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    1703 Pinewood Ln Joliet, IL 60433

    Under Contract
    For Sale
    $249,900

    Residential Income, Ranch - Joliet, IL

    Lot size:
    0.38 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 1703 Pinewood Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    3007253020010000
    Parking
    4
    Exterior features
    Corner Lot
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water front features
    Stream

    Building Details

    Year built
    1966
    Roof type
    Asphalt
    Architectural style
    Ranch

    RE/MAX Ultimate Professionals (815) 725-4545 [email protected]

    Listing agent Steve Sweedler (815) 725-4545 License #475132736

    Listing date Oct 1, 2025

    MLS# 12471559 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    All Brick Ranch Duplex

    This all-brick ranch duplex is situated on a large lot featuring mature trees, a small creek, and open fields that provide privacy in the back. The sale includes both units and an additional lot. Unit 1703, which features 3 bedrooms and 1 bath, is currently leased until March 30, 2026. Unit 1705 is move-in ready and includes 2 bedrooms, 1 bath, and a laundry area with washer/dryer hookups. Each unit has its own central air and furnace, as well as its own driveway, offering convenience and ample parking. The additional lot, identified by pin# 3007253020060000 with dimensions of 70x150, offers possibilities for constructing a garage or outbuilding, or for enjoying additional outdoor space. The property is suitable for an owner-occupant looking to live in the 2-bedroom unit while collecting rent from the 3-bedroom unit, or for an investor seeking a rental property with future expansion potential. The lot size is 0.38 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Building Supply Gym & Fitness Auto Repair Shop Auto Parts Store Kitchen & Bath HVAC Service Electronics Store Storage Facility Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0390623
    Latitude
    41.486862

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    FAQs

    What type of property is this?
    Duplex - All brick ranch duplex on expansive lot with extra parcel.
    Where is this duplex located?
    The property is located at 1703 Pinewood Ln Joliet, IL.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - All-brick ranch duplex on expansive lot with extra buildable parcel, offering privacy and future expansion potential.; - Includes two units: one move-in ready 2-bedroom unit and one leased 3-bedroom unit (lease until March 30, 2026) providing immediate rental income.; - Each unit has its own central air, furnace, and private driveway for convenience.
    (815) 725-4545
    Request Owner's contact information
    1703 Pinewood Ln Joliet, IL 60433
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    Joliet, IL 60433
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1703 Pinewood Ln Joliet, IL 60433
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