416 Buell Avenue
Joliet, IL, 60435 $ 500,000
Bedrooms6 Baths3.1 Sq 3,125 Monthly Estimate*
$ 3,079
for $500,000 with 6 bedrooms and 3 full baths, 1 half bath. This 3,125 square foot home was built in 1904 on a lot size of 0.22.
*** Positioned in Joliet's sought-after Cathedral Area!!! *** This F U L L Y - R E N O V A T E D two-unit home presents a rare opportunity for both investors and multi-generational buyers seeking flexibility, stability, and long-term value!!! Each expansive unit offers a true three-bedroom layout with generous living space - approximately 1,426 square feet on the first floor and 1,699 square feet on the second - delivering the feel of two full single-family homes under one roof. The interiors have been METICULOUSLY upgraded and showcase model-like presentation throughout!!! Every detail has been executed by a contractor with more than 25 years of quality craftsmanship experience, ensuring the finishes are not only beautiful but built to last. Both residences feature refinished hardwood flooring, new windows, fresh designer paint, updated kitchens with stainless steel appliances, recessed lighting, and soaring 9-foot ceilings that create a bright, open atmosphere. Formal dining rooms provide a natural gathering space for entertaining, while decorative fireplaces in each unit add architectural character and warmth. The thoughtful layout allows for privacy and independence. Separate utility meters, distinct entrances, and well-planned circulation make this an ideal structure for extended families looking to live together while maintaining separate living quarters. The first-floor unit greets you with an impressive entry foyer accented by detailed woodwork and a dramatic built-in mirror feature. Upstairs, the second-floor unit offers a charming enclosed front porch - perfect as a reading nook, office space, or peaceful morning retreat. From an investment perspective, the fundamentals are strong. Separate utilities simplify management and expense allocation. Two large garages - one 2-car and one 2 1/2-car - combined with newly completed dual driveways provide exceptional parking capacity, a significant advantage for tenants and owners alike. The size, layout, and condition position this property attractively for strong rental income potential, owner-occupant house hacking, corporate or medical professional housing, or long-term portfolio holding in an established neighborhood known for architectural character and proximity to downtown Joliet amenities. This home is turnkey in the truest sense - no deferred maintenance, no renovation guesswork, no capital improvement surprises. It shows like a model and reflects pride of workmanship throughout. Whether you are an investor seeking reliable cash flow and asset appreciation, a multi-generational family desiring proximity without compromise, or an owner looking for rental income, this opportunity checks every box. Properties in this condition and configuration rarely become available in the Cathedral Area. Schedule your private showing today and secure this exceptional investment before it's gone!
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing Immediate
Roof Asphalt
Garage Spaces 4
Construction Materials Aluminum Siding
Year Built 1904
Township Joliet
Tax Year 2024
Ownership Fee Simple
Community Features Park Curbs Sidewalks Street Lights Street Paved
County Will
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Active
Directions Rt 59 South 30 East Right on Charlotte Ave Left on Buell Ave
High School Forest Park Individual Ed School
City Joliet
High School District 86
MLS Area Joliet
Elementary School Eisenhower Elementary School
Tax Annual Amount 8136
Middle/Junior High School Joliet Central High School
Standard Status Active
Middle/Junior School District 204
Elementary School District 86
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InteriorBasement Unfinished Full
Total Bedrooms 6
Total Baths 3
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 1
Total Number of Units 2
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ExteriorExterior Amenities Balcony
Parking Features Garage Door Opener Yes Garage Owned Detached Garage
Water Source Lake Michigan Public
Total Parking 4
Lot Dimensions 24.9x39.7 x161.4x47.7x162.6
Lot Size Acres 0.22
Waterfront Y/N N
Other Equipment Ceiling Fan(s)
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* Excluded FeaturesList ByRe/Max Of NapervilleBroker
bernie.cobbjr@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,079
- Monthly Property Taxes
- $678
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Joliet, IL
Average List Price $508,143
Percent of Sale Price 2%
About Joliet, IL 149,574 Population
37% Since 2002
$ 61,297 Median Income
34.35 Median Age
39% Households with Children
Trends Information provided by ATTOM Data Solutions.
5322508 Elementary School
5322509 Middle School
Forest Park Individual Ed School High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/13/2026 | $500,000 | | Listed Price |