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Two-Unit Multifamily Building
For Sale
$399,000

101 S Eastern Avenue, Joliet, IL 60433

MULTI_FAMILY - Joliet, IL

Days on Market10

Property Features for 101 S Eastern Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Basement, Bathroom 1, Bedroom 1
Parking 2
Parking features Garage
Basement Walk-Out Access, Unfinished
Elementary school district 204
Middle school district 204
High school district 86
Directions Route 53 to Osgood (east) to Eastern Ave (north)
Subdivision Joliet
Standard status Active
APN 3007151100170000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5583

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1909
Building materials Vinyl Siding
Listing Agency: Charles Rutenberg Realty
Listed By: Mariano Rotondo · License #475212550
Added: Jul 22 Changed: Jul 28 Last Checked: Jul 31 at 2:06AM
MLS# 12712600

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This is a two-unit residential income building with extensive parking, including a covered 2-car carport and additional uncovered spaces. The upper unit is described as bright and well-laid-out, and it provides access to a full attic with 8-foot ceilings that could support additional finished space if desired.

According to the remarks, the property generates approximately $49,200 in annual residential rent plus approximately $4,800 from parking income. The building is located at 101 S Eastern Avenue in Joliet, Illinois, near shopping, restaurants, schools, parks, and connections to I-80 and I-55.

As presented, it offers an existing income base along with an attic configuration that may be practical for future layout expansion within the upper unit.

Key Highlights

  • 2‑unit residential building with approximately $49,200 in annual residential rent plus about $4,800 from parking income
  • Extensive parking including a covered 2‑car carport and additional uncovered spaces
  • Upper unit has access to a full attic with 8‑foot ceilings for potential additional living space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Accounting Firm Storage Facility Electrical Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

300
Businesses Nearby

Demographics for 60433, IL

16,526
Population
5,774
Households
2.9
Avg Household Size
37
Median Age
13%
College-Educated
79%
High-School Grad
13.6 sq mi
ZIP Area
1,215
Density / Sq Mi
$60,987
Median Household Income
$35,310
Median Earnings
$1,307
Median Rent
$167,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit income property with extensive parking, including a covered two-car carport, plus upper-unit attic with 8-foot ceilings.
Where is this duplex located?
The property is located at 101 S Eastern Avenue Joliet, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2‑unit residential building with approximately $49,200 in annual residential rent plus about $4,800 from parking income; Extensive parking including a covered 2‑car carport and additional uncovered spaces; Upper unit has access to a full attic with 8‑foot ceilings for potential additional living space
More about this property
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