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$399,000
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Property Description
This solid 2-unit building delivers the perfect blend of space, convenience, and strong financial performance, generating approximately $49,200 in annual residential rent plus an additional $4,800 from parking income-a standout opportunity for any investor. The property offers extensive parking, including a covered 2-car carport and plenty of uncovered spaces, a rare advantage in this area. The bright and well-laid-out upper unit includes access to a full attic with 8-foot ceilings, offering tremendous potential to expand into a large duplex-style layout or create additional living space to maximize future value. Its strategic location places you just minutes from Downtown Joliet, the Metra Rock Island Line, shopping, restaurants, schools, parks, and quick connections to I-80 and I-55, ensuring high rental demand and long-term stability. A versatile, income-producing property with clear room for growth, ready to perform from day one.
Full Property Details
Full Property Details for 101 S Eastern Ave
General
- Price: $399,000
- Taxes: $5,583 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12712600
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: Joliet
- County: Will
- Township: Joliet
- Driving Directions: Route 53 to Osgood (east) to Eastern Ave (north)
School Information
- School District: 204
- Elem School District: 204
- Midd School District: 204
- High School District: 86
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Walk-Out Access
- Year Built: 1909
- Built Before 1978: Yes
- Remodeled/Updated: 2019
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 90 x 102
Financial Considerations
- Assessment Year: 1909
- Tax Amount: $5,583
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 3007151100170000
Listed by Charles Rutenberg Realty
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Schools
Schools serving 101 S Eastern Ave
School Districts:Joliet Public School District 86, Joliet Township High School District 204
| Name | Grades | Distance |
|---|---|---|
Woodland Elementary School, Joliet, IL 701 3rd Avenue, Joliet, IL 60433 | PK-5 | 0.8 mi |
Washington Jr High & Academy Prgm 402 Richards Street, Joliet, IL 60433 | 6-8 | 0.5 mi |
Joliet Central High School 201 East Jefferson Street, Joliet, IL 60432 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 101 S Eastern Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,208
—
$72,850
9%
2025
$5,208
-1%
$66,651
13%
2023
$5,283
7%
$59,219
11%
2022
$4,947
—
$53,567
43%
2022
$4,947
48%
$37,528
5%
2020
$3,346
5%
$35,639
8%
2019
$3,183
4%
$33,122
8%
2018
$3,050
6%
$30,606
10%
2017
$2,874
3%
$27,826
7%
2016
$2,797
3%
$26,023
7%
2015
$2,708
1%
$24,400
1%
2014
$2,693
-1%
$24,250
-7%
2013
$2,718
-1%
$26,086
-10%
2012
$2,736
—
$28,908
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 S Eastern Ave
101 S Eastern Avenue, Joliet, IL 60433 (MLS# 12712600) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 101 S Eastern Avenue is currently listed for $399,000 and was received on July 22, 2026. Want to learn more about 101 S Eastern Avenue? Do you have questions about finding other Multi-Family real estate for sale in Joliet? You can browse all Joliet real estate or contact a Coldwell Banker agent to request more information.

