Map of Property

331 Pine Street

For Sale

331 Pine St, Joliet, IL 60435

This Joliet property for sale is located at 331 Pine St. The current listed sale price for 331 Pine Street is $359,000. 331 Pine Street is situated on a lot that is 0.16 acre in size.

Contacts

Randolph Taylor, CCIM

eXp Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 2,000 SF
  • Units 2
  • Lot Size 0.16 Acre
  • Parking Spaces Avail. 5
  • Property Tenancy Multi-Tenant
  • Year Built 1900
  • Year Renovated 2025
  • Date Updated Nov 13, 2026
331 Pine Street in Joliet, Illinois 60435.331 Pine Street is a well-maintained, fully leased two-unit multifamily investment property in Joliet, Illinois, offered at $359,000. The property features two 2-bedroom, 1-bathroom apartments generating $2,950 in combined monthly rent, or $35,400 annually. Normalized net operating income is approximately $21,788, representing a 6.07% capitalization rate at the asking price. Recent capital improvements include a roof replacement in 2024 and a water heater replacement in 2025. Each apartment has separately metered, tenant-paid gas and electricity, contributing to an efficient operating structure. Additional features include available parking, tenant-maintained grounds, and basement utility space. The property offers established rental income, potential ancillary revenue opportunities from parking or laundry, and flexibility for future owner occupancy following lease expiration.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 2025 tax $5,391 per BOV public-record review; insurance $1,800/year per owner
  • Grouped, prequalified, broker-accompanied showings with tenant notice; no onsite sign
  • Roof replaced 2024; water heater replaced 2025 (scope unconfirmed)
  • Separate gas and electric; upstairs pays pro-rata water; single sewer
  • Tenant lawn service; tenant snow removal
  • Two 2-bedroom / 1-bath units - working assumption

Getting around

  • 65/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Joliet, IL
  • Zip Code 60435
  • Market Chicago

Points of Interest

  • Joliet

    0.71 miles

  • New Lenox

    6.73 miles

  • Romeoville

    7.74 miles

  • Phillips 66

    1.01 miles

  • Delta Sonic

    1.86 miles

  • Mobil

    1.88 miles

  • BP

    2.12 miles

  • Speedway

    2.47 miles

  • Marathon

    2.54 miles

  • Thorntons

    3.11 miles

  • Thornton's

    3.92 miles

  • Chicagoland Speedway Handicapped Parking

    4.19 miles

  • Plainfield Village Hall and Settlers' Park - Parking Lot

    8.30 miles

  • Medical Center Parking

    8.36 miles

  • Pace Plainfield Park-N-Ride

    8.75 miles

  • Midewin National Tallgrass Prairie @ South Chicago Road

    9.45 miles

  • Harrah's Joliet

    0.33 miles

  • Hotel Plaza

    0.47 miles

  • Town House Motel

    0.96 miles

  • Bel-Air Motel

    1.24 miles

  • Baymont Joliet

    1.90 miles

  • Red Roof Inn Chicago - Joliet

    1.96 miles

  • Super 8

    2.09 miles

  • Motel 6 Joliet, IL - I-80

    2.11 miles

  • Fentons hotel

    2.50 miles

  • Crest Hill Inn

    3.11 miles

  • Rio Grande

    0.99 miles

  • Casa Blanca

    1.00 miles

  • Jewel-Osco

    1.34 miles

  • Tony's Fresh Market

    1.85 miles

  • Burlington

    2.15 miles

  • Big Lots

    2.36 miles

  • Food 4 Less

    2.52 miles

  • Walmart Supercenter

    2.75 miles

  • ALDI

    2.93 miles

  • Gordon Food Service

    3.29 miles

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.