Listing provided courtesy of Prello RealtyMREDas Distributed by MLSGrid- MLS# 12638669MLS Provider

315 Pine StreetJoliet, IL 60435

Multi-Family · 6 Beds
$459,000 Active

315 Pine Street Overview

Time on Site:
52 days
Visits:
0

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

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315 Pine Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 204
  • Elementary School: Farragut Elementary School
  • Middle Or Junior School: Hufford Junior High School
  • High School: Joliet Central High School

Income/Expenses

  • Gross Income: 33540
  • Insurance Expense: 2600
  • Net Operating Income: 21857
  • Water Sewer Expense: 3515

Building Information

  • New Construction: No
  • Year Built: 1890

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Joliet
  • Township: Joliet

Community/Development

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $5,568.00
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 3007094000430000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 3
  • Bedrooms Total: 6
  • Bedrooms Possible: 6
  • Full Baths Building: 3

General Information

  • Basement: Unfinished, Full
  • Foundation Details: Stone
  • Heating: Natural Gas
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Rooms Total: 15

Exterior

Parking Information

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

Lot Information

  • Lot Size Dimensions: 4350
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt

General Information

  • Exterior Features: Lighting
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 806
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 914
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1075
  • Beds Total: 2
  • Baths Total: 1

315 Pine Street Neighborhood

Community

60435 (JOLIET) Demographics

37
Median Age
4,601
Population Density (per sq. mile)
30%
College Educated
$61,546
Estimated Median Income
11,832
Estimated Total Home Owners
7,130
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

315 Pine Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

315 Pine Street Market Data

Based on the last 30 days in this zip code

$306,208
Average List Price
$190
Average Price per Square Foot
42
Properties Sold
43
Average Days on Market
127
Properties for Sale
Calculations provided by Reliance Network

315 Pine Street History

Date Event Value Agent
5/13/2026Source: MRED Status Change
Active
5/8/2026Source: MRED Added to Database
May 08, 2026