402 W Allen St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.)
  1. Listed by Anna Chacon • Charles Rutenberg Realty of IL
    P: (331)-250-6714 C: (331)-250-6714 annachacon1@yahoo.com;anna@chaconteam.com
  2. Listed by Mariano Rotondo • Charles Rutenberg Realty
    P: (630)-917-9322 C: (630)-917-9322 marianorotondorealtor@gmail.com

Property Details for 402 West Allen Street

Area
Joliet
Township
Joliet
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 02/18/2026 07:04 PM

Property Details for 402 West Allen Street

StatusContingent
MLS #12566011
Days on Market10
Taxes$5,807 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1899
Lot Size0.10 AC / 4,485 SF
CountyWill County

Location

Listing Courtesy of Charles Rutenberg Realty of IL; Charles Rutenberg Realty
Add your commute

Building Information for 402 West Allen Street

Stories-Residences3Year Built1899Building Size-Lot Size0.10 AC / 4,485 SF

Payment Calculator

$2,458 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,974

Property Taxes

$484

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 West Allen Street

General Information
School Information
  • Elementary School District: 86
  • High School District: 204
  • Middle Or Junior School District: 86
Addtl Parking Information
  • Parking Details: Yes, Attached, Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 16
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 8
  • Basement Bathrooms: No
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 69x65
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Construction: Vinyl Siding
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 18
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $2,125.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $3,025.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM

Property History for 402 West Allen Street

DateEvent & SourcePriceAppreciation
Feb 16, 2026

Contingent

MRED #12566011

Feb 10, 2026

Listed (Active)

MRED #12566011

$405,000
Aug 7, 2023

Sold

MRED #11806368

$315,000
Jul 6, 2023

Sold (Public Record)

Public Record #1517022863

$315,000

+44.3% / yr

Jun 17, 2023

Pending

MRED #11806368

Jun 17, 2023

Contingent

MRED #11806368

Jun 12, 2023

Listed (Active)

MRED #11806368

$299,000
Aug 24, 2022

Cancelled

MRED #11417011

$307,500
May 25, 2022

Listed (Active)

MRED #11417011

$317,500
Dec 6, 2018

Sold

MRED #10004927

$58,700
Dec 5, 2018

Sold (Public Record)

Public Record #636396322

$58,700
Nov 6, 2018

Pending

MRED #10004927

Jul 2, 2018

Listed (Active)

MRED #10004927

$99,900
DateEvent & SourcePrice
02/16/2026

Contingent

MRED #12566011

02/10/2026

Listed (Active)

MRED #12566011

$405,000
08/07/2023

Sold

MRED #11806368

$315,000
07/06/2023

Sold (Public Record)

Public Record #1517022863

$315,000

+44.3% / yr

06/17/2023

Pending

MRED #11806368

06/17/2023

Contingent

MRED #11806368

06/12/2023

Listed (Active)

MRED #11806368

$299,000
08/24/2022

Cancelled

MRED #11417011

$307,500
05/25/2022

Listed (Active)

MRED #11417011

$317,500
12/06/2018

Sold

MRED #10004927

$58,700
12/05/2018

Sold (Public Record)

Public Record #636396322

$58,700
11/06/2018

Pending

MRED #10004927

07/02/2018

Listed (Active)

MRED #10004927

$99,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 402 West Allen Street

Taxable ValueLand$13,378Additions$63,954Total$77,332
Tax Record2024$5,807 ($484 / month)
Home Facts
Beds0Baths3Total Finished SqFt3,132 SqFtAbove Grade Finished SqFt3,132 SqFtStories2Lot Size4,686 SqFtStyleSingle Family ResidenceYear Built1899CountyWILLAPN30-07-16-120-007

Schools near 402 West Allen Street

This home is within Joliet Township Hsd 204 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pershing Elementary School
PublicK to 5

Dirksen Junior High School
Public6 to 8

Joliet Central High School
Public9 to 12

Pathways Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Charles Rutenberg Realty of IL; Charles Rutenberg Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/18/2026 07:04 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.