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318 Dewey Street, 
Joliet, IL 60436

$260,000


4

Beds


2

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Joe Cirafici

Cirafici Real Estate

Last updated:

June 1, 2026, 07:45 AM

MLS#

12617517

Source:

MLSNI

About This Home

318 Dewey Street

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.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1930

Price Summary

260,000

MLS #:

12617517

Last Updated:

June 1, 2026, 07:45 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1930


Finances & Disclosures

Finances

Price:

$260,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.