402 ALLEN Street, Joliet, IL 60436

• 8 beds |
• 5 baths

Property Description

Great opportunity at Joliet, IL. This solid 3-unit multifamily property with strong income and tons of potential. This is a perfect fit for investors looking for steady cash flow or buyers planning to use an owner-occupied loan. The property is very spacious, Current tenants on month-to-month basis, giving flexibility to the next owner. Located in the growing city of Joliet, one of the fastest-developing areas in the southwest suburbs with new businesses, ongoing development, and increasing rental demand. Just minutes from Downtown Joliet, close to Louis Joliet Mall, shopping, schools, parks, and with easy access to Interstate 80 and Interstate 55, the location makes it very attractive for tenants. As a great extra, the garage brings $400 per month in additional income, making this property an even smarter buy. (Room sizes are estimated. Photos reflect the condition of the property prior to tenant occupancy.)

Listing Status:

Active

Data Last Updated:

February 15, 2026 at 7:18AM

Listing Office:

Charles Rutenberg Realty of IL : 331-250-6714

Listing Agent:

Anna Chacon : 331-250-6714

MLS ID:

12566011

Interior

• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

• Parking: YesAttachedGarageParking spaces: 2

Location

• Originating MLS: mred
• School District: 86
• County: Will

Lot

• Zoning: MULTI3007161200070000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple