Cathedral Area Real Estate

Cathedral Area Real Estate

Welcome to the Cathedral Area, a charming neighborhood nestled in the heart of Springfield, Illinois. Known for its picturesque streets and rich history, this vibrant community is a perfect blend of residential comfort and urban accessibility. The Cathedral Area is named after the stunning St. Paul’s Cathedral, which serves as a striking centerpiece and a symbol of the neighborhood’s architectural beauty.

As you stroll through the tree-lined streets, you’ll be captivated by the diverse array of homes, ranging from classic Victorian-style houses to more contemporary builds. The community exudes a friendly atmosphere, where neighbors know each other by name, and local events foster a strong sense of belonging.

The Cathedral Area is not just about beautiful homes; it’s also a hub of culture and activity. Residents enjoy easy access to a variety of local shops, cozy cafes, and delightful restaurants that cater to every palate. The neighborhood is conveniently located near downtown Springfield, offering additional entertainment options, including theaters, parks, and historical landmarks that celebrate the city’s rich heritage.

Families will appreciate the excellent schools nearby, ensuring a top-notch education for children. Additionally, the community’s commitment to green spaces is evident in its well-maintained parks, perfect for picnics, playdates, or simply unwinding in nature.

Whether you’re looking to buy your first home, relocate, or invest, the Cathedral Area promises a unique lifestyle filled with charm, community spirit, and endless possibilities. Come explore this delightful neighborhood and discover why it’s a wonderful place to call home!

Newest Listings in Cathedral Area

$950,000
12751098 MLS NEW Status
Exceptional opportunity to acquire a well-maintained 6-unit townhouse-style multifamily investment in Joliet, Illinois. Unlike traditional apartment buildings, each residence is a true two-story townhouse featuring 2 bedrooms, 1.5 bathrooms, and a full private unfinished basement. Every unit includes a spacious living room, kitchen, and half bath on the first floor, with two bedrooms and a full bathroom upstairs. This highly desirable townhouse layout consistently attracts long-term tenants and commands stronger rents than conventional flat-style apartments. The property comes with a strong collection history, providing dependable day-one cash flow. Immediate flexibility for a new owner to gradually adjust rents toward market levels as turnover occurs. Current rents average approximately $1,370 per month, while comparable 2-bedroom townhouse rentals in the Joliet market achieve $1,700+ per month. This creates approximately $23,700 in additional annual gross rental income through rental repositioning alone, providing a clear and attainable value-add opportunity. Operating expenses are straightforward. Tenants responsible for their own electric service, while ownership is responsible for gas, water, and trash service, simplifying management while maintaining competitive rental rates. Recent capital improvements substantially reduce future maintenance obligations and include: New mansard roof (2023) New EPDM flat roof Three fully renovated units with updated flooring, paint, shower surrounds, and hardware Concrete leveling completed (2025) New asphalt driveway (2024) Exterior improvements completed Passed City of Joliet inspection (2025) Additional amenities include 12 off-street parking spaces, providing two dedicated parking spaces for each townhouse. This is a true turnkey investment with immediate income, limited deferred maintenance, and substantial upside through rental growth rather than capital improvements. Investment Highlights Six townhouse-style units All units are true 2-bedroom, 1.5-bath layouts Full private unfinished basement for every unit Strong rent collection history Average in-place rent: approximately $1,370/month Market rent potential exceeding $1,700/month Approximately $23,700 annual rental upside Tenants responsible for own electric Owner responsible for gas, water, and trash Twelve parking spaces (2 per unit) Significant recent capital improvements City of Joliet inspection passed in 2025 Whether you're expanding an existing portfolio or completing a 1031 exchange, 101 Nicholson Street offers stable cash flow today with a clear path to increased income and long-term appreciation.

