514 Campbell Street, Joliet, IL 60435

• 6 beds |
• 2 baths

Property Description

6 BEDROOM 2-UNIT WITH UPDATED MECHANICALS, NEW ROOF (2025), AND STRONG CASH FLOW POTENTIAL IN THE SOUGHT-AFTER CATHEDRAL AREA! Solid investment opportunity in Joliet featuring a spacious 2-unit layout with a 2 bed / 1 bath unit and a larger 4 bed / 1 bath unit, currently generating $2,800/month in total income including additional garage rent. Located in the sought-after Cathedral Area near downtown Joliet, this property offers convenient access to major highways including I-80 and Route 30, along with nearby shopping, dining, and local amenities. Major updates provide a strong foundation for long-term ownership, including updated electrical panels, multiple furnaces, separate water heaters, and a brand new roof in 2025. Unit 1 features central A/C, while Unit 2 is ready for A/C hook-up. Situated on a generous lot, the property includes two garages and additional off-alley parking. A full basement offers storage and potential to add value with future improvements such as shared laundry. The interior condition presents a value-add opportunity, allowing the next owner to update and increase rents over time. Ideal for investors looking to expand their portfolio or buyers seeking a house-hack opportunity.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 9:18PM

Listing Office:

Real People Realty : 815-469-7449

Listing Agent:

Ryan Reynolds-Garibay : 630-770-5836

MLS ID:

12622378

Interior

• Rooms: Foyer
• Basement: UnfinishedCellarFull
• Heating: Natural GasForced Air

Exterior

• Style: Farmhouse
• Parking: YesGarage OwnedAttachedOff AlleyOwnedGarageParking spaces: 6

Construction

• Roofing: Asphalt
• General: FarmhouseStone

Location

• HOA Amenities: CurbsSidewalksStreet LightsStreet Paved
• Originating MLS: mred
• School District: 86
• County: Will

Lot

• Zoning: MULTI3007093180050000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple