Description
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
Details
| MLS # | 12638669 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1890 |
| Days On Site | 176 |
| Listing Provided By | Prello Realty | Nayibe Garces |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Zoning | MULTI |
| Acreage | 4350.00 |
Interior
| Rooms Total | 15 |
|---|---|
| Heating | Gas |
Exterior
| Exterior Features | Lighting |
|---|---|
| Roof | Asphalt |
| Foundation Details | Stone |
| Construction Materials | Vinyl Siding |
| Patio And Porch Features | Patio, Porch |
| Fencing | Fenced |
Parking
| Parking Features | Off Street, Driveway, Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Sidewalks, Street Lights, Street Paved |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 5568 |
Area Information
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60435 |
| Area | Joliet |
| School District | Joliet Central High School |
| Elementary School | Farragut Elementary School |
| High School | Joliet Central High School |
| Listing VS Median (in 60435) | |
Price: $459,000 low | high Med: $300,000 On site: 176 low | high Med: 62.5 | |
Market Activity 60435
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Learn More About This Property
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60435 |
| Area | Joliet |
| School District | Joliet Central High School |
| Elementary School | Farragut Elementary School |
| High School | Joliet Central High School |
| Listing VS Median (in 60435) | |
Price: $459,000 low | high Med: $300,000 On site: 176 low | high Med: 62.5 | |
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