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    511 E 3Rd Ave Joliet, IL 60433

    For Sale
    $279,999

    Residential Income - Joliet, IL

    Lot size:
    0.11 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 511 E 3Rd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    3007152250160000
    Parking
    2
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1910
    Architectural style
    Other

    Keller Williams Preferred Realty (708) 798-1111 [email protected]

    Listing agent Mike Musa (708) 798-1111 License #475206990

    Listing date Nov 21, 2025

    MLS# 12521138 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 Joliet Two-Flat Income Property

    This well-maintained, all-brick two-flat property is located on an oversized lot. Each unit features 2 bedrooms and 1 bath, along with separate HVAC systems. A full basement provides storage or room for future possibilities. A two-car garage and additional concrete parking pad offer off-street parking. Both units are currently rented and generating income, making this a turnkey property for investors. The property is located near schools, shopping, dining, and major highways. The property is located in Joliet, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0673815
    Latitude
    41.5191292

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-unit property in Joliet, ideal for investors.
    Where is this duplex located?
    The property is located at 511 E 3Rd Ave Joliet, IL.
    What is the asking price?
    The asking price for this property is $279,999.
    What are key features of this property?
    This property features: - Turnkey 2-flat generating steady rental income.; - Separate HVAC systems for each unit, reducing owner expenses.; - Oversized lot with 2-car garage and additional parking pad.
    (708) 798-1111
    Request Owner's contact information
    511 E 3Rd Ave 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
    511 E 3Rd Ave Joliet, IL 60433
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