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    650 Ward Ave Joliet, IL 60432

    For Sale
    $240,000

    Residential Income - Joliet, IL

    Days on Market:
    26
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 650 Ward Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    3007102080010000
    Parking
    4

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Architectural style
    Other

    Realtopia Real Estate, Inc. (708) 326-2955 [email protected]

    Listing agent Lucy Rodriguez (708) 326-2955 License #475195901

    Listing date Nov 12, 2025

    MLS# 12515877 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 Residential Income Opportunity

    This two-unit residential property in Joliet, Illinois, presents an opportunity for generating income. Each unit features a kitchen, living room, three bedrooms, and one bathroom. The property is being sold in as-is condition and requires some improvements. It is located in Will County, with the postal code 60432.
    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 Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0666796
    Latitude
    41.538369

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    FAQs

    What type of property is this?
    Duplex - Two-unit property in Joliet, Illinois, ideal for rental income.
    Where is this duplex located?
    The property is located at 650 Ward Ave Joliet, IL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Two separate units, each with a kitchen, living room, 3 bedrooms, and 1 bath.; - Income-generating potential by renting out one of the units.; - Natural gas heating.
    (708) 326-2955
    Request Owner's contact information
    650 Ward Ave Joliet, IL 60432
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    Joliet, IL 60432
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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
    650 Ward Ave Joliet, IL 60432
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