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    303-307 Stone St Joliet, IL 60435

    For Sale
    $1,500,000

    Commercial Sale - Joliet, IL

    Property size:
    8,872 SF
    Lot size:
    0.44 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 303-307 Stone St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    3007092160340000
    Size
    8,872 SF
    Lot size
    0.44 Acres

    Building Details

    Year built
    1930
    Number of units
    8
    Roof type
    Membrane
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Jeff Jakob (815) 553-2406 License #475176651

    Listing date Nov 25, 2025

    MLS# 12477149 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

    Renovated Multifamily Building in Joliet

    This renovated 8-unit apartment building in Joliet presents a turn-key investment opportunity. The property, fully rehabbed in 2023, offers a stable, high-yield asset. Situated in a sought-after rental area, the building is fully rented with long-term tenants. The comprehensive renovation in 2023 included new plumbing, electrical systems, roof, windows, and parking lot. Each of the eight units has been modernized with flooring, finishes and fixtures. On-site, coin-operated laundry facilities provide an additional income stream and a valuable amenity for residents. Ample off-street parking is available for tenants, with additional street parking. The recent rehabilitation means the building is in excellent condition, requiring minimal hands-on management. Located in a competitive rental market, the property's desirability ensures low vacancy rates and strong potential for future rent growth. The building is situated in a high-demand area of Joliet, within walking distance of downtown Joliet and the University of St. Francis. Located near the Metra station and I-80, it offers an easy commute for tenants who work in the city. The surrounding neighborhood offers a variety of amenities and a strong tenant base. The property occupies a 0.44-acre lot and has a building size of 8,872 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -88.0895856
    Latitude
    41.5343706

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    FAQs

    What type of property is this?
    Apartment building - Turn-key investment opportunity in a prime Joliet neighborhood.
    Where is this apartment building located?
    The property is located at 303-307 Stone St Joliet, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Fully Renovated in 2023: Comprehensive top-to-bottom renovation including new plumbing, electrical, roof, windows, and updated units.; - Fully Occupied with Long-Term Tenants: Ensures immediate and consistent cash flow.; - High-Demand Joliet Location: Situated in a competitive rental market with strong potential for future rent growth.
    (815) 553-2406
    Request Owner's contact information
    303-307 Stone St 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
    303-307 Stone St Joliet, IL 60435
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