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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

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.
More about this property
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