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John Gamble & Mary Clare

team@gambleclare.com +1(630) 761-9550

Listed by Ryan Reynolds-Garibayof Real People Realty

Est. payment -/mo

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Price Dropped by $11K

514 Campbell ST Joliet, IL 60435

6 Beds

7,405 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12622378

Style Farmhouse

Bedrooms 6

Year Built 1880

Annual Tax Amount $5,777

Tax Year 2024

Lot Size 7,405 Sqft

Lot Dimensions 59X126X60X127

Property Sub-Type Two to Four Units

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.

Location

State IL

County Will

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Cellar, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Foundation Stone

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Farragut Elementary School

Middle Schools Dirksen Junior High School

High Schools Joliet Central High School

School District 86, 86, 204

Others

Ownership Fee Simple

Special Listing Condition None

John Gamble & Mary Clare

Brokers | License ID: 477.013618

+1(630) 761-9550

John Gamble & Mary Clare

514 Campbell ST Joliet, IL 60435

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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514 Campbell ST

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