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$260,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 3 hours ago
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Well-maintained 2-unit investment opportunity offering strong cash flow and a functional layout. Each unit is tenant occupied so start cash-flowing right away! Each unit offers 2 bedrooms, 1 bath, and approximately 1,040 sq ft of living space. Each unit is filled with natural light and includes two private entrances-a front entrance leading to a porch and a rear entrance providing direct access to the driveway. Each unit can accommodate up to two vehicles, a rare and highly desirable feature for tenants. The building includes a basement for storage with coin-operated laundry and an assigned storage for each unit, providing added convenience and supplemental income potential. Utilities are efficiently structured with separate electric and gas meters for each unit, while water is owner-paid. Major components are in good condition, including newer gutters and a recently replaced water heater. Both units are currently occupied with written leases in place, making this a turnkey income-producing property from day one. Conveniently located near I-80 and just minutes from Downtown Joliet, this property offers easy access to shopping, dining, and transportation. Ideal for investors or owner-occupants seeking a solid, income-generating asset in a strong location. See private broker remarks for additional details.

Full Property Details for 318 Dewey St

General

  • Price: $260,000
  • Taxes: $4,323 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12617517
  • Updated: 4/16/2026
  • Added to Site: 1 day(s) ago

Rental Information

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

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump
  • Other Features: School Bus Service, Interstate Access

Parking

  • Total Spaces: 2
  • Parking Features: Unassigned, Off-Street, Side Apron, Driveway, Yes, Other

Location

  • Area: Joliet
  • County: Will
  • Township: Joliet
  • Driving Directions: Jefferson St to Larkin Ave, north to Glenwood Ave, east to Dewey Ave, north to property.

School Information

  • School District: 86
  • Elem School District: 86
  • Midd School District: 86
  • High School District: 204
  • Elementary School: Pershing Elementary School
  • Middle School: Dirksen 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

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Foundation: Stone
  • Roof: Asphalt
  • Windows: Screens
  • Year Built: 1930
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 138
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1930
  • Tax Amount: $4,323
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 3007161250080000

Listed by Cirafici Real Estate

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— 318 Dewey St —

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Schools serving 318 Dewey St

School Districts:Joliet Public School District 86, Joliet Township High School District 204
NameGradesDistance
Pershing Elementary School, Joliet, IL
251 North Midland Avenue, Joliet, IL 60435
K-51.2 mi
Dirksen Junior High School
203 South Midland Avenue, Joliet, IL 60436
6-81 mi
Joliet Central High School
201 East Jefferson Street, Joliet, IL 60432
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 318 Dewey St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Listed
$260,000
25.3%
MLS
6/23/2022
Sold
$207,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 318 Dewey St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,323
8%
$59,611
13%
2023
$4,011
4%
$52,964
11%
2022
$3,870
—
$47,910
7%
2022
$3,870
13%
$44,747
5%
2020
$3,426
6%
$42,494
8%
2019
$3,218
6%
$39,493
8%
2018
$3,038
8%
$36,493
10%
2017
$2,807
9%
$33,179
11%
2016
$2,570
-17%
$29,915
7%
2015
$3,113
—
$28,050
—
2014
$3,104
-1%
$27,950
-7%
2013
$3,147
-1%
$30,212
-10%
2012
$3,163
—
$33,413
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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318 Dewey Street, Joliet, IL 60436 (MLS# 12617517) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 318 Dewey Street is currently listed for $260,000 and was received on April 15, 2026. Want to learn more about 318 Dewey 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.

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