$459,000

Estimated payment $2,915/month

6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Traditional Architecture
  • Patio
  • Multiple Water Heaters
  • Porch
  • Ceiling Fan
  • Fenced

About This Home

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

Listing Agent

Nayibe Garces

Prello Realty License #471022542 Listed on: 05/08/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,568

Year Built

  • Built in 1890 | Remodeled in 2012

Lot Details

  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Patio
  • Exterior Lighting
  • Porch

Schools

  • Farragut Elementary School
  • Hufford Junior High School
  • Joliet Central High School

Utilities

  • Heating System Uses Natural Gas
  • Multiple Water Heaters
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,600
  • Water Sewer Expense $3,515
  • Gross Income $33,540
  • Net Operating Income $21,857

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,568

Year Built

Built in 1890 | Remodeled in 2012

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Range Hood

Exterior Features

  • Construction Materials: Vinyl Siding
  • ExteriorFeatures: Lighting
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Patio, Porch
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Driveway, Yes, Owned
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 3515

Schools

  • Elementary School: Farragut Elementary School
  • High School: Joliet Central High School
  • Middle/Junior School: Hufford Junior High School

Lot Info

  • Lot Dimensions: 4350
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 21857
  • Insurance Expense: 2600
  • GrossIncome: 33540
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5568
  • Tax Year: 2025
  • Tax Exemptions: None

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,568 $66,479 $8,258 $58,221
2023 $5,568 $59,066 $7,337 $51,729
2022 $5,348 $53,429 $6,637 $46,792
2021 $4,690 $49,901 $6,199 $43,702
2020 $4,449 $47,389 $5,887 $41,502
2019 $4,232 $44,042 $5,471 $38,571
2018 $4,055 $40,696 $5,055 $35,641
2017 $3,822 $38,399 $4,596 $33,803
2016 $3,800 $35,355 $4,213 $31,142
2015 $3,665 $33,150 $3,950 $29,200
2014 $3,665 $37,800 $3,950 $33,850
2013 $3,665 $39,988 $4,372 $35,616
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2026 05/08/26 For Sale $459,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Deed -- Chicago Title
Warranty Deed -- Ticor Title
Warranty Deed $105,000 Ticor Title
Warranty Deed -- Ticor Title
Warranty Deed -- Ticor Title
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12638669

Midwest Real Estate Data (MRED)

APN: 30-07-09-400-043

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