Accepting Backups
318 Dewey Street
Joliet, IL 60436
$260,000
4beds
2baths
—sqft
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About this home
Well-maintained 2-unit investment opportunity offering strong cash flow and a functional layout. Each unit is tenant occupied so start cash-flowing right away! Each unit offers 2 bedrooms, 1 bath, and approximately 1,040 sq ft of living space. Each unit is filled with natural light and includes two private entrances-a front entrance leading to a porch and a rear entrance providing direct access to the driveway. Each unit can accommodate up to two vehicles, a rare and highly desirable feature for tenants. The building includes a basement for storage with coin-operated laundry and an assigned storage for each unit, providing added convenience and supplemental income potential. Utilities are efficiently structured with separate electric and gas meters for each unit, while water is owner-paid. Major components are in good condition, including newer gutters and a recently replaced water heater. Both units are currently occupied with written leases in place, making this a turnkey income-producing property from day one. Conveniently located near I-80 and just minutes from Downtown Joliet, this property offers easy access to shopping, dining, and transportation. Ideal for investors or owner-occupants seeking a solid, income-generating asset in a strong location. See private broker remarks for additional details.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1930
Lot size—
Annual tax$4,323
CountyWill
MLS #MRD12617517
Days on market7
Schools
ElementaryPershing Elementary School
Middle / JuniorDirksen Junior High School
High schoolJoliet Central High School
Features
Heating
Natural Gas
Parking
UnassignedOff StreetSide ApronDrivewayYesOther
Construction
Brick
Sewer
Public Sewer
Listed by
Cirafici Real Estate
Joe Cirafici
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/21/2026, 2:57:03 PM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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