with strong rental demand, separate electric service to each unit, and market rents in the area typically ranging from approximately $1,300 to $1,600 per unit. The combination of solid brick construction, large unit sizes, extensive mechanical updates, garage income potential, and a convenient commuter-friendly location creates a compelling value proposition for anyone seeking long-term wealth building through real estate. Ready to produce passive income from the moment you close. Property is Being Sold As-Is.

211 Casseday Avenue, Joliet

$1
4 Beds 2 Baths 12721058 MLS AUCTION Status
Discover the potential of this classic cottage-style two-unit property located in an established residential neighborhood of Joliet. Offering two separate units, each estimated to feature 2 bedrooms and 1 bathroom, this property presents an outstanding opportunity for buyers seeking a versatile investment with long-term upside. The timeless cottage architecture, solid exterior presence, and traditional layout provide an excellent foundation for future improvements while maintaining the character that makes these homes so desirable. Whether your plans include expanding your real estate portfolio, generating future rental income, or preserving a classic multi-unit residence, this property offers exceptional possibilities in a location with strong rental demand and convenient access to everyday amenities. The property sits on a residential lot with outdoor space that offers opportunities for landscaping, outdoor enjoyment, and enhancing curb appeal. The classic exterior design blends well with the surrounding neighborhood, where a mix of long-term homeowners and investment properties contribute to the area's established character. Multi-unit properties offering this combination of flexibility and potential are becoming increasingly difficult to find, making this an attractive opportunity for buyers looking toward long-term value. The location provides convenient access to everything that makes Joliet a desirable place to live and invest. Residents enjoy nearby parks, recreational facilities, shopping centers, grocery stores, restaurants, schools, healthcare facilities, and a variety of local businesses. Downtown Joliet offers dining, entertainment, museums, the Rialto Square Theatre, and numerous community events throughout the year. Outdoor enthusiasts will appreciate the proximity to the Des Plaines River, Bicentennial Park, Pilcher Park Nature Center, and several forest preserves offering walking trails, picnic areas, and year-round recreational opportunities. Commuters benefit from convenient access to Interstate 80, Interstate 55, U.S. Route 30, and nearby Metra service, providing efficient travel throughout the greater Chicagoland area. This property presents an excellent opportunity for buyers with vision to acquire a two-unit building in a growing community while taking advantage of its flexible layout and long-term potential. With its classic cottage design, estimated two-bedroom units, convenient location, and strong investment appeal, 558 E Benton St offers an opportunity to build value and add a versatile property to your portfolio. **Occupied property. Inspections not available. Sold as is. No For Sale sign. Contact with occupants is strictly prohibited. Do not contact the listing agent for interior access or additional information. The listing agent makes no representations. The listing agent and seller have not inspected the property. The number of rooms, bedrooms, bathrooms, dimensions, mechanicals, and other property details are estimated and approximate. This property is currently active in an online auction. All offers must be submitted through the property listing page on Xome dot com**

