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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Joliet, IL
Fix & Flip
Listed for sale 4 days ago
$ 264,900
ROI
20.2
Cash Flow/m
33- 2 Bed
- 2 Bath
- 1545 sft
2743 Harbor Dr #2743, Joliet, IL, 60431
Listed for sale 5 days ago
$ 279,900
ROI
25.4Cash Flow/m
437- 3 Bed
- 2 Bath
- 1450 sft
410 N Raynor Ave APT 1W, Joliet, IL, 60435
$ 199,900
ROI
21.0Cash Flow/m
71- 2 Bed
- 2 Bath
- 960 sft
3111 Ingalls Ave APT 1C, Joliet, IL, 60435
$ 228,000
ROI
26.0Cash Flow/m
399- 2 Bed
- 2 Bath
- 1166 sft
4482 Timber Ridge Ct Unit 4482, 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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