402 ALLEN Street, Joliet, IL 60436

Welcome to this property located in Joliet, IL. featuring 8 bedrooms, 5 bathrooms. Built in 1899. this home is offered at $405,000.

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.)

Climate control includes natural gas heating. A unfinished, full basement provides additional space.

The property sits on a 69×65 lot. with 2 parking spaces (yes, attached, garage).

Utilities include public water and public sewer sewer.

Located in Will County.

Annual property taxes are $5,807 (as of 2024).