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    250 N Raynor Ave Joliet, IL 60435

    Under Contract
    For Sale
    $269,900

    Residential Income - Joliet, IL

    Lot size:
    0.21 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 250 N Raynor Ave

    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
    Bedrooms
    4
    APN
    3007093110150000
    Parking
    2
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1908
    Architectural style
    Other

    Mode 1 Real Estate (630) 247-8428 [email protected]

    Listing agent Michelle Sather (630) 247-8428 License #471019230

    Listing date Nov 18, 2025

    MLS# 12514076 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

    Joliet Two-Unit Income Property

    Located in the Cathedral Area of Joliet, this all-brick two-unit property presents an income opportunity. The building contains two units. Unit 1 offers 2 to 3 bedrooms, while Unit 2 has 2 bedrooms. Each unit features spacious rooms and functional layouts. Recent updates include water heaters replaced within the last 4 years, and a furnace approximately 10 years old. Unit 1 has a new stove from 2022 and a new refrigerator from 2021. Both units are currently rented month-to-month, generating income at $1,250 and $1,125 per month, respectively. Tenants are responsible for all utilities. Additional features include a full basement, a 2-car garage, and a walk-up attic that offers the potential for additional space or income. The property is situated with convenient access to I-80 and I-55, and is near shopping, restaurants, schools, and recreational activities. The lot size is 0.21 acres. This property is suitable for both owner-occupants and investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.100543
    Latitude
    41.5270785

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    FAQs

    What type of property is this?
    Duplex - All-brick two-unit property in Joliet's Cathedral Area.
    Where is this duplex located?
    The property is located at 250 N Raynor Ave Joliet, IL.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: - High Income Potential: Turn-key two-unit property generating $2,375/month in rental income.; - Desirable Location: Situated in Joliet's sought-after Cathedral Area, near amenities and transportation (I-80 and I-55).; - Solid All-Brick Construction: Durable and classic all-brick two-flat.
    (630) 247-8428
    Request Owner's contact information
    250 N Raynor Ave Joliet, IL 60435
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    Joliet, IL 60435
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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
    250 N Raynor Ave Joliet, IL 60435
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