101 Nicholson Street, Joliet

$439,900
5 Beds 2 Baths 12734660 MLS NEW Status
One of Joliet's most cherished and established neighborhoods, the Cathedral Area is home to beautiful turn-of-the-century architecture, and this 1900 residence is a wonderful example of its timeless appeal. Thoughtfully renovated from top to bottom, this spacious home blends original character and craftsmanship with the modern updates today's buyers are looking for. Offering 5 bedrooms and 2 full baths, the flexible floor plan provides plenty of space and potential for related living. The main level features a welcoming living room, formal dining room, parlor, kitchen, two bedrooms, and a full bath. Upstairs, you'll find three additional bedrooms, a second full bath, a recreation room, and laundry. Throughout the home, historic details have been lovingly preserved, including high ceilings, oversized original woodwork, paneled doors, and beautiful pocket doors, adding warmth and character that simply can't be replicated in newer construction. The extensive renovation includes a completely remodeled kitchen with stainless steel appliances and granite countertops, remodeled baths, recessed lighting, new flooring and paint, two new water heaters, new A/C unit, a new front and rear porch, second floor balcony, and new siding. Windows and roof are approximately five years old. A full basement and detached two-car garage provide even more storage and functionality. And the location? Hard to beat. Just blocks from the University of St. Francis, with restaurants, shopping, downtown Joliet, the Metra train station, and easy access to I-80 all close by.

417 Buell Avenue, Joliet

$535,000
4 Beds 4 Baths 12747486 MLS NEW Status
A rare opportunity in Joliet's highly desirable Cathedral Area! Set high on one of the neighborhood's historic bluffs, this impressive 1908 American Four Square offers approximately 3,744 square feet of living space on an expansive half-acre homesite. Designed by noted architect C.W. Webster, the home is filled with architectural character, including beautiful hardwood floors, generous room sizes, built-ins, a grand foyer, library, walk-in pantry and expansive veranda. Remarkably, the owner also has the home's original architectural blueprints, which will convey with the property. The property also features a detached 2-car garage with a separate studio apartment above, currently rented at $1,200/month with the tenant responsible for utilities. This provides $14,400 in annual rental income along with future flexibility for guest quarters, home office or extended living. A large driveway provides abundant additional parking. SELLER FINANCING AVAILABLE! Seller is willing to consider owner-financing options for qualified buyers, creating a unique opportunity for buyers seeking an alternative to traditional bank financing. Terms are negotiable and subject to seller approval. Located in the historic Cathedral Area with mature trees, substantial lot size, income-producing carriage house and architectural character that simply cannot be duplicated today. An exceptional opportunity to own one of Joliet's distinctive historic residences.

600 Buell Avenue, Joliet

$374,900
6 Beds 2 Baths 12734922 MLS NEW Status
Step into a piece of Joliet history in the heart of the beautiful Cathedral area neighborhood. 414 Buell Avenue is a stunning historically preserved home filled with craftsmanship and character you simply can't recreate today. From the original staircase, stained glass and beautiful custom woodwork to the original hardwood floors you'll find throughout the home. With over 3,100 square feet, SIX bedrooms and TWO full baths, the amount of home you're getting in this price range is truly incredible. Natural light pours in through the striking protruding bay windows, while the wraparound porch with paired round columns showcases the architectural character. The real heart of this home is the incredible amount of living space, especially on the main floor. A study, living room and formal dining room give you endless possibilities, while the beautiful fireplace and original built-in shelving bring you right back to the early 1900s. The huge, modern kitchen is bringing today's functionality into a home rich with history. The main floor also features a bedroom and full bath, while the second-floor full bath offers a double vanity. Upstairs, the spacious primary bedroom features an attached bonus room that could become a custom closet or dressing room, nursery, office, craft room or simply keep it as the bedroom it already is.Dual access to the upstairs adds even more versatility, and the large attic offers incredible potential for additional finished living space. Major improvements include a brand-new boiler and roof less than two years old, and newly installed water piping to the home as part of the City of Joliet's major water infrastructure improvements. The basement also offers convenient storm-door exterior access. A three-car garage, paved driveway and ample parking complete the property. Just blocks from Downtown Joliet, the newly transformed City Square, restaurants and entertainment, with easy access to I-80. Historic character, modern conveniences and an incredible amount of space in one of Joliet's most historic neighborhoods.

414 Buell Avenue, Joliet

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