Condo Investment Properties for Sale in Joliet, IL
$ 174,900
ROI
26.1
Cash Flow/m
308- 2 Bed
- 1 Bath
- 882 sft
1013 Gael Dr Unit B, Joliet, IL, 60435
$ 264,900
ROI
20.1Cash Flow/m
27- 2 Bed
- 2 Bath
- 1583 sft
(Undisclosed Address), Joliet, IL, 60431
$ 269,500
ROI
20.0Cash Flow/m
17- 2 Bed
- 2 Bath
- 1550 sft
2751 Harbor Dr #2751, Joliet, IL, 60431
$ 230,000
ROI
25.8Cash Flow/m
388- 2 Bed
- 2 Bath
- 1159 sft
4455 Timber Ridge Ct #4455, 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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