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Two-Unit Multifamily Property
For Sale
Under Contract
$275,000

807 Farragut Place, Joliet, IL 60435

Residential Income, Joliet, IL

Property SizeContact for details
Days on Market99

Property Features for 807 Farragut Place

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking 2
Parking features Garage
Patio and Porch features Patio
Basement Unfinished, Full
Elementary school district 86
Middle school district 86
High school district 204
Directions S JOLIET RD, RIGHT ONTO N RAYNOR AVE, RIGHT ONTO FARRAGUT PL
Subdivision Joliet
Standard status Active Under Contract
APN 3007082320160000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8437

Utilities

Sewer type Public Sewer
Heating system Steam
Water source Public

Amenities

unfinished basement with laundry area
front porch
concrete patio

Building Details

Year built 1912
Building materials Vinyl Siding, Stucco
Listing Agency: Crosstown Realtors, Inc.
Listed By: Elizabeth Stopka-Rios
Added: May 15 Changed: Aug 20 Last Checked: Aug 21 at 9:06PM
MLS# 12632667

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.

Built in 1912, this two-unit multifamily property combines original architectural details with selected interior updates. The main-level residence has 3 bedrooms, 1 full bathroom, updated vinyl flooring, a remodeled bathroom, and hardwood flooring in several rooms. The upper unit includes 1 full bathroom, substantial storage, and an existing long-term tenant.

An unfinished basement provides a laundry area, while the detached 2-car garage includes an unfinished second story for storage. Additional exterior features include a front porch and rear concrete patio. The property has vinyl siding and stucco, steam heat, a boiler and hot water heater approximately 9 years old, public water, and public sewer. It is located near downtown Joliet, restaurants, shopping, and transportation.

Key Highlights

  • Two‑unit multifamily property built in 1912
  • Main‑level unit with 3 bedrooms and 1 full bathroom
  • Upper unit has 1 full bathroom, substantial storage, and a long‑term tenant

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

529
Businesses Nearby

Demographics for 60435, IL

48,927
Population
20,162
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
4,530
Density / Sq Mi
$74,967
Median Household Income
$41,201
Median Earnings
$1,145
Median Rent
$217,200
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?
Multifamily property - Original built-ins and hardwood details accompany updated flooring and a remodeled bathroom.
Where is this multifamily property located?
The property is located at 807 Farragut Place Joliet, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit multifamily property built in 1912; Main‑level unit with 3 bedrooms and 1 full bathroom; Upper unit has 1 full bathroom, substantial storage, and a long‑term tenant
More about this property
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