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$413,000
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Property Description
Great opportunity at Joliet, IL. This solid 3-unit multifamily property with strong income and tons of potential. This is a perfect fit for investors looking for steady cash flow or buyers planning to use an owner-occupied loan. The property is very spacious, Current tenants on month-to-month basis, giving flexibility to the next owner. Located in the growing city of Joliet, one of the fastest-developing areas in the southwest suburbs with new businesses, ongoing development, and increasing rental demand. Just minutes from Downtown Joliet, close to Louis Joliet Mall, shopping, schools, parks, and with easy access to Interstate 80 and Interstate 55, the location makes it very attractive for tenants. As a great extra, the garage brings $400 per month in additional income, making this property an even smarter buy. (Room sizes are estimated. Photos reflect the condition of the property prior to tenant occupancy.)
Full Property Details
Full Property Details for 402 Allen St
General
- Sold For: $413,000
- Taxes: $5,807 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12566011
- Added to Site: 57 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Attached, Garage
Location
- Area: Joliet
- County: Will
- Driving Directions: Raynor south to Marion east to Allen
School Information
- School District: 86
- Midd School District: 86
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement Desc.: Unfinished, Full
- Year Built: 1899
- Built Before 1978: Yes
- Remodeled/Updated: 2019
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 69 x 65
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1899
- Tax Amount: $5,807
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3007161200070000
Listed by Charles Rutenberg Realty of IL
Sold by Legacy Properties
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Schools
Schools serving 402 Allen St
School Districts:Joliet Public School District 86, Joliet Township High School District 204
| Name | Grades | Distance |
|---|---|---|
Pershing Elementary School, Joliet, IL 251 North Midland Avenue, Joliet, IL 60435 | K-5 | 1.4 mi |
Dirksen Junior High School 203 South Midland Avenue, Joliet, IL 60436 | 6-8 | 1.3 mi |
Joliet Central High School 201 East Jefferson Street, Joliet, IL 60432 | 9-12 | 1 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 402 Allen St
Date
Details
Price
Change
Source
4/07/2026
Sold
$413,000
1.98%
MLS
2/10/2026
Listed
$405,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
402 Allen Street, Joliet, IL 60436 (MLS# 12566011) is a Multi-Family property that was sold at $413,000 on April 07, 2026. Want to learn more about 402 Allen 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.

