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Property 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
Full Property Details
Full Property Details for 315 Pine St
General
- Price: $459,000
- Taxes: $5,568 (2025)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12638669
Rental Information
- Complex Features: Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Equipment: Cable TV, Carbon Monoxide Detectors, Ceiling Fan(s), Multiple Water Heaters
- Other Features: Interstate Access
Exterior
- Exterior Features: Lighting
Parking
- Total Spaces: 2
- Parking Features: Off-Street, Driveway, Yes, Owned
Location
- Area: Joliet
- County: Will
- Township: Joliet
- Driving Directions: South East on Plainfield rd/ rt 30, left (East) on Division st. Right (South) on Pine st.
School Information
- School District: 86
- Elem School District: 86
- Midd School District: 86
- High School District: 204
- Elementary School: Farragut Elementary School
- Middle School: Hufford Junior High School
- High School: Joliet Central High School
- Private School: Joliet Central High School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Foundation: Stone
- Roof: Asphalt
- Year Built: 1890
- Built Before 1978: Yes
- Remodeled/Updated: 2012
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 4350
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Insurance Fee: $2,600
- Parking Included: Yes
- Assessment Year: 1890
- Tax Amount: $5,568
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3007094000430000
Listed by Prello Realty
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Schools
Schools serving 315 Pine St
School Districts:Joliet Public School District 86, Joliet Township High School District 204
| Name | Grades | Distance |
|---|---|---|
Farragut Elementary School 701 Glenwood Avenue, Joliet, IL 60435 | K-5 | 0.5 mi |
Hufford Junior High School 1125 North Larkin Avenue, Joliet, IL 60435 | 6-8 | 2.1 mi |
Joliet Central High School 201 East Jefferson Street, Joliet, IL 60432 | 9-12 | 0.9 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 315 Pine St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,568
4%
$66,479
13%
2023
$5,348
8%
$59,066
11%
2022
$4,934
—
$53,429
7%
2022
$4,934
11%
$49,901
5%
2020
$4,449
5%
$47,389
8%
2019
$4,232
4%
$44,042
8%
2018
$4,055
6%
$40,696
10%
2017
$3,822
1%
$37,000
5%
2016
$3,800
3%
$35,355
7%
2015
$3,679
—
$33,150
—
2014
$3,665
-12%
$33,000
-17%
2013
$4,166
1%
$39,988
-9%
2012
$4,142
—
$43,758
—
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 315 Pine St
315 Pine Street, Joliet, IL 60435 (MLS# 12638669) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 315 Pine Street is currently listed for $459,000 and was received on May 08, 2026. Want to learn more about 315 Pine Street? 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.

