Joliet, IL 60436 318 Dewey Street

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Presented By: Cirafici Real Estate
  • MLS# 12617517
  • 04/15/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 2,080

Home Details

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.
Presented By: Cirafici Real Estate

Interior Features for 318 Dewey Street

Bedrooms

Bedrooms Possible4
Total Bedrooms4

Bathrooms

Full Baths Building2
Half Baths Building
Total Baths2

Other Interior Features

BasementPartially Finished, Full
Total Number of Units2

Other Rooms

Room TypeEnclosed Porch

General for 318 Dewey Street

Additional Parcels Y/NNo
CityJoliet
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyWill
DirectionsJefferson St to Larkin Ave, north to Glenwood Ave, east to Dewey Ave, north to property.
Elementary SchoolPershing Elementary School
Elementary School District86
HeatingNatural Gas
High SchoolJoliet Central High School
High School District204
MLS AreaJoliet
Middle/Junior High SchoolDirksen Junior High School
Middle/Junior School District86
New ConstructionNo
Other StructuresShed(s)
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount4323
Tax Year2024
Total Rooms14
TownshipJoliet
Virtual TourClick here
Year Built1930
ZoningMULTI

Exterior for 318 Dewey Street

Foundation DetailsStone
Lot Dimensions50X138
Other EquipmentCO Detectors, Ceiling Fan(s), Sump Pump
Parking FeaturesUnassigned, Off Street, Side Apron, Driveway, Yes, Other
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Joliet Central High School
Middle School Dirksen Junior High School
Elementary School Pershing Elementary School

Client Care

Price $260,000
MLS#12617517
List Date 04/15/2026
Property Type Contingent
Phone 847.485.2500
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