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$274,000
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Property Description
RARE FIND!!! Beautifully Maintained All-Brick 2-flat on an oversized lot, offering exceptional durability, low upkeep, and long-term value. Each unit features 2 bedrooms and 1 bath, along with separate HVAC systems, allowing tenants to cover their own utility costs-an excellent benefit for owners looking to maximize income and reduce expenses. The comfortable floor plans and excellent condition make it clear this property has been thoughtfully maintained. A full basement provides excellent storage or room for future possibilities, while the two-car garage and additional concrete parking pad offer convenient off-street parking. Both units are currently rented and generating steady income, making this a strong opportunity for investors seeking a turnkey property. Low property taxes further enhance the financial appeal. Ideally located near schools, shopping, dining, and major highways, this property combines accessibility with lasting value. Whether you're an investor growing your portfolio or a buyer planning to live in one unit while renting the other, this well-kept building stands out as an exceptional choice.
Full Property Details
Full Property Details for 511 E 3rd Ave
General
- Sold For: $274,000
- Taxes: $3,845 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12521138
- Added to Site: 109 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: Joliet
- County: Will
- Driving Directions: Rowell Ave to Third West One Block
School Information
- School District: 86
- Midd School District: 86
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1910
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.11
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 40 x 122
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1910
- Tax Amount: $3,845
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3007152250160000
Listed by Keller Williams Preferred Rlty
Sold by Real Broker, LLC
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Schools
Schools serving 511 E 3rd 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 | 0.2 mi |
Washington Jr High & Academy Prgm 402 Richards Street, Joliet, IL 60433 | 6-8 | 0.4 mi |
Joliet Central High School 201 East Jefferson Street, Joliet, IL 60432 | 9-12 | 0.6 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 511 E 3rd Ave
Date
Details
Price
Change
Source
2/27/2026
Sold
$274,000
-2.14%
MLS
11/20/2025
Listed
$279,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
511 E 3rd Avenue, Joliet, IL 60433 (MLS# 12521138) is a Multi-Family property that was sold at $274,000 on February 27, 2026. Want to learn more about 511 E 3rd 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.

