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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Joliet, IL
Listed for sale 7 days ago
$ 196,875
ROI
21.9
Cash Flow/m
115- 2 Bed
- 2 Bath
- 960 sft
3107 Ingalls Ave APT 3D, Joliet, IL, 60435
$ 179,900
ROI
24.5Cash Flow/m
235- 2 Bed
- 2 Bath
- 828 sft
1323 Buell Ave APT B, Joliet, IL, 60435
$ 199,000
ROI
27.0Cash Flow/m
402- 5 Bed
- 2 Bath
- 995 sft
919 Gael Dr Unit A, Joliet, IL, 60435
Fix & Flip
$ 264,900
ROI
20.2Cash Flow/m
33- 2 Bed
- 2 Bath
- 1545 sft
2743 Harbor Dr #2743, Joliet, IL, 60431
Why Invest in Joliet, Illinois?
Joliet, IL offers strong investment potential in **condos**, with steady appreciation and solid rental demand near Chicago. Home values rose 13.2% year-over-year to a $300K median, signaling robust growth[1]. Average rents support healthy cash flows, while cap rates around 6-7% attract investors. Proximity to major employers and infrastructure upgrades enhances long-term ROI. Renter occupancy remains high at 35%, ideal for passive income strategies.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
5.8%
1Y Appreciation
Frequently Asked Questions
Yes, Joliet condos offer solid cap rates around 6.5% and 5-6% appreciation amid rising home values. Strong renter demand from commuters supports steady cash flow. Proximity to Chicago enhances long-term value.
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