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$129,900 Just Listed
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Property Description
**Calling all investors and rehabbers!** Make no mistake about it, this home is a fixer-upper, but what an opportunity to bring new life to a home with over 125 years of history! This one-story home offers tremendous potential for someone ready to roll up their sleeves and make it shine again. While renovations are needed, several important improvements have already been completed, including a new water heater (2018), furnace (2020), roof (2020), copper plumbing (2025), and remodeled bathroom (2025). Inside, you'll find two bedrooms, one full bathroom, a spacious living room, eat-in kitchen, and charming enclosed front porch. The kitchen features beautiful custom built-in wood cabinetry, potentially original to the home, just waiting to be restored to its former glory! Additional features include a full unfinished basement and a two-car detached garage. The home has been completely cleaned out, with all personal belongings removed, so there's no waiting around to get started on your renovation plans! Ready for a quick sale and immediate transformation. **Property is being sold strictly AS IS, WHERE IS.** Bring your vision, your tools, and your imagination!
Full Property Details
Full Property Details for 701 Water St
General
- Price: $129,900
- Taxes: $2,593 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12796073
Rental Information
- Complex Features: Park
Interior
- Basement: Unfinished
- Interior Features: 1st-Floor Bedroom, 1st-Floor Bath, Built-in Features, Historic/Period Mlwk
- Appliances: Range, Refrigerator, Freezer, Washer, Dryer
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Equipment: Cable TV, Ceiling Fan(s)
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: Joliet
- County: Will
- Township: Joliet
- Driving Directions: From S. Chicago Street, west on Patterson Road, north on S Joliet St, west on Edward St, north on Water Street to property. IMPORTANT: Water Street is closed north of the property due to I-80 bridge construction. Access from the south only. Please proceed to the property despite the posted closure signs.
School Information
- School District: 86
- Elem School District: 86
- Midd School District: 86
- High School District: 204
- Elementary School: Farragut Elementary School
- Middle School: Dirksen Junior High School
- High School: Joliet West High School
- Private School: Joliet West High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Construction: Aluminum Siding
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Foundation: Block
- Roof: Asphalt
- Sub-Flooring: Hardwood
- Square Feet: 792
- Sq. Ft. Source: Assessor
- Year Built: 1900
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.16
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 141
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1900
- Tax Amount: $2,593
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3007164310450000
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Schools
Schools serving 701 Water St
School Districts:Joliet Public School District 86, Joliet Township High School District 204
| Name | Grades | Distance |
|---|---|---|
Lynne Thigpen Elementary School 207 South Midland Avenue, Joliet, IL 60436 | K-5 | 1.6 mi |
Dirksen Junior High School 203 South Midland Avenue, Joliet, IL 60436 | 6-8 | 1.6 mi |
Joliet West High School 401 North Larkin Avenue, Joliet, IL 60435 | 9-12 | 2.4 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 701 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,594
—
$32,299
9%
2025
$2,594
179%
$29,550
13%
2023
$929
-21%
$26,255
11%
2022
$1,177
—
$23,750
7%
2022
$1,177
298%
$22,181
5%
2020
$296
-2%
$21,065
8%
2019
$303
-4%
$19,577
8%
2018
$314
-3%
$18,090
10%
2017
$325
-4%
$16,447
9%
2016
$339
-3%
$15,144
7%
2015
$350
—
$14,200
—
2014
$350
-11%
$14,150
-4%
2013
$395
-27%
$14,787
-8%
2012
$541
—
$16,138
—
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 701 Water St
701 Water Street, Joliet, IL 60436 (MLS# 12796073) is a Single Family property with 2 bedrooms and 1 full bathroom. 701 Water Street is currently listed for $129,900 and was received on October 30, 2026. Want to learn more about 701 Water Street? Do you have questions about finding other Single Family real estate for sale in Joliet? You can browse all Joliet real estate or contact a Coldwell Banker agent to request more information.