558 E Benton Street, Joliet

$459,000
6 Beds 3 Baths 12638669 MLS ACTIVE Status
Exceptional opportunity to acquire a beautifully renovated, framed-construction three-unit apartment rental property that has all new plumbing, electric, windows and doors in Joliet's sought-after Bicentennial Bluffs neighborhood. Offering an ideal blend of scale, quality updates, and investment appeal; this substantial multi unit building has been thoughtfully improved to meet modern expectations while preserving the spaciousness rarely found in today's housing stock. The unit configuration includes a sprawling 2-bedroom residence encompassing the entire second floor, a well-proportioned 2-bedroom unit on the main level, and a 1-bedroom unit with additional office/flex space on the main level. All units are leased under a month-to-month rental agreement and are fully-occupied by long term tenants. These residents appreciate the updated interiors featuring granite countertops, dishwashers, stylish cabinetry, and real hardwood flooring - - all contributing to a clean, elevated finish creating a strong tenant appeal. Each unit offers individually controlled, forced-air heat and central air conditioning and features a separate 50 gallon hot water heater. An added benefit for ownership is that tenants pay their own heating-cooking gas and electric On the outside, the property is equally compelling, with a wide, side driveway offering generous off-street parking and a fenced backyard that provides privacy and added usability. This ideal location places residents just minutes from downtown Joliet and near some of the areas' recognizable destinations. They include Harrah's Casino, The Rialto Square Theater, the Will County Court House, the City's New City Square, The Transportation Center (Amtrak & Metra), a vibrant mix of downtown dining and entertainment options and close to major highways including Interstates (355, 80, and 55), Lincoln highway along with the Historic Route 66; further enhancing the property's long-term desirability. Extensively updated and well-positioned in an established neighborhood; 315 Pine Street presents a rare opportunity for both investors and owner-occupants seeking a turn-key multi-unit asset with an attractive cash flow. Proudly maintained by the same owner since 2005, this property reflects that long-term stewardship and care. Key Points about 315 Pine Street in Joliet: * Three-unit residential income property * Beautifully renovated framed-construction building * Month-to-Month lease rentals * Located in Bicentennial Bluffs * One oversized 2-bedroom unit occupying entire second floor * One main-floor 2-bedroom unit * One main-floor 1-bedroom unit with office/ flex room * Three, individually-controlled forced-air furnace units with central air * Individual 50 gallon hot water heaters (3) * Granite countertops * Dishwashers * Updated cabinetry * Real hardwood flooring throughout * Wide 2-car driveway * Fenced backyard * Conveniently located near downtown Joliet featuring Harrah's Casino, The Rialto Square Theater, the Will County Court House, the City's New City Square, The Transportation Center (Amtrak & Metra), vibrant restaurants and close to major highways including Interstates (355, 80, 55), Lincoln highway and the Historic Route 66 * A turn-key operation for investor or owner-occupant * Washer and dryer hook-up in basement * Same owner since 2005 Unit Mix: * Unit1: 1 bedroom plus office, 1 bath * Unit 2: 2-bedroom, 1 bath * Unit 3: Large 2-bedroom, 1 bath; occupying an entire second floor

315 Pine Street, Joliet

$487,500
6 Beds 3 Baths 12565102 MLS CLOSED Status
*** Positioned in Joliet's sought-after Cathedral Area!!! *** This F U L L Y - R E N O V A T E D two-unit home presents a rare opportunity for both investors and multi-generational buyers seeking flexibility, stability, and long-term value!!! Each expansive unit offers a true three-bedroom layout with generous living space - approximately 1,426 square feet on the first floor and 1,699 square feet on the second - delivering the feel of two full single-family homes under one roof. The interiors have been METICULOUSLY upgraded and showcase model-like presentation throughout!!! Every detail has been executed by a contractor with more than 25 years of quality craftsmanship experience, ensuring the finishes are not only beautiful but built to last. Both residences feature refinished hardwood flooring, new windows, fresh designer paint, updated kitchens with stainless steel appliances, recessed lighting, and soaring 9-foot ceilings that create a bright, open atmosphere. Formal dining rooms provide a natural gathering space for entertaining, while decorative fireplaces in each unit add architectural character and warmth. The thoughtful layout allows for privacy and independence. Separate utility meters, distinct entrances, and well-planned circulation make this an ideal structure for extended families looking to live together while maintaining separate living quarters. The first-floor unit greets you with an impressive entry foyer accented by detailed woodwork and a dramatic built-in mirror feature. Upstairs, the second-floor unit offers a charming enclosed front porch - perfect as a reading nook, office space, or peaceful morning retreat. From an investment perspective, the fundamentals are strong. Separate utilities simplify management and expense allocation. Two large garages - one 2-car and one 2 1/2-car - combined with newly completed dual driveways provide exceptional parking capacity, a significant advantage for tenants and owners alike. The size, layout, and condition position this property attractively for strong rental income potential, owner-occupant house hacking, corporate or medical professional housing, or long-term portfolio holding in an established neighborhood known for architectural character and proximity to downtown Joliet amenities. This home is turnkey in the truest sense - no deferred maintenance, no renovation guesswork, no capital improvement surprises. It shows like a model and reflects pride of workmanship throughout. Whether you are an investor seeking reliable cash flow and asset appreciation, a multi-generational family desiring proximity without compromise, or an owner looking for rental income, this opportunity checks every box. Properties in this condition and configuration rarely become available in the Cathedral Area. Schedule your private showing today and secure this exceptional investment before it's gone!

416 Buell Avenue, Joliet

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Joliet, IL · Curated MLS Search

Multi-Family Homes in Joliet, IL

An editorially curated view of every active multi-family homes listing in Joliet, IL. Updated in real time from the local MLS, presented without the noise.

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