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$405,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 1 day ago
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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 for 402 Allen St

General

  • Price: $405,000
  • Taxes: $5,807 (2024)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12566011
  • Updated: 2/18/2026
  • Added to Site: 10 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Upper - Full Baths: 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
  • Township: Joliet
  • Driving Directions: Raynor south to Marion east to Allen

School Information

  • School District: 86
  • Elem School District: 86
  • Midd School District: 86
  • High School District: 204

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • 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
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 3007161200070000

Listed by Charles Rutenberg Realty of IL and Charles Rutenberg Realty

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Listing agents

— 402 Allen St —

  • Charles Rutenberg Realty of IL

  • Charles Rutenberg Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 402 Allen 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-51.4 mi
Dirksen Junior High School
203 South Midland Avenue, Joliet, IL 60436
6-81.3 mi
Joliet Central High School
201 East Jefferson Street, Joliet, IL 60432
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 402 Allen St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Listed
$405,000
28.57%
MLS
7/06/2023
Sold
$315,000
—
Public Record
Get Price Alerts and Save Property
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 402 Allen St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,807
-5%
$77,332
13%
2023
$6,129
7%
$68,709
11%
2022
$5,740
—
$62,152
7%
2022
$5,740
11%
$58,048
5%
2020
$5,176
5%
$55,127
8%
2019
$4,923
36%
$51,233
8%
2018
$3,621
35%
$47,342
10%
2017
$2,681
-4%
$43,042
9%
2016
$2,789
-3%
$39,621
7%
2015
$2,880
—
$37,150
1%
2014
$2,882
-2%
$36,950
-6%
2013
$2,948
-6%
$39,300
-9%
2012
$3,125
—
$43,016
—
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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Listed by Charles Rutenberg Realty of IL and Charles Rutenberg Realty

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402 Allen Street, Joliet, IL 60436 (MLS# 12566011) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 402 Allen Street is currently listed for $405,000 and was received on February 10, 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.

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