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    516 S Eastern Ave Joliet, IL 60433

    For Sale
    $579,999

    Residential Income - Joliet, IL

    Lot size:
    0.29 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 516 S Eastern 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, Bedroom 5
    Bedrooms
    10
    APN
    3007153080060000
    Parking
    5
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Architectural style
    Other

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Melanie Miller (312) 216-2422 License #475190023

    Listing date Nov 20, 2025

    MLS# 12521837 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 Multifamily Investment Opportunity

    This four-unit property is located in Joliet, Illinois. The building features a limestone exterior. The property is situated on a 0.29-acre lot. One of the units is currently vacant, presenting an opportunity for an owner-occupant or investor to add value. The property is zoned MULTI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -88.08063
    Latitude
    41.514264

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with limestone exterior in Joliet, Illinois.
    Where is this quadplex located?
    The property is located at 516 S Eastern Ave Joliet, IL.
    What is the asking price?
    The asking price for this property is $579,999.
    What are key features of this property?
    This property features: - Rare limestone exterior (unique, timeless feature); - 4-unit property (investment potential); - One vacant unit (owner-occupant opportunity or value-add potential)
    (312) 216-2422
    Request Owner's contact information
    516 S Eastern 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
    516 S Eastern Ave Joliet, IL 60433
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