Investors Welcome! This well-maintained 4-unit building offers an excellent opportunity for steady rental income. The main floor features a spacious 3-bedroom/1-bath front apartment and a 1-bedroom/1-bath rear unit. The second floor includes a 2-bedroom/1-bath front unit and a 1-bedroom/1-bath rear unit. Major updates completed in 2017 include electric, plumbing, roof, windows, and insulation. Each unit is separately metered for gas and electric and has its own furnace and water heater. The front units on both levels include in-unit laundry with washer/dryer combos. Tenants are responsible for gas and electric, while the landlord pays water, and garbage. Exterior access to basement/cellar. All units are currently occupied, perfect for investors seeking a stable, income-producing property.
Closed
$380,000
409 State St, Joliet, IL 60432
7beds
--sqft
Multi Family
Built in 1907
-- sqft lot
$380,200 Zestimate®
$--/sqft
$1,888 Estimated rent
Home value
$380,200
$354,000 - $407,000
$1,888/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 03:32pm
Listing courtesy of:
Edilane Gallagher 630-624-9189,
john greene, Realtor
Bought with:
Lorne Istre
RE/MAX Ultimate Professionals
Source: MRED as distributed by MLS GRID,MLS#: 12495701
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Cellar,Exterior Entry,Full
Property
Parking
- Total spaces: 3
- Parking features: Side Apron, Owned
Features
- Fencing: Fenced
Lot
- Size: 3,920 sqft
- Dimensions: 34 X 150
Details
- Parcel number: 3007101310040000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Joliet
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $380,000 |
Source:  MRED as distributed by MLS GRID #12495701 | ||
| 10/21/2025 | Contingent | $380,000 |
Source: MRED as distributed by MLS GRID #12495701 | ||
| 10/16/2025 | Listed for sale | $380,000+16.9% |
Source: MRED as distributed by MLS GRID #12495701 | ||
| 11/15/2022 | Sold | $325,000 |
Source: MRED as distributed by MLS GRID #11644499 | ||
| 10/12/2022 | Contingent | $325,000 |
Source: MRED as distributed by MLS GRID #11644499 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $5,643 +6.8% | $63,256 +10.6% |
| 2022 | $5,284 +5.2% | $57,219 +7.1% |
| 2021 | $5,022 +5.4% | $53,441 +5.3% |
Find assessor info on the county website
Neighborhood: 60432
Nearby schools
GreatSchools rating
- 2/10Sator Sanchez Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Gompers Junior High SchoolGrades: 6-8Distance: 1.8 mi
- 2/10Joliet Central High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Sator Sanchez School
- Middle: Gompers Junior High School
- High: Joliet Central High School
- District: 86
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$380,200
2% more+ $7,604
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$387,804