Avildsen died of pancreatic cancer at Cedars-Sinai Medical Center in LA, his son, Anthony, told the Los Angeles Times.
His other most memorable works include first three original "Karate Kid" movies, in which he directed Ralph Macchio and Pat Morita.
Born in Oak Park, Illinois, Avildsen rose to prominence with the 1970 violent drama "Joe", which earned critical acclaim for its star Peter Boyle, who played Joe Curran, a racist factory worker who hates "hippies and blacks." The film also featured Susan Sarandon.
He last directed the 1999 action film "Inferno" starring Jean-Claude Van Damme, Danny Trejo and Pat Morita.
The film was a remake of and a self-conscious tribute to Japanese filmmaker Akira Kurosawa's film "Yojimbo".
Stallone, who also worked with Avildsen in "Rocky V", took to Instagram to pay tribute to the veteran filmmaker.
"R. I. P. I'm sure you will soon be directing Hits in Heaven- Thank you , Sly," Stallone wrote.
